When this appraisal helps
Your servicer may have specific eligibility, ordering and appraiser requirements. Ask whether you may engage an appraiser yourself. Midwest Home Values can discuss a residential valuation once those requirements are clear.
What the work considers
The agreed scope guides the property research, observation and market analysis. Relevant property characteristics, condition, improvements and comparable sales help support the opinion of value.
Start with the right information
- Your servicer’s written appraisal requirements
- Confirmation of who must order the appraisal
- Property address and improvement history
From request to report
Send the property address and purpose. Scott reviews the assignment, discusses the fee and timing, and confirms access needs. Research and analysis follow before delivery of the report for its agreed intended use.
A question worth asking
Will an appraisal guarantee that PMI is removed?
No. Your servicer determines eligibility and whether a report meets its requirements. An appraisal does not guarantee a particular value or outcome.
How much does an appraisal cost?
The fee depends on the property, location and assignment requirements. Send the property address and purpose so Scott can review the scope and provide a quote.
How long will it take?
Scheduling and completion depend on the assignment and current availability. Mention any deadline when you contact Scott; timing is confirmed before work begins.
An appraisal is an opinion of property value. Your attorney, accountant, lender or other adviser should confirm requirements for your particular matter.
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