The role of the Real Estate Appraiser is to provide unbiased and impartial opinions about the value of a property. An appraisal is typically performed before a property is sold, mortgaged, taxed, insured or developed.
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Allow our 25-plus years of appraisal experience to assist you in your real estate appraisal needs. Our fast turn times will get you to the closing table at rocket speed. On-time closings are crucial in real estate transactions; we get it.
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25-plus years experience
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Examples of when an appraisal may be required
Selling, Buying or Refinancing
When buying or selling a home, getting an unbiased opinion of value from a licensed appraiser is highly recommended. Lenders will hire a licensed appraiser to give an idea of the market value for a property used in a mortgage transaction.
Fix-and-Flip
A fix-and-flip appraisal is significantly broader in scope than a traditional residential appraisal. It requires the appraiser to produce two valuations: an initial value based on the current state of the property and then a post-renovation value. This value is the after-repair value, ARV.
Divorce
One or both parties involved in the divorce should order an appraisal of the residence. Often, a divorce attorney will hire a licensed appraiser to give a well-supported, defensible professional appraisal in court.
Estate Settlement
Our services are ordered by accountants and attorneys when an estimate of market value for the real property involved in an estate settlement is required—a retrospective appraisal based on the property valuation on the “date of death” of the decedent.
Bankruptcy
The bankruptcy process requires the debtor to create an expense report detailing the value of their assets. A licensed appraiser will perform an impartial valuation of the real property.
Loan Modification
Lenders will hire a licensed appraiser to give an opinion of the market value for a property used in the loan modification.
Default Appraisals
In the event of default, when the borrower can’t make the payments, the bank uses the appraisal to evaluate the home. If the house is in foreclosure, whereby the bank takes possession of it, the property must be resold to help the lender recoup any losses from making the mortgage loan.
PMI Removal
To remove your PMI, you will need an appraisal showing you have at least 20% equity in your home.
Tax Reassessment
Your home’s tax-assessed value represents a yearly property value estimation. A county tax assessor will assign your property a valuation each year as a means through which to measure property taxes. Homeowners will hire a licensed appraiser to perform an appraisal when considering protesting their property taxes.
Eminent Domain
Eminent Domain appraisals are developed due to a whole or partial taking of real estate by a government agency or utility company. An eminent domain appraisal aims to determine a fair amount of compensation to pay a property owner experiencing a loss of property or property rights.