Attention homeowners: Real estate appraisal services for in Monrovia and Knox County

The top 7 reasons why MD homeowners hire Residential Appraisal Service, LLC:

  1. Pre-listing appraisals (whether they're selling the home themselves or using a real estate agent)
  2. Challenge a property tax assessment
  3. Remove PMI to reduce their mortgage payments
  4. Reinstate your Home Equity Line of Credit (or HELOC)
  5. Verify a different appraiser's report
  6. If real estate property needs to be divided because of a divorce
  7. Determine the true market value of property in question to settle an estate

Do you own a house in or near Monrovia? Do you need help determining the price of your real estate?
Contact Residential Appraisal Service, LLC.

At Residential Appraisal Service, LLC, we understand the special needs of a homeowner looking for appraisal services. The appraisal process and reporting formats are relatively routine to our business clients like lenders, attorneys, and CPAs. But as a general consumer,you can expect extra guidance and explanations through the appraisal process to understand what we do and how we present our findings.

Pre-listing Services/For Sale By Owner

Since you have an emotional attachment to your own home, it's often very hard to be objective about it. Our professional appraisers at Residential Appraisal Service, LLC are objective. We won't just tell you what you want to hear, we'll tell you what you need to know. In addition to helping you set a realistic price to sell at so your property will attract interested buyers, a professional appraisal is a crucial negotiating tool once you have a potential buyer. It gives you something concrete to show the buyer. The appraisal is an independent third party's opinion of your property's value, not just how much your house is worth. Interested buyers assume you have an emotional attachment to your home and will be much more likely to give credibility to a professional appraiser's value judgement than yours.

PMI Removal Appraisals

A fashionable way to save money for homeowners is getting the PMI removed from their mortgage loan, thus saving them money on their monthly payments. PMI stands for "Private Mortgage Insurance". Your monthly payments will go down once your mortgage loan is less than 80% of the value of your property. In most cases you can apply to the lender to have the PMI canceled from your loan. We are qualified in helping people just like you rid themselves of unneeded PMI insurance.

Challenging Knox county's assessment of your property

Lets say your home is not appreciating as much as other properties nearby -- your local tax assessor may have your house overvalued. That means you are probably paying more taxes than you should. The quicker you take care of things like this, the better, since your property assessment may likely go up again in the next period. Getting an appraisal report from Residential Appraisal Service, LLC is your chief weapon when challenging your property tax assessment.

HELOC recently frozen?

Even if your specific property has not declined in value, your lender just may decide to automatically freeze your home equity line of credit (HELOC) if your home is close to a declining area. Not only can this be inconvenient from a cash flow standpoint, but it can be negative on your credit score since it may appear as though that credit line is maxed out. Residential Appraisal Service, LLC can help you reinstate your HELOC.

Do You Need Field and Desktop Appraisal Review Services?

Do you need an expert to double-check your appraisal for efficiency, or do you want a second opinion without the cost and delay of waiting for a whole new appraisal? Residential Appraisal Service, LLC offers field reviews where we'll go out and check the subject and comps in question. Or, if you're in a hurry, we can provide you with a desk review and verify as many facts as we can using online data sources as well as our own files.

Do you need a retrospective review of an appraisal report? Residential Appraisal Service, LLC can help you with that. Even though this is usually requested by banks, you may wish to exploit this service if you suspect mortgage fraud related to your house.