The Real Estate Encyclopedia
RDL Appraisal & Realty
Category - Home Purchase Facilitators - Appraisal
RDL Appraisal and Realty is a primary provider of real estate valuations in Anne Arundel, Baltimore, Howard, Harford, Carroll, Queen Anne's, Prince George's and Montgomery Counties. With over 19 years of experience in the appraisal and real estate business, we have a proven track record of reducing time, efforts and costs in managing the appraisal process.
We are a provider of appraisals for:

  • Primary and secondary mortgages
  • Mortgage refinancing
  • FHA Loans - SINCE 1992
  • Reverse mortgages
  • Bail Bonds
  • Estate planning
  • Divorce settlement
  • Pre Listing of property for sale
  • Commercial Properties
  • Private Mortgage Insurance (PMI) removal
  • and many other appraisal related needs

Our investment in training and technology has helped our customers greatly reduce their workload. By offering online appraisal ordering, client followup and electronic delivery of the final product. With our full time office staff and online services we are able to eliminate the run around and phone tag hassles associated with the appraisal process. And since this saves us money as well, we can keep our rates very competitive with anybody in the industry and pass the savings on to you.

  • Short turn-around times typically 2-3 days after inspection for non-complex properties 
  • Highest quality appraisal reports
  • Immediate customer contact to schedule inspections
  • Full Time Office staff - for client contact and status update
  • Electronic ordering and delivery
  • Competitive pricing 
  • Flexable appointment scheduling

Through this website, you can perform a number of tasks. Ordering an appraisal is just a click away. Or, spend some time and find out a bit more about the appraisal business. Be sure to checkout the news page. The more you know, the better decision you can make. And check back frequently, as our content is always being updated. Should you have an appraisal related question, please do not hesitate to contact us.



Estate Appraisals

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 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.

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 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.



Divorce Appraisals

Divorce Appraisals

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.



Pre -Listing Appraisals

If you’re working with a real estate agent to list your property, more than likelythey’ll 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's probably in your best interest to have an "objective" third-party's opinion of value prior to signing a Listing Agreement.And that’s 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 buyer’s 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 actually 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 to realistically price their home in order for it to sell.  An overpriced home will not attract buyers, which means no offers and no closing and that you have wasted valuable time, money, and efforts.

Improvements to add value
In addition to “how much?”, there may be other important questions to ask yourself before listing your home.  Questions like ''Would it be better to paint the entire house before we sell it?”, ''Should I put in that third bathroom?'', ''Should I complete my kitchen remodel?'' Many things which we do to our houses have an effect on their value.  Unfortunately, not all of them have an equal effect. While a kitchen remodel may improve the appeal of a home, it may not add nearly enough to the value to justify the expense.

Unlike a real estate agent, an appraiser has no vested interest in what amount the house 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.



External Links

www.rdlappraisalandrealty.com

 

 
 
Category(s)
Home Purchase Facilitators - Appraisal
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