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Maryland and West Virginia Certified Appraisers
Maryland and West Virginia Certified Appraisers
As Maryland and West Virginia certified appraisers, we understand the importance of having accurate and reliable appraisals. From the largest financial institutions to an individual wanting to know the value of their home prior to listing, our process and reliability remain the same. With more than a decade of experience in the real estate industry, we are prepared to handle a multitude of assignments from starter homes to multi-unit investment properties to multi-million dollar estates.
As Maryland and West Virginia certified appraisers, we understand the importance of having accurate and reliable appraisals. From the largest financial institutions to an individual wanting to know the value of their home prior to listing, our process and reliability remain the same. With more than a decade of experience in the real estate industry, we are prepared to handle a multitude of assignments from starter homes to multi-unit investment properties to multi-million dollar estates.
Some of the more common appraisal assignments include:
Some of the more common appraisal assignments include:
Divorce Settlements
Expert Witness Testimony
Bankruptcy Cases where values are in question
Pre-Listing Appraisals
Tax Appeal or Disputes
Employee Relocation Appraisals (ERC)
Mortgages or Cash-Out Home Equities for federally related transactions.
PMI Removal
Whether you're a first-time home buyer or preparing an estate after the death of a loved one, the real estate process can be overwhelming and stressful. We are happy to help and lighten the burden. Our mission is to maintain public trust while preparing unbiased and impartial appraisal reports that you will know to be accurate and reliable.
Purpose of an Appraisal
Purpose of an Appraisal
The primary purpose of a real estate appraiser is to estimate the value of a piece of real estate. This can be done for a variety of reasons, such as when a property is being bought or sold, to secure financing for a property, or to determine the value of a property for insurance or tax purposes. An appraiser will consider a variety of factors in determining the value of a property, such as the location, size, age, and condition of the property, as well as any improvements that have been made. An appraisal is used to help determine the fair market value of a property, which can protect both the buyer and the seller by ensuring that the price paid for the property is reasonable.
Understanding the Appraisal/Inspection Process
Understanding the Appraisal/Inspection Process
During a real estate appraisal inspection, the appraiser will visit the property and conduct a thorough evaluation of the property. The appraiser will typically start by looking at the exterior of the property, including the foundation, roof, and any visible features. They will then move on to the interior of the property, inspecting the rooms, features, and finishes. The appraiser will also consider any improvements or updates that have been made to the property, as well as any issues or deficiencies that may affect the value of the property.
In addition to the physical inspection of the property, the appraiser will also consider other factors that can affect the value of the property such as the location of the property, the size and layout of the property and any comparable sales in the area. The appraiser may also review documents such as the property's deed and any inspections or appraisals that have been done previously if available through the normal course of business.
Once the inspection is complete, the appraiser will compile their findings and use them to determine the fair market value of the property. They will then prepare a report detailing their findings and the value they have determined for the property.
One thing that can be helpful to the appraisal process is providing your appraiser with information on your home in regards to upgrades, issues or things that could be possibly missed due to a non-invasive observation of your home. The more information that one can provided to an appraisal, the better the product can be!
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