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At Watson Real Estate Appraisals, Inc., we understand the needs our homeowners have when it comes to the appraisal process. We also know that homeowners need appraisals for a variety of reasons, including: mortgage refinance, home equity loans, pre-listing services, and PMI removal. Since each of these reasons requires special attention to detail, we have provided a section for each of these services below. So, you can rest assured when you order an appraisal from us, you will receive the most accurate and professional appraisal services – no matter which of the reasons for needing an appraisal you may have. Refinance/Home Equity Services: As a homeowner, when you go to refinance your house and/or apply for a home equity line of credit, did you know that if your lender does not require you to use their appraisal firm, you are free to choose and appraisal firm of your choice? It’s true and if you are ever in this situation, we would like the opportunity to earn your business. However, even if your mortgage company does not require you to use one particular appraisal firm, most mortgage companies have a list of “approved appraisers” from which you may select. In this case, if you would like to have us work with you, please contact us (hyperlink) so that we may fill out the necessary documentation to become a part of your mortgage company’s “approved appraisers” list. For-Sale-By-Owner (FSBO)/Pre-Listing Services: It's hard to be objective about your own home oftentimes because of your emotional attachment to it, and we understand that at Watson Real Estate Appraisals, Inc. You see, professional appraisers are objective and will tell you what you need to know and not just what you want to hear. In addition to helping you set a realistic selling price so your home will attract buyers, a professional appraisal is very valuable as a negotiating tool once you have a potential buyer. It gives you something concrete to show your buyer. Potential buyers know you have an emotional attachment to your home and will be far more likely to give credibility to a professional appraiser's opinion of your home’s value rather than yours. With the help of professional appraisals, more homeowners today are choosing to sell their homes FSBO (For Sale By Owner) and are choosing to forego the help of real estate agents. Selling your home by this method can end up saving you a potential “hefty” commission (industry average is 5-7% of the home’s selling price). Plus many homeowners feel that they have more control in the process of selling their home since they’re in essence making all the rules when selling FSBO. PMI Removal Appraisal Services: A popular money-saving opportunity for many homeowners is to get the PMI (Private Mortgage Insurance) removed from their mortgage loan, thus saving them money on their monthly mortgage payments. Once a homeowner’s loan amount is down below 80% of the value of your home, in most cases, homeowners can apply to the lender to have the PMI removed from your loan (which will make monthly payments go down). At Watson Real Estate Appraisals, Inc., we are experienced in helping our customers save money on their mortgage payments through the removal of PMI. It has been our experience when working with customers in PMI removal situations, that the hardest thing to know is just when their home equity rises above the 20 percent point. This is where we can help. It is our job to know the market dynamics of the Grand Strand area. We know when property values have risen and/or declined and offer specific services to help our customers find the value of their homes and remove PMI payments. With the data gathered from the appraisal report, mortgage companies will oftentimes eliminate the PMI with little trouble. The savings from dropping the PMI pays for the appraisal report in a matter of months. After this short period of time, homeowners can enjoy the savings from not paying monthly PMI from that point forward. For more information on PMI and the Homeowners Protection Act, try the following link: Cancellation of Private Mortgage Insurance: Federal Law May Save You Hundreds of Dollars Each Year Field & Desktop Appraisal Review Services: Have you just received a copy of your appraisal report that was done by an appraisal firm you have never worked with before and are not completely sure you trust the results? Would you like to have a professional appraiser of your choice "double-check" the report for accuracy? Or, do you need a second opinion of your home’s value without the expense and delay of waiting for a whole new appraisal? At Watson Real Estate Appraisals, Inc., we offer field and desktop appraisal review services that are as unique as your specific situation. During an appraisal field reviews, we will check your appraisal report for accuracy and provide exterior "field inspections" of the subject and comparable properties for maximum appraisal certainty. An appraisal field review is perfect for any situation demanding a second opinion on value. During an appraisal desk review, instead of physically coming out to your property, we check over the findings of your current appraisal report for accuracy. We will do this by using our extensive Internet research capabilities and office files to deliver reviews with the highest degree of precision in the industry. |
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Watson Real Estate Appraisals, Inc. 4340 Big Barn Drive Suite 102 Little River, SC 29566 Office: (843) 399-3030 Fax: (843) 399-3334 e-mail : info@watsonappraisals.com |