What's my home worth?

TX #1350577

Services on this website are offered in an investor capacity

The Home Appraisal Process

Under federal and state law, appraisals are required to be independent and objective. An appraiser will conduct a visual inspection of the home and look at recent home sales in the area, known as comparables or “comps.” Based on the information gathered, the appraiser will determine the home’s value.

Pre-Listing Appraisals

An appraiser has no vested interest in what amount the house sells for. Appraiser fees are based on efforts to complete the report and not a percentage of the sales price.

Appeal Property Taxes - Equal and Uniform Analysis

Property taxes are often the largest single expense item, exclusive of debt service, for most property owners. This fact is compounded by complicated bureaucratic procedures and heavy caseloads, which increase the likelihood of an inaccurate assessment. It makes good business sense to constantly monitor and control property taxes on an annual and ongoing basis.

A professional real estate appraisal is an independent, objective opinion of market value based on actual physical conditions. A real estate appraiser can only advocate for this unbiased opinion of value and cannot be the homeowner’s hired advocate. Fortunately, there
are many property tax consulting services that can be your advocate. They usually require a real estate appraisal as an essential tool in establishing the actual property value before they aggressively negotiate on your behalf.

Private Mortgage Insurance (PMI) Removal

Lenders allow you to drop your PMI once you have 20 percent equity in your home. In order to eliminate your private mortgage insurance monthly payments, your lender will need an appraisal by a state-certified appraiser indicating current market value.

The increased value of all upgrades & renovations you have made since purchasing your home will be included in the new appraisal. You will need to contact your lender and confirm that your mortgage payment includes private mortgage insurance. Find out precisely what your lender needs in order to eliminate your PMI payment and where you must send the information.

Retrospective or "Date of Death" appraisal

In estate planning situations it is common for the appraiser to perform a ”retrospective appraisal”, meaning that even though the property might be inspected today, it isn’t valued off of today’s date, but instead based upon a previous date (usually the date of death of the owner
of the property, hence the term “date of death” appraisal). The loss of a loved one is a difficult time in life and settling an estate from a death, or probate, often requires an appraisal to establish Fair Market Value for the residential property involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the fullest degree of discretion.


A divorce can be a particularly traumatic experience for both parties and is often further complicated by the difficult decision of "Who gets the house?". In most divorce cases, the Court won't usually force the parties involved to "buyout" the other party's interest but it may however order the sale of the home so each party gets an equal share of the equity. Regardless of the situation, it's a good idea to order an appraisal so both parties are fully aware of what the true market value is.