Feikert Appraisal Service

read moreTo a lot of people, an appraisal just looks like a line item on the settlement sheet for a home purchase or refinance. Most lenders still call for a local expert because the stakes are very high, even though there are a growing number of automated home valuation systems that may appear more prudent than an appraisal. You might assume that obtaining a mortgage is the only basis for getting an appraisal, but there are more instances when the services of a licensed, independent real estate professional could come in handy.

read moreTheir home's purchase can be the most significant transaction many of us will ever encounter. It doesn't matter if a main residence, a seasonal vacation property or one of many rentals, the purchase of real property is a detailed transaction that requires multiple people working in concert to see it through. You're likely to be familiar with the parties taking part in the transaction. The most familiar entity in the transaction is the real estate agent. Then, the lender provides the financial capital required to bankroll the deal.

read moreWe are the leading provider of property valuation in the real estate mortgage industry - specializing in residential property. No property is too small or too intricate. We promise hard work, an ethical approach, resulting in a valuation you can count on.

read moreWhen interviewing a home inspector, ask the inspector what type of report format he or she provides. There are many styles of reports used by property inspectors, including the checklist, computer generated using inspection programs, and the narrative style. The most important issue with an inspection report is the descriptions given for each item or component. A report that indicates the condition as "Good", "Fair" or "Poor" without a detailed explanation is vague and can be easily misinterpreted.

read moreAppraising is, by and large, a long term career. Requirements to become a licensed appraiser have increased more than ever before. That's why it goes without question these days that real estate appraisal can unquestionably be considered a profession as opposed to a trade. In our field, as with any profession, we must follow strict ethical considerations. We have a lot of responsibilities as appraisers but our primary duty is to our clients. Typically, for a regular residential appraisal, the lender places the order to the appraiser, becoming the appraiser's client.

read moreMost localities determine your property tax burden based on an ad valorem assessment of the property's value. If you you get an unwanted surprise in the mail stating your taxes are going up, you may have good reason to differ with their assessment. Sometimes, matters like this can be solved with a phone call. However, if after discussing your assessment with your local taxing authority you still feel your property was overvalued, an independent, third-party appraiser is often your best bet in proving your case.

read moreThe Senior Residential Appraiser (SRA) designation is conferred by the Appraisal Institute. The SRA designation, for members who practice primarily residential appraisals, is held by professionals who can provide a wide range of services relating to residential properties, including providing opinions of value, evaluations, reviews, consulting and advice regarding investment decisions, among others. The Appraisal Institute is an international membership association of professional real estate appraisers, with more than 19,000 members and 99 chapters throughout the United States, Canada and abroad.

read moreHave you heard an appraiser use any of these terms? Did you just hear one of our appraisers use it and you came here to figure out what it meant? We don't mean to speak a foreign language, but any profession has its jargon. What res ipsa loquitur is to a lawyer and triple witching is to day traders, external obsolescence is to appraisers. On this page, we'll give some examples of common appraiser jargon and their meanings. When comparable properties have been identified, the appraiser makes adjustments to the Sales Price of each of the comparables to bring them into equivalency with the subject property, accounting for differences in location, construction quality, living area, acreage, frontage, amenities and the like.