Refinance Appraisal Service

A refinance appraisal is an assessment of your home’s current market value, conducted when you apply for a new mortgage to replace your existing one. Lenders require this appraisal to confirm the property’s worth is sufficient to secure the new loan and to determine the loan-to-value (LTV) ratio. This process is similar to the appraisal you underwent when purchasing your home, but with a focus on the present market conditions and your home’s current state.

As highlighted by various financial resources, a refinance appraisal involves a licensed appraiser evaluating your property’s:

• Size and Layout: Including square footage, number of rooms, and functionality.
• Condition: Assessing the interior and exterior, including major systems like HVAC, plumbing, and electrical.
• Location: Considering neighborhood factors, amenities, and comparable sales in the area.
• Recent Improvements: Noting any significant upgrades or renovations that may impact value.

The appraiser will typically conduct a visual inspection of your property, both inside and out, and compare it to recently sold homes with similar characteristics in your neighborhood (known as “comps”).

(Please note that these are estimates based on our Accra market experience and general cost ranges. Actual costs may vary depending on the specific characteristics of your property.)

• Local Expertise: We possess in-depth knowledge of the real estate market, including historical trends and neighborhood nuances crucial for accurate retrospective valuations.
• Certified and Experienced Appraisers: Our team comprises qualified and experienced appraisers who adhere to the highest industry standards and ethical guidelines.
• Timely and Professional Service: We understand the importance of efficiency during estate settlement and strive to provide prompt and professional appraisal services.
• Clear and Comprehensive Reports: Our appraisal reports are detailed, well-documented, and easy to understand, providing a clear picture of the property’s value.
• Compassionate and Understanding Approach: We handle each estate appraisal with sensitivity and respect for the circumstances.
• Understanding Lender Requirements: We are familiar with the requirements of various lenders in Accra and ensure our appraisals meet their criteria.

• Property Size and Complexity: Larger and more unique properties may require more time to appraise.
• Location: Certain areas or property types might have specific valuation complexities.
• Type of Refinance: Some specialized refinance programs might have specific appraisal requirements.

To help ensure a smooth appraisal process, consider the following:

• Clean and Tidy Your Home: Presenting a well-maintained property can create a positive impression.
• Make Necessary Repairs: Address any obvious minor repairs.
• Highlight Recent Upgrades: Inform the appraiser of any significant improvements you’ve made.
• Ensure Easy Access: Make all areas of your home accessible.

If you’re looking to refinance your home and require a professional appraisal, Shabach Realty is here to assist. Contact us today for a consultation and to receive a personalized fee quote. We are committed to providing you with an accurate and reliable valuation to support your refinancing goals.

Contact Us:

+1 571 340 0079

info@shabachrealty.com