Baltimore Real Estate Appraisals FAQ

Frequently Asked Questions...

1. What is a real estate appraisal and why do I need one in Baltimore?
A real estate appraisal is an unbiased estimate of the value of a property, conducted by a licensed appraiser. Lenders require appraisals to ensure the property is worth the amount of the loan. It's also important for buyers and sellers to have an accurate understanding of a property's value.

2. How long does a Baltimore real estate appraisal take?
The length of time for an appraisal can vary depending on the size and complexity of the property. Typically, a residential appraisal can be completed within a week of the appraiser's visit.

3. What factors do Baltimore appraisers consider when determining a property's value?
Appraisers consider factors such as the property's location, size, condition, recent sales of similar properties in the area, and any unique features or upgrades.

4. Can I be present during the Baltimore real estate appraisal?
While it's not necessary for you to be present during the appraisal, you can certainly provide the appraiser with any relevant information about the property.

5. How much does a Baltimore real estate appraisal cost?
The cost of an appraisal can vary depending on the size and complexity of the property. Contact us at Baltimore Appraisal Services for a personalized quote.

6. What happens if the Baltimore real estate appraisal comes in lower than the purchase price?
If the appraisal comes in lower than the purchase price, the buyer and seller will need to renegotiate the terms of the sale. This may involve the buyer coming up with additional funds or the seller lowering the price.

7. Can I use a previous appraisal for a new mortgage or refinance in Baltimore?
In most cases, lenders will require a new appraisal for a new mortgage or refinance. Appraisals are typically only valid for a certain period of time.

8. How do I prepare for a Baltimore real estate appraisal?
To prepare for an appraisal, make sure the property is clean and well-maintained. Provide the appraiser with any relevant information about recent upgrades or improvements.

9. Are Baltimore real estate appraisals only for buyers and sellers?
Appraisals can also be useful for homeowners who want to understand the current value of their property for refinancing, estate planning, or other purposes.

10. How do I schedule a Baltimore real estate appraisal with Baltimore Appraisal Services?
To schedule a real estate appraisal with Baltimore Appraisal Services, simply give us a call at 443-904-5229. We'll be happy to answer any additional questions you may have and set up an appointment that works for you.

The BEST option is to leave it to the pros. Let Baltimore Real Estate Appraisals deal with all your needs. Give us a call and we can walk you through it..

Looking for a Trusted, Affordable, Certified Residential Appraiser in Baltimore? Call Ed Drost Baltimore's Appraiser 443-904-5229

Get in touch with us NOW at 443-904-5229