When buying a home, there is an immediate need by your Realtor to put a price in the contract to buy which begins the contract negotiation process. This price will most likely have been discussed and agreed to with the help of a Realtor performing a comparative market analysis. When you create the contract to buy, you have the right to request that your contractual price be subject to an independent appraisal which is a called a contingency. Don’t worry, there are already many different contingencies built into real estate contracts (title, loan approval, lender appraisal deadline, etc.) so adding one of your own for an independent appraisal of the property is in your best interest. When the contract is agreed to by both the buyer and seller, you have a fully executed contract with a contingency based on contractual price acceptance which is predicated on your independent appraisal. It is at this point where you would contact us and request that an appraisal be completed for a purchase. It is in your best interest to have a complete appraisal inspection of the interior and exterior of the property to best determine an accurate value. This can be scheduled immediately and completed within three days or less (depending on complexity of the home). If the appraisal comes in with a higher value than contracted there is no need to address the contingency and let the contract move forward. If the appraisal reveals a lower value, you can then begin the process of negotiating a lower price with a factual negotiation tool, your appraisal report.
When selling a home, you are in the driver’s seat. Before you begin the process of interviewing listing brokers and entering into a listing contract, call us. We can schedule you immediately for a complete interior and exterior inspection and complete your appraisal within three days or less (depending on complexity of the home). The reasoning behind a complete inspection is to provide you with a condition rating, verify county record square footage, and to reveal and tips for improving the value if necessary. If you are not sure if you are ready to immediately begin the selling process, we can provide a shorter and less costly analytic valuation based on historic statistical data and all similar property in the area. This type of automated appraisal is commonly used to determine a home’s value for banks to determine equity lines and second mortgages without a full interior and exterior inspection. You can use either of these products to begin the strategic process of competitively marketing your home with your chosen Realtor.
This type of appraisal is usually recommended by your Attorney or CPA for the establishment of a valuation base at the time your property is placed into a trust or date of bankruptcy, or for a specific date in time. This type of appraisal trends to be not as time sensitive as buying or selling a home and we schedule the appraisal of the property based on the requested schedule of the client or their representative. It is suggested that a complete interior and exterior inspection be performed to produce the most accurate valuation.
This is usually recommended by an Attorney or CPA for the establishment of a valuation base at the time the property is no longer occupied by its owner. This is many times for the purpose of establishing a value as a basis for estate asset division. This type of appraisal also trends to be not as time sensitive as buying or selling a home and we schedule the appraisal of the property based on the requested schedule of the client or their representative. It is suggested that a complete interior and exterior inspection be performed to produce the most accurate valuation.
Appraising this type of property can be a challenge and it is suggested that each party to the case be represented by their own independent appraiser. Your home is most likely the largest and most tangible asset which will be considered for division. This is usually recommended by an Attorney for the establishment of a valuation base at the time of separation or prior to final decree. This type of appraisal can be as time sensitive as buying or selling a home and we schedule the appraisal of the property based on the requested schedule of the client or their representative. It is suggested that a complete interior and exterior inspection be performed to produce the most accurate valuation. We can recommend other competent appraisers in the local area for opposing parties, if requested.
This is usually recommended by an Attorney or CPA for the establishment of a valuation base line for the purpose of establishing tax basis for an individual or estate. This type of appraisal trends to be not as time sensitive as buying or selling a home and we schedule the appraisal of the property based on the requested schedule of the client or their representative. It is suggested that a complete interior and exterior inspection be performed to produce the most accurate valuation.
All lenders are now requiring that an appraisal be performed prior to making any lending decision. The amount of risk determines the type of appraisal and time sensitivity of the delivery of the appraisal. The lender requested appraisal is not the only determining factor in the decision to make or dissolve a loan. You have the right to have an independent appraisal done should your home be subjected to a short sale to determine a basis for short sale negotiation. The short sale appraisal is usually ordered by an Attorney or individual seeking to establish that basis. It is suggested that a complete interior and exterior inspection be performed to produce the most accurate valuation.
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