Attention homeowners in Rehoboth Beach and Sussex County: Need an appraisal?

Here are the top reasons DE homeowners hire Residential Appraisals:

  1. To get a pre-listing appraisal (whether they're selling the home on their own or using a real estate agent)
  2. Challenge a property tax assessment
  3. Remove PMI to lower a monthly mortgage payment
  4. To reinstate your Home Equity Line of Credit (or HELOC)
  5. Verify another appraiser's report
  6. In the case of a DE divorce, where property needs to be divided
  7. To settle an estate in DE by determining the true market value of property in question

Need help determining the value of your home in or near Rehoboth Beach, DE?
Contact Residential Appraisals.

We at Residential Appraisals understand the particular needs of a customer after appraisal services. Our business practices and reporting formats are familiar to our business clients like banks, lawyers, and accountants. Being a regular consumer that most likely doesn't look at appraisals every day,we will give you extra guidance and explanations through the appraisal process to better understand what we do and how we document the results of our analysis.

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

It's very hard to be objective about your own house because you most likely have an emotional attachment to it. Professional appraisers, like the ones at Residential Appraisals, will be objective. We 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 very valuable as a negotiating tool once you have a potential buyer. It's something concrete to show the buyer. An appraisal is an independent third party's opinion of your property's price -- not just how much you think your home is worth. Interested buyers know that you have an emotional attachment to your home and will be much more likely to give credibility to an accomplished appraiser's value estimation than yours.

Appraisals to cancel PMI

Getting the PMI (Private Mortgage Insurance) removed from your mortgage loan is a popular money saver for homeowners. Your monthly payments will go down once your mortgage loan amount is down below 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 qualified in helping people just like you rid yourselves of unneeded and unwanted PMI insurance.

Challenge Tax Assessment

Your local tax assessor may have your home overvalued if you live in an area that is declining or is not appreciating as much as other houses close by. This only means you're paying higher taxes than you should be paying. 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 appraisal from Residential Appraisals is your best weapon.

Was your HELOC recently frozen?

Even if your specific property has not declined in value, your lender just might make the decision to automatically freeze your home equity line of credit (HELOC) if your house is in a declining area. This can be be bad for your credit score since it may appear as though that credit line is maxed out, and also disadvantageous from a cash flow point of view. An expert appraisal from Residential Appraisals can help you reinstate your HELOC.

We Offer Field and Desktop Appraisal Review Services

Would you wish a second opinion without the charge and delay of waiting for a whole new appraisal? Or do you want a seasoned appraiser to double-check your appraisal for verity? We can go out and check the subject and comparables in a field review. Or, if you need it ASAP, 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 help with that too. While typically requested by banks, you may need to employ this service if you suspect mortgage fraud related to your house.