Attention homeowners in Monrovia and Knox County: Get an Appraisal today!

Check out the top 7 reasons MD homeowners use Residential Appraisal Service, LLC:

  1. Get a pre-listing appraisal (whether you're using an agent or selling the home on your own)
  2. Challenge Knox county's assessment of your propertyvalue
  3. Remove PMI to reduce their monthly mortgage payment
  4. Reinstate their Home Equity Line of Credit (HELOC)
  5. To review a different appraiser's report for verification
  6. If property needs to be divided because of a divorce
  7. Determine the true market value of property in question to settle an estate

Own a house in or near Monrovia, MD and need help determining the value of it?
Contact Residential Appraisal Service, LLC.

We at Residential Appraisal Service, LLC understand the unique needs of a customer seeking appraisal services. The appraisal process and reporting formats are relatively routine to our business clients like lenders, lawyers, and CPAs. Being a person not in the real estate field that most likely doesn't see an appraisal on a regular basis,we will give you extra guidance and explanations through the appraisal process to better understand what we do and how we report our findings.

For Sale By Owner (FSBO)/Pre-Listing Services

Since you have an emotional attachment to your own home, 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. A professional appraisal is very crucial as a negotiating tool once you have a potential buyer, in addition to helping you set a realistic selling price so your home will attract buyers. The appraisal is something concrete to show the buyer. An appraisal is an independent third party's opinion of your property's price -- not just you saying how much your house is worth. Potential buyers know that you have an emotional attachment to your house and will be far more likely to give credibility to an accomplished appraiser's value assessment than yours.

Appraisals to cancel PMI

PMI stands for Private Mortgage Insurance. A preferred way to save money for homeowners is to get the PMI canceled from their mortgage loan, thus saving them money on their monthly payments. Your monthly payments will go down once your mortgage loan is down below 80% of the value of your home. In most cases you can apply to the lender to have the PMI eliminated from your loan. Residential Appraisal Service, LLC is veterans in helping consumers just like you do away with unwanted and unneeded PMI insurance.

Challenging property tax assessments

If you live in a local area that is going down or not appreciating as much as other houses close to yours, your local tax assessor may have your home overvalued. That means you're going to pay more taxes than you should. Since your property assessment may likely go up again in the next period, the quicker you take care of a matter like this, the better. When contesting your property tax assessment, getting an expert appraisal from Residential Appraisal Service, LLC is your strongest weapon.

HELOC recently frozen?

If your property is near a declining area, your lender just might decide to automatically freeze your home equity line of credit (HELOC) - even if your specific property has not declined in value. This can be be damaging to your credit score since it may appear as though that credit line is maxed out, and also unsuitable from a cash flow standpoint. An appraisal from Residential Appraisal Service, LLC can help you reinstate your HELOC.

Do You Need Field and Desktop Appraisal Review Services?

Have you just gotten a copy of your appraisal and you'd like to have a seasoned appraiser double-check it for accuracy or do you need a second opinion without the added expense and delay of waiting for a whole new appraisal? In a field review we'll go out and check the subject and comps in question. Or, if you need it ASAP, we can provide desk review and verify as many facts as we can using online data sources as well as our own files.

Need a retrospective review of an appraisal? We can help with that too. Even though this is usually requested by banks, you may wish to take advantage of this service if you suspect mortgage fraud related to your property.