The Professional Reviewer
Professional Service, Courtesy and Quality
We perform valuation services for a variety of purposes, including:
Homeowners need appraisals or appraisal reviews for various reasons, including a mortgage refinance, home equity loans, Pre-listing services, and PMI removal. When you order an appraisal or review from EVS, you can rest assured that you will get the best in professional service, courtesy, and quality.
Be sure that you request Edick Valuation Services LLC if your lender asks you for YOUR choice of appraisal firms. More than likely, we are already on their "approved list," and if not, we will quickly provide your lender with the necessary documentation to become approved. In most cases, appraisers are randomly chosen from approved appraisers from an existing HVCC list.
Finalizing a divorce involves many decisions, including “Who gets the house?” There are generally two options regarding the house – it can be sold and the proceeds divided, or one party can “buy out” the other. In either case, one or both parties should order an appraisal of the residence. Divorce appraisals require a well supported, professional appraisal that is defensible in court. When you order an appraisal from us, you are assured that you will get the best in professional service, courtesy, and the highest quality appraisal. We also know how to handle the sensitive needs of a divorce situation.
Attorneys and Accountants rely on our values when calculating real property values for estates, divorces, or other disputes requiring a value being placed on real property. We understand their needs and are used to dealing with all parties involved. We provide appraisal reports that meet the requirements of the courts and various agencies.
As an attorney handling a divorce, your needs oftentimes include an appraisal to establish fair market value for the residential real estate involved. Often the divorce date differs from the date you order the appraisal. We are familiar with the procedures and requirements necessary to perform a retroactive appraisal with an effective date and Fair Market Value estimate matching the date of divorce. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the fullest degree of discretion.
Settling an estate is an important and sometimes stressful job. As an executor you have been entrusted to carry out the wishes of the deceased as swiftly and exactly as possible. You can count on us to act quickly and with sensitivity to the feelings of everyone involved.
Attorneys and Accountants rely on Edick Valuation Services’ values when calculating real property values for estates, divorces, or other disputes requiring a value being placed on real property. EVS understands their needs and are used to dealing with all parties involved. EVS provides appraisal reports that meet the requirements of the courts and various agencies.
Settling an estate usually requires an appraisal to establish Fair Market Value for the residential property involved. Often, the date of death differs from the date the appraisal is requested. We are familiar with the procedures and requirements necessary to perform a retroactive appraisal with an effective date and Fair Market Value estimate matching the date of death. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the fullest degree of discretion.
All too often, people do not fully appreciate the need to have a detailed real estate appraisal prepared in support of the numbers being used in documents filed with revenue authorities.
Opinions of value used in documents filed with the revenue authorities should be supported by a detailed report as to how the appraiser arrived at his conclusions. Such a report will certainly demonstrate to the authorities that the numbers used are well founded and substantiated.
Having a professional EVS appraisal gives the executor solid facts and figures to work with in meeting IRS and state agency requirements. It assures peace of mind to everyone concerned because we are there to stand behind the appraisal if it is challenged.
A popular money saver for homeowners in the last few years is to get the PMI removed from their mortgage loan, thus saving them money on their monthly payments. PMI stands for Private Mortgage Insurance. Once your mortgage loan amount is down below 80% of the value of your home, in most cases you can apply to the lender to have the PMI removed from your loan, which will make your monthly payments go down. EVS is experienced in helping folks just like you rid themselves of unneeded and unwanted PMI insurance.
For Sale By Owner (FSBO) / Pre-listing
If you’re working with a real estate agent to list your property, more than likely they will provide you with a Comparative Market Analysis (CMA) that lists selected sales in your area as one of the first steps in determining what to set as the listing price. This step is vital if you’re going to maximize your profit and minimize the home’s time on the market.
But even if you’re working with the most experienced real estate agent, it is probably in your best interest to have an objective third-party’s opinion of value prior to signing a Listing Agreement. And that is where we come in. We can provide you with a pre-listing appraisal so both you and your agent have an accurate description of your home’s features and a detailed analysis of the most recent and similar comparable sales or as they’re commonly called, “Comps”. In addition to helping you set a realistic selling price so your home will attract buyers, a professional appraisal can:
- Be a very valuable negotiating tool once you have a potential buyer
- Impress buyers with written proof of your home's condition inside and out
- Make yourself aware of problems and eliminate last-minute repair hassles that might delay a closing
- Decrease the chances of unknown problems that cause sales to fall through
- Eliminate the wait for the buyer or their mortgage company to get the appraisal done on their own
Many people are surprised when they find out that the market value of their home is much more than they thought, so investing in a professional appraisal allowed these people to receive several thousand more dollars than they thought they would when their home was sold. Others have an inflated opinion of their home's value, and an appraisal helped them price their home for it to sell realistically. An overpriced home will not attract buyers, which means no offers and no closing and that you have wasted valuable time, money, and efforts.
Field / Desktop Appraisal Review
Have you just received a copy of your appraisal and you would like to have a professional “double-check” or “quality check” regarding the accuracy or do you need a second opinion without the expense and delay of waiting for a whole new appraisal?
- Appraisal Field Reviews: EVS will check your appraisal for accuracy and provide exterior “field inspections” of the subject and comparable properties for maximum appraisal certainty. Perfect for any situation demanding a second opinion on value.
- Appraisal Desk Reviews: In a hurry and just want to “double-check” the facts? EVS uses our extensive Internet research capabilities and office files to deliver reviews with the highest degree of precision in the industry.
In addition to "How much is my home worth?" there may be other important questions to ask yourself before selling your home. Questions like "Should I repaint, re-carpet, add tile or wood flooring? "Should I remodel?" Many things which we do to our houses affect their value. Unfortunately, not all of them have an equal financial effect. While addition or full remodel may improve the overall marketability, it may not add nearly enough to the value to justify the expense of the improvements made.
EVS can step in and help make these decisions. Unlike a real estate agent, an appraiser has NO VESTED interest in what price your home sells for. Our appraisal fees are based on efforts to complete the report and not a percentage of the sales price. So a professional appraisal can often help homeowners make the best decisions on investing in their homes and setting a fair sales price.