Practice Areas
Practice Areas
Lending
A real estate appraisal used for lending purposes can assure you and your lender that the price you’ve agreed to pay for a home is fair during the home purchase process. Lenders may also request an appraisal during a refinance or home equity line of credit process. This requirement protects the lender’s best interest by ensuring that borrowers are not borrowing more money than the home is worth.
Lending
An appraisal used for lending purposes can assure you and your lender that the price you’ve agreed to pay for a home is fair during the home purchase process. Lenders may also request an appraisal during a refinance or home equity line of credit process. This requirement protects the lender’s best interest by ensuring that borrowers are not borrowing more money than the home is worth.
Divorce
Finalizing a divorce can be a complex process. Hiring a qualified Appraiser can ensure that the fair market value of your family’s real estate assets is accurately reported and supportable during any court proceedings. The purpose of a Divorce Appraisal is to establish a fair market value to either sell the real estate assets and split the proceeds between spouses or for one spouse to “buy out” the other. We are well-equipped to handle your needs with professionalism and discretion; and can provide the necessary evidence to support your case in any court proceedings.
Divorce
Finalizing a divorce can be a complex process. Hiring a qualified Appraiser can ensure that the fair market value of your family’s real estate assets is accurately reported and supportable during any court proceedings. The purpose of a Divorce Appraisal is to establish a fair market value to either sell the real estate assets and split the proceeds between spouses or for one spouse to “buy out” the other. We are well-equipped to handle your needs with professionalism and discretion; and can provide the necessary evidence to support your case in any court proceedings.
Estate
Settling an estate or probating an estate can be a weighty and sometimes stressful task. A well-supported appraisal provides the executor with solid facts and figures to meet the requirements of the IRS and state agencies; it can also ensure that real estate assets are fairly divided among heirs. Our adherence to the ethics provision within the Uniform Standards of Appraisal Practice (USPAP) ensures full confidentiality and discretion. We are familiar with the procedures and requirements needed to perform a retroactive Qualified Appraisal with an effective date and Fair Market Value estimate matching the date of death.
Estate
Settling an estate or probating an estate can be a weighty and sometimes stressful task. A well-supported appraisal provides the executor with solid facts and figures to meet the requirements of the IRS and state agencies; it can also ensure that real estate assets are fairly divided among heirs. Our adherence to the ethics provision within the Uniform Standards of Appraisal Practice (USPAP) ensures full confidentiality and discretion. We are familiar with the procedures and requirements needed to perform a retroactive Qualified Appraisal with an effective date and Fair Market Value estimate matching the date of death.
Bankruptcy
We are experienced with providing valuations for Bankruptcies and are sensitive to the situation that the homeowner is going through. For a Chapter 13 bankruptcy filing, it is the utmost importance to establish an accurate value on any of the real estate assets. In bankruptcy situations many homeowners are often in an underwater position. With our assistance, you can make a valid determination regarding the possibility of stripping away any liens or judgments.
Bankruptcy
We are experienced with providing valuations for Bankruptcies and are sensitive to the situation that the homeowner is going through. For a Chapter 13 bankruptcy filing, it is the utmost importance to establish an accurate value on any of the real estate assets. In bankruptcy situations many homeowners are often in an underwater position. With our assistance, you can make a valid determination regarding the possibility of stripping away any liens or judgments.
Tax Assessment Appeal
Most localities determine your property tax burden based on an ad valorem assessment. This assessment is a mass appraisal process that uses a calculation to determine your tax assessment based on your square footage, zoning, and property type. Since this process is not a detailed appraisal report, you may receive an over-assessed value and increased property tax bill. The burden of proof is on the homeowner and an unbiased third-party opinion is crucial to support your tax appeal case. Your local taxing authorities impose appeal deadlines and procedures that must be followed to appeal your property tax bill. We can offer you a peace of mind by ensuring that your real estate value is accurately represented and defensible to your tax appeal board.
Tax Assessment Appeal
Most localities determine your property tax burden based on an ad valorem assessment. This assessment is a mass appraisal process that uses a calculation to determine your tax assessment based on your square footage, zoning, and property type. Since this process is not a detailed appraisal report, you may receive an over-assessed value and increased property tax bill. The burden of proof is on the homeowner and an unbiased third-party opinion is crucial to support your tax appeal case. Your local taxing authorities impose appeal deadlines and procedures that must be followed to appeal your property tax bill. We can offer you a peace of mind by ensuring that your real estate value is accurately represented and defensible to your tax appeal board.
Pre-Listing Appraisal
Pre-Listing Appraisals can benefit Sellers and Seller’s Agents by maximizing the asking price without overpricing or underpricing their real estate. It can also inform interested parties of any potential problems, repairs, or FHA issues that may delay or cause an agreement of sale to fall through. We can offer you a detailed analysis and impartial opinion on how your real estate competes with other properties in your local market saving you the hassle of unnecessary negotiations with buyers and ensure you are well-informed throughout the selling process.
Pre-Listing Appraisal
Pre-Listing Appraisals can benefit Sellers and Seller’s Agents by maximizing the asking price without overpricing or underpricing their real estate. It can also inform interested parties of any potential problems, repairs, or FHA issues that may delay or cause an agreement of sale to fall through. We can offer you a detailed analysis and impartial opinion on how your real estate competes with other properties in your local market saving you the hassle of unnecessary negotiations with buyers and ensure you are well-informed throughout the selling process.
Pre-Purchase Appraisal
Pre-Purchase Appraisal is intended to protect the homebuyer’s best interests.
It can ensure that homebuyers are only paying the fair market value of real estate when an appraisal contingency is added to an agreement of sale during the buying process. If the Pre-Purchase Appraisal determines that the contract price is higher than the fair market value, the buyer can offer to renegotiate the contract price or terminate the sales contract.
Pre-Purchase Appraisal
Pre-Purchase Appraisal is intended to protect the homebuyer’s best interests.
It can ensure that homebuyers are only paying the fair market value of real estate when an appraisal contingency is added to an agreement of sale during the buying process. If the Pre-Purchase Appraisal determines that the contract price is higher than the fair market value, the buyer can offer to renegotiate the contract price or terminate the sales contract.
PMI Removal
Private Mortgage Insurance (PMI) is a type of insurance that is often required for mortgage loan borrowers. When you buy a home and make a down payment of less than 20% of the home’s purchase price, PMI may become a part of your mortgage payment. It protects your lender if you stop making payments on your loan. Getting your home re-appraised to reflect an increase of value in your home or a minimum 20% of equity level may remove your PMI insurance obligation.
PMI Removal
Private Mortgage Insurance (PMI) is a type of insurance that is often required for mortgage loan borrowers. When you buy a home and make a down payment of less than 20% of the home’s purchase price, PMI may become a part of your mortgage payment. It protects your lender if you stop making payments on your loan. Getting your home re-appraised to reflect an increase of value in your home or a minimum 20% of equity level may remove your PMI insurance obligation.
Foreclosure/REO
For a home in foreclosure, our clients need to know the gap between the market price and a “quick disposition” value to determine their likely charge-off liability. We can provide both snapshots of market value for our mortgage originating clients, as well as “quick sale” forecasts that understand the time constraints of asset managers. For a property that has returned to REO, you most likely will want to get rid of it quickly. In any case, you’ll still want to consider three angles for looking at the value of the asset:
As Repaired -Possible market value with the work necessary to make the property marketable at full market value – commensurate with competing properties in the neighborhood
As-is – The market value of the home without any repairs done to it
Quick sale – Somewhere in the middle, with minimal investment in repairs – to get rid of the property quickly, most likely to someone inclined to finish the job themselves.
Foreclosure/REO
For a home in foreclosure, our clients need to know the gap between the market price and a “quick disposition” value to determine their likely charge-off liability. We can provide both snapshots of market value for our mortgage originating clients, as well as “quick sale” forecasts that understand the time constraints of asset managers. For a property that has returned to REO, you most likely will want to get rid of it quickly. In any case, you’ll still want to consider three angles for looking at the value of the asset:
As Repaired -Possible market value with the work necessary to make the property marketable at full market value – commensurate with competing properties in the neighborhood
As-is – The market value of the home without any repairs done to it
Quick sale – Somewhere in the middle, with minimal investment in repairs – to get rid of the property quickly, most likely to someone inclined to finish the job themselves.