Delaware
Appraisers
...FEATURED
SITES:
Real
Estate Appraisals
P.O. Box 290, Rockland,
DE 19732
Sussex
County
Advantage
Real Estate Auction Sales,
LLC
Selling
Real Estate, 0% Commission
to the Seller!! Since
1991
17325 Redmill Ave, Lewes,
Delaware 19958
 
Appraising
in Delaware
--›
Quick Tips
 Appraisals
in Kent and Sussex counties.
129
School Place, Milford, Delaware
19963
Brown's
Real Estate Services
We
value homes in Kent and
Sussex County Delaware
20044 Cool Spring Rd,
Milton, Delaware 19968
Evard
B. Hall Auctioneers
--›
Quick Tips
Our
15th sucessful year! "Your
on-site auction specialist"
14099 Woodbridge Rd, Greenwood,
Delaware 19950
O'Neal
& Sons Auction Sales
& Appraisal Services
R.D. 3, Box 245, Laurel,
Delaware 19956
Appraisal
Advice from the Experts
Appraisal
Tips
Important
Things to Look for When
Selecting a Personal Property
Appraiser
Appraisal
Tips from Appraising in
Delaware
1.
If you are getting an appraisal
make sure that any renovations
you have been doing are
complete. The appraiser
will have to deduct the
cost to finish those things
from the value of your home
and many times the lender
will not be willing to lend
on a home in the process
of renovation.
2.
If you have a manufactured
home, the appraiser will
figure it out. Make sure
to tell your lender that
your home is a manufactured
home, it will have a HUD
plate on the front and rear
of the home and you would
have received a title with
it when you purchased it.
If you are unsure you can
contact the assessment office
and they can tell you if
your home is manufactured.
Many lenders will not lend
on a manufactured home,
so save yourself time and
let them know up front.
3.
If you are looking for a
lender, appraisers have
very good relationships
with them and can make recommendations
of people they have worked
with that they feel are
reputable.
4.
Your home should be marketable
to receive the highest value.
What that means is that
if your home is in desperate
need of a paint job, new
cabinets, minor repairs
and carpet cleaning it will
age the home in the appraiser’s
eyes. Other factors go into
this but I always tell people
that they should approach
an appraiser as if they
were a potential buyer.
5.
Appraisers have to take
pictures of the front and
exterior of your home, and
a good appraiser will also
take photos of the interior
of your home. Be prepared.
6.
An appraiser provides an
opinion of the value of
your home based on closed
sales in your area. Many
times a realtor will have
approached you with a value
to list your home, but that
may differ from an appraised
value. The appraiser gives
a value as of the date of
the inspection, a realtor
gives a value based on a
future date with adequate
market exposure and time.
7.
Finally, have you heard
of Private Mortgage Insurance
(PMI)? Many people are paying
it and don’t even
realize it. PMI is sold
by the banks to homeowners
who have received more than
80% of their loan as a mortgage.
If you didn’t have
20% to put down on your
home, which with the cost
of homes today is difficult,
then you may be paying PMI
and not realize it. PMI
is paid monthly, on top
of your interest and principle.
Many people pay as much
as $200 a month extra for
PMI. But, there is a silver
lining. PMI can be removed
if your appraised value
is 80% or less. Save yourself
some money!
About
the Author: Patti
Persia is the owner of Appraising
in Delaware, a real estate
appraisal company that specializes
in appraisals in Kent and
Sussex counties.
To contact Appraising in
Delaware visit www.AppraisinginDE.com
or call 302-424-7550.
Most
important things to look
for when selecting a Personal
Property Appraiser... confirm
that no "prohibitive
fees" will be charged.
The fee(s) in no way should
be based on the value of
the items being appraised.The
fee should be a "flat
fee" based on the number
of hours required to complete
the report; not a percentage
of the value. Check the
appraiser's qualifications,
background, certification,
etc. There are a number
of certifying institutions,
all of which seek to "put
the appraiser's on the same
page" so-to-speak,
to insure uniformity in
there appraisal.
The
value assigned to the items
being appraised should be
substantiated in the report
by the accompanying description,
not just a "laundry
list".Confirm that
the report can be defended
in court if need be.
About
Author: Evard B. Hall of
Evard B. Hall Auctions and
Appraisals
More than thirty years experience,
member Certified Appraiser's
Guild of America.
www.ebhallauctions.com
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