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| Residential Appraisals for your Home, Land and/or
Farms.
Call, fax or email us for your Residential, Land
and/or Farm Appraisals.
We are currently performing Appraisals in the following
counties:
Mecklenburg, Cabarrus, Union and Stanly.
We use state of the art appraisal software which allows
us to use digital pictures, maps, plats, sketching and
signatures. This
also allows us to email the reports to our clients, saving 1
to 2 days over the U.S. Postal service. These emailed reports
are
secure and can not be changed, but can be printed as many
times as the client needs.
Main Services offered:
URAR Full Appraisal.
2075 Desktop Property Inspection.
2055 Desktop Quantitative.
Y2K Land Appraisal.
2000 Field Review.
If you would like us to Appraise your Property or
have any questions.
Please contact us by clicking on the link below and
filling out the contact information:
Following is a Faxable
Appraisal
Order
Form
for
your use.
|
Below
are
links
to
the
NC
Appraisers
Act,
the
NC
Mortgage
Banking
Law
and
The
Appraisal
Subcommittee (National
Registry).
Why an Appraisal?
One way of determining a home's value is through a home
appraisal. This method is used mainly by lenders before they
decide to make a mortgage loan. If the appraised value of the
house does not meet the lender's requirements, it can affect
the buyer's loan and potentially the deal itself.
Sellers (and buyers) normally use comparable home sales, not
full-fledged home appraisals, to assess the value of a home.
One good reason is that comparable home sales, or "comps," are
usually available free of charge from local real estate agents
or even online. Sellers can easily obtain a full Comparative
Market Analysis (CMA) report from a real estate agent that
analyzes comps and recommends a home value.
However, there are a unusual situations where comps or a
CMA may not be adequate for a seller to confidently set a
home's value. In such cases, sellers might consider ordering a
home appraisal themselves. Costs for home appraisals generally
are in the $250 to $500 range.
When are appraisals helpful for sellers?
It is important for sellers to have an expert opinion about
their home's value before going ahead with a certain asking
price. Sellers may want to consider ordering an appraisal if
the usual market research fails. Suppose, for example:
There are no comps. Perhaps no home in the neighborhood has
been sold recently. Or maybe the home is
one-of-a-kind — a bungalow amongst mansions, or a Victorian
on a street of ranch homes.
The home's value is disputed.
Sometimes co-owners disagree over their home's value when they
are setting a price, this is common in Estate Settlements, Also,
buyers and sellers interpret comps radically differently
during negotiation. As another opinion, a home appraisal can
settle these sorts of disputes.
It's important to realize that an appraisal is only another
opinion and that appraisals can differ. However, since most
states regulate appraisers and specific methods are followed
to arrive at a market value, an appraisal is a much more
thorough analysis than a CMA. Please check with your legal
advisor regarding whether you must disclose to the buyer
that an appraisal report for your home has been obtained.
What happens during an appraisal?
During an appraisal, a licensed professional inspects the
home, assessing square footage, condition, and features. The
appraiser usually analyzes comparable home sales and, after
factoring in knowledge of the immediate market, assigns a
value to the home.
Remember unlike a Real Estate Broker a Appraiser will make an
independent assessment of your Property without worry as to
whether or not they will or will not get a listing.
As in most States, North Carolina requires all Real Estate
Appraisers to be Licensed and also require continuing
education as a requirement to maintain license.
© Copyright 2001 Townsend Real Estate. All rights reserved.
