A residential appraisal is the process of developing an opinion of value for real property. This is sometimes also called the fair market value of the property. When applying for a mortgage loan, thinking of listing your home for sale with a local realtor or interested in knowing the market value for your property you will need a residential appraisal. There are many other reasons to get an appraisal including Estate Planning, Financial Planning, REO, Short Sale, Bankruptcy, Divorce, PMI or Mortgage Insurance removal. Appraisals are a very important role in the decision-making process of the bank.

Every market and every property are unique in their own way. In order for our experienced residential appraisers to determine their opinion of the market value for your specific home a lot of research for data must be completed along with an interior or exterior inspection of the property that is being appraised. A lot of factors come into play that most homeowners are not aware of. Appraisers verify that recent renovations have or have not been completed if any repairs are visibly noted and the upgrades that the property may or may not have. They confirm the interior and exterior features that the property has.

We have certified residential FHA approved appraisers on staff that has been completing appraisals for 23 years. They have the training, experience, and competency to complete your appraisal today.

‘Give us a call today with any questions you might have and also check out our ‘Praise’ page and see what others are saying about Kathy Homan and the ‘Appraisals of Southwest Florida.’

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