Real estate appraisal services for homeowners in the city of Baltimore and Baltimore County
Here are the top seven reasons why Maryland homeowners use Chesapeake Real Estate Appraisals, Inc:
We at Chesapeake Real Estate Appraisals, Inc understand the particular needs of a consumer seeking appraisal services. Our usual business clients are used to the appraisal process and the standard "products" we deliver to them. But as a consumer, we will give you extra guidance and explanations through the appraisal process to more fully understand what we do and how we report our conclusions.
For-Sale-by-Owner (FSBO) / Pre-Listing ServicesSince you have an emotional attachment to your own house, it's often very hard to be objective about it. A professional appraiser is objective and will tell you what you need to know, not just what you want to hear. In addition to helping you set a realistic selling price so your property will attract buyers, a professional appraisal is a very valuable negotiating tool once you have a likely buyer. The appraisal is something tangible to show the buyer. It's an independent third party's opinion of your house's value, and not just how much your house is worth. Potential buyers know you have an emotional attachment to your home and will be far more likely to give credibility to an experienced appraiser's value judgement than yours.
Challenge a property tax assessmentYour local tax assessor may have your house overvalued if you live in an area that is going down or not appreciating as much as other houses close to yours. This means you're going to pay higher taxes than you should be paying. Since your property assessment may likely go up again in the next period, the sooner you take care of a matter like this, the better off you'll be. Getting an expert appraisal from Chesapeake Real Estate Appraisals, Inc is your number one weapon when challenging your property tax assessment.
Appraisals to remove PMIA preferred way to cut costs for homeowners is to get the PMI eliminated from their mortgage loan, thus saving them money on their monthly payments. PMI stands for "Private Mortgage Insurance". Once your mortgage loan is below 80% of the value of your home, in most cases you can apply to the lender to have the PMI canceled from your loan, which will make your monthly payments go down. At Chesapeake Real Estate Appraisals, Inc, we're experienced in helping folks just like you get rid of undesirable PMI insurance.
Was your HELOC recently frozen?If your home is in or near a declining area, your lender might just decide to automatically freeze your home equity line of credit (HELOC) - even if your specific property has not declined in value. Not only can this be annoying from a cash flow point of view, but it can be destructive to your credit score since it may appear as though that credit line is maxed out. Chesapeake Real Estate Appraisals, Inc can help you reinstate your HELOC.
Need Field and Desktop Appraisal Review Services?Do you need a seasoned appraiser to double-check your appraisal for efficiency, or do you need a second opinion without the added cost and delay of waiting for a whole new appraisal? Chesapeake Real Estate Appraisals, Inc offers field reviews where we'll go out and check the subject and comparables in question. If you need it ASAP, we'll provide desk review and verify as many facts as we can, using online data sources as well as our own files.
We can also provide you with a retrospective review of any appraisal you may have had done before. While typically requested by banks, you may need to use this service if you suspect mortgage fraud related to your property.