Appraisal services for Edgewater and Anne Arundel County homeowners

Here are the top reasons MD homeowners need Residential Appraisal Service:

Find the right listing price (whether you're using a real estate agent or selling the home on your own)
Challenge property tax assessments
To reduce your monthly mortgage payment by removing PMI
Reinstate your Home Equity Line of Credit (HELOC)
To review another appraiser's report for verification
If real estate property needs to be divided because of a divorce
To determine the true market value of real estate in question to settle an estate in Anne Arundel County or the state of MD

Do you own a house in or near Edgewater? Do you need help deciding the value of your real estate?
Contact Residential Appraisal Service.

At Residential Appraisal Service, we understand the particular needs of a homeowner looking for appraisal services. Our business practices and reporting formats are relatively routine to our business clients like lenders, attorneys, and CPAs. Being a regular homeowner that probably doesn't see an appraisal every day,we will give you extra guidance and explanations through the appraisal process to understand what we do and how we document the results of our analysis.

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

It's very hard to be objective about your own home because you probably have an emotional attachment to 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 price to sell at so your property will attract many interested buyers, a professional appraisal is very important as a negotiating tool once you have an interested buyer. It gives you something tangible to show your buyer. The appraisal is an independent third party's opinion of your home's price, not just you saying how much your house is worth. Interested buyers assume you have an emotional attachment to your house and will be much more likely to give credibility to a qualified appraiser's value assessment than yours.

Need to cancel PMI?

Getting the PMI (Private Mortgage Insurance) removed from your mortgage loan is a popular way to cut costs for homeowners. 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 your lender to have the PMI canceled from your loan. We're experienced in helping consumers just like you abolish unneeded PMI insurance.

Challenge Anne Arundel county's assessment of your property

If you live in a local area that is going down or is not appreciating as much as other properties nearby, your local tax assessor may have your home overvalued. That means you're paying more taxes than you should. The earlier you take care of things like this, the better off you'll be, since your property assessment may likely go up again in the next period. Getting an expert appraisal from Residential Appraisal Service is your number one weapon when contesting your property tax assessment.

Was your HELOC recently frozen?

If your property is in or near a declining area, your lender just may 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 detrimental to your credit score since it may appear as though that credit line is maxed out, and also troublesome from a cash flow standpoint. A professional appraisal from Residential Appraisal Service can help you reinstate your HELOC.

Need Field and Desktop Appraisal Review Services?

Would you prefer a second opinion without the charge and delay of waiting for a whole new appraisal? Or do you desire a seasoned professional to double-check your appraisal for accuracy? Residential Appraisal Service offers field reviews where we'll go out and check the subject and comps. 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.

Need a retrospective review of an appraisal report? We can We can assist you Even though this is usually requested by banks, you may want to exercise this service if you suspect mortgage fraud related to your property.