A New Real Estate Appraisal

read moreAppraising is a profession, and appraisers are professionals. The rigors of becoming a licensed appraiser have increased more than ever in the past. So it goes without question these days that real estate appraisal can unquestionably be considered a profession rather than a trade. As with any profession we have a strict ethical code. We have a great deal of obligations as appraisers, but above everything we answer to our clients. Typically, for a standard residential appraisal, the lender (or an agent of the lender) places the order to the appraiser, becoming the appraiser's client.

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 moreAnew Real Estate Appraisal provides appraisal review services that are impartial, qualified, professional and in accordance with the Federal Reserve's guidelines. A review appraisal should reveal: whether the original appraisal or evaluation is suitable for the transaction, the liability inherit in the transaction, and whether the process by which the collateral valuation is acquired ensures independence and quality. In addition, they must signify whether the appraisal or evaluation report is compatible with the letter of engagement, which sets forth the extent of the appraisal assignment.

read moreMost localities determine your property tax burden based on an ad valorem assessment of the property's value. Sometimes, as a property owner, you get an unwanted surprise in the mail telling you your taxes are going up, and sometimes it may seem as though your assessment is too high. Often, matters like this can be resolved with a phone call. However, if after discussing your assessment with your local taxing authority you still feel as though your property was overvalued, a professional, independent, third-party appraiser is often your best bet in proving your case.

read moreHomes in foreclosure and properties that have reverted to the bank's ownership present various appraisal challenges. When dealing with a property in foreclosure, it's important to know market value versus a "quick disposition" value to evaluate your likely charge-off liability. The professionals at Anew Real Estate Appraisal can provide both snapshots of market value for our mortgage lending clients, in addition to "quick sale" forecasts that respect your time constraints. Owners of homes in foreclosure, of course, can present particular challenges: For example, they might be opposed to allowing the appraiser access to the house.

read moreAt Anew Real Estate Appraisal, we understand the particular needs of a customer looking for appraisal services. While our usual business clients understand the appraisal process and standard reporting formats, you as a consumer will get an extra level of customer service in the form of an explanation of the process and even special consumer-friendly reporting forms if the assignment allows for them. Since you have an emotional attachment to your own home, it's often very hard to be objective about it.

read moreGetting real estate can be the biggest investment some people might ever encounter. It doesn't matter if it's a main residence, a seasonal vacation home or an investment, purchasing real property is a complex transaction that requires multiple parties to see it through. You're likely to be familiar with the parties having a role in the transaction. The most known entity in the transaction is the real estate agent. Then, the mortgage company provides the financial capital required to fund the exchange.

read moreWe've made a name for ourselves in providing top-notch appraisals that attorneys and accountants have come to depend on. There are specific needs for everyone; we understand these needs and are acclimated to collaborating with all parties involved. In relation to our experience in dealing with the legal system and other agencies, we supply appraisals that definitely meet all expectations. Generally, settling an estate necessitates an extensive appraisal report to suggest market value for the house to the satisfaction of the parties involved.