Thinking of trying to sell your home?
It is very difficult for you to price your home CORRECTLY. With all due respect to realtors, they are not appraisers, and they will tell you that - or they should tell you that! A comparative market analysis, or CMA, done by an agent is not an appraisal. It is simply a computer generated, statistical averaging of home sales and listings in your area. Its biggest flaw is that it does not have accurate physical data on your home or any of the comparable sales. All the data is pulled from the county tax records which is usually incorrect! Appraisers do not use public records data for physical property information.
What is an appraisal?
An appraisal is an in-depth analysis of your home’s current market area. The appraisal process will allow us to develop an opinion of the current market value of your home. It takes into consideration prior sales, current listings, and current market trends. It involves a thorough interior and exterior inspection of the property(not to be confused with a home inspection). We measure each home by hand and calculate the exact square footage of your home. We, then, use three approaches to estimate the value of your home; the cost approach, income approach, and the sales comparison approach. We carefully consider each approach and reconcile them to arrive at a final estimate of market value.
What is an appraiser?
An appraiser is an unbiased third party, someone who has no interest in the resulting value of your home. You, of course, are biased and want you home to sell for as much as possible; a buyer is biased and wants the value to be lower and the agents involved may lean one way or another depending on the circumstances. There are some agents who will tell you they will list your house for that big number, even higher than you might think it’s worth, just to get the listing. Then there are other agents who will low-ball the value to get it to sell quickly. So who should you trust? Hire an unbiased appraiser.
Foreclosure/Reo Appraisals:
For a property in foreclosure, you may need to know the difference between fair market value and "quick disposition" value, to know your potential charge-off liability. We have experience in both providing snapshots of fair market value for our mortgage lending and servicing clients as well as "quick sale" forecasts that understand your timeline.
Owners of property in foreclosure, of course, present special challenges. They may be unwilling to allow an inspection of the property. If they have abandoned the property already, they may have neglected care of the home for some time -- or worse, caused damage. We have the experience and training to deal with the special dynamics of a foreclosure appraisal, and you should not hesitate to rely on us.
Tax Appeal Appraisals:
We have an in depth knowledge and are willing to take a look at your current tax bill to determine if you may or may not have valid appeal. The tax appraisal process is different than the appraisal process our office will complete. Our firm will complete an physical inspection of your home and develop a well-supported and credible opinion of value to help with the home valuation appeal process.
Estate , Divorce, and Asset Seizure Appraisal:
If you find yourself needing a home value for estate purposes let our firm help you and your family through this process. Going to court for your divorce? Our firm can provide appraisal valuations of your home and or land. We have experience in the courtroom and know how to produce credible reports that will withstand a firm cross examination.