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Q Who needs an
appraiser?
A Attorneys need appraisers for: estate
resolution and planning, tax appeals, bankruptcy, divorce settlements, boundary disputes,
and expert witness testimony.
Lending institutes and
mortgage brokers need appraiser for: commercial, residential, and industrial real
estate, land/farms. 1st and 2nd trusts, equity lines, and relocation.
Private individuals and
businesses may need appraisers for: relocation, PMI release, estate planning and
settlement, divorce settlement,tax appeals, boundary disputes, rights-of-way, and
condemnations.
Q Why should I get
an appraisal?
A There are
several reasons for having an appraisal completed by a certifies independent fee
appraiser, they are:
To obtain a professional
estimate of the market value of a home or property you wish to buy or sell
To ensure that a purchaser doesn't pay more for a property than it's worth.
To obtain a qualified opinion of value for mortgage or lending purposes
To provide investors with adequate information upon which to base investment
decisions
An expert's opinion of value of a home or other property can be the basis for
"just compensation" (as defined by law) in cases where property is to be taken
for future public use as in a expropriation, and
An appraisal may be utilized as evidence for a municipal assessment appeal.
Q Do you have the
expertise to perform all of these services?
A Yes. I have a Masters of
Business Administration with a concentration in real estate. I have achieved the
designations of SRA and MAI from the Appraisal Institute, and a Level IV certification
from the state of Maryland and Washington, D.C. In addition, my 35 years of experience in
real estate enables me to provide expert, efficient service to our customers.
Q How much does an
appraisal cost?
A Cost varies
according to the type of appraisal requested or needed. Experience has shown us how long it takes to appraise a typical property.
We know that commercial, industrial, and other types of appraisers take longer, requiring
more research and time spent in preparation. We are always happy to quote our fees in
advance and give an estimate of delivery of the finished product.
Q How can a
homeowner be prepared for the appraiser's visit?
A There are several things a homeowner
can do to assist the appraiser. Have a copy of the survey or house location plat
available upon his/her arrival. In advance, make a list of any major improvements done to
the property in the last five years. It is helpful to point these improvements out to the
appraisers, but a list will be a handy reference when the appraiser get back to the office
and begins to write his report. Understand that it is important for the appraiser to be
able to visit the property during the day, affording him the best possible light and time
to take pictures of the property and other properites in the vicinity that will serve as
comparables.
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