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: Contact US for an Appraisal 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.

 Addition information on Appraisal Essentials