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Qualified professionals. Accurate valuations.
With 8 certified appraisers on staff, supported by 5 administrative professionals, CMS Appraisal Group goes the extra mile to get to know each and every client personally. In such a highly technological world, we haven’t lost sight of the importance of the human connection. In fact, rather than existing through B2B relationships as other appraisal companies may do, we like to refer to ourselves as catering to the P2P business — “person to person.”
CMS Appraisal Group – We Provide Value.
MORTGAGE APPRAISALS
A home appraisal is an unbiased report on the value of a residential property in the fair market, performed by a trained and licensed individual. Appraisals are needed to ensure the homebuyer, the home seller and the mortgage lender receive the accurate and true value of the real estate being sold and purchased.
A seller and buyer cannot choose their appraiser. IThe appraiser must be chosen by a lender to provide a level of independence from the buyer and seller.
In order to ensure that appraisals are impartial, the Appraisal Independence Requirements (AIR) prohibits a lender’s loan production staff from having direct contact with—or influence upon—any appraisers.
VALUE ESTIMATES
Home value has a slightly different meaning if you ask a homeowner, appraiser or tax assessor. But in most cases, home value means the amount for which a house would likely sell, otherwise known as the current market value.
Mortgage lenders, as well as buyers and sellers, typically rely on professional property appraisers to calculate a property’s market value.
REFINANCING & HOME EQUITY
Before a loan is approved, a lender may require a professional appraisal. Refinance appraisals, which are an assessment of your property value, are a common part of the refinance process. However, an appraisal for the case of refinancing isn’t always a must.
Refinance rates are dependent on the value of your home, so if an appraisal shows that your home has increased in value, you may be eligible for a lower rate. If the loan-to-value ratio is too high, the lender may charge the borrower a higher mortgage rate to reflect greater risk.
TAX APPEALS
A home’s property tax bill will usually be calculated by multiplying its assessed value by the local tax rate, which can vary by location. You can hire an appraiser to give you a professional opinion of your home’s value. If you are going to contest your property taxes, a timely and accurate real estate appraisal is a vital component of your appeal.
Property appraisers don’t do appraisals for homeowners and then forward copies to local government taxing bodies. Therefore, conducting a home appraisal alone will not have a negative effect on property taxes.
ESTATE VALUATIONS
An appraisal is an unbiased professional opinion of a home’s value. Appraisals are almost always used in purchase and sale transactions, and commonly used in refinance transactions. In a purchase and sale transaction, an appraisal is used to determine whether the home’s contract price is appropriate given the home’s condition, location, and features.
A residential home appraisal can also be used to help calculate the value of an estate, and establish an individual’s net worth. Home appraisals may be used in the instances of tax and estate planning, as well as the formation of wills and trusts.
CMS Appraisal Group – We Provide Value.
MORTGAGE APPRAISALS
A home appraisal is an unbiased report on the value of a residential property in the fair market, performed by a trained and licensed individual. Appraisals are needed to ensure the homebuyer, the home seller and the mortgage lender receive the accurate and true value of the real estate being sold and purchased.
A seller and buyer cannot choose their appraiser. IThe appraiser must be chosen by a lender to provide a level of independence from the buyer and seller.
In order to ensure that appraisals are impartial, the Appraisal Independence Requirements (AIR) prohibits a lender’s loan production staff from having direct contact with—or influence upon—any appraisers.
VALUE ESTIMATES
Home value has a slightly different meaning if you ask a homeowner, appraiser or tax assessor. But in most cases, home value means the amount for which a house would likely sell, otherwise known as the current market value.
Mortgage lenders, as well as buyers and sellers, typically rely on professional property appraisers to calculate a property’s market value.
REFINANCING & HOME EQUITY
Before a loan is approved, a lender may require a professional appraisal. Refinance appraisals, which are an assessment of your property value, are a common part of the refinance process. However, an appraisal for the case of refinancing isn’t always a must.
Refinance rates are dependent on the value of your home, so if an appraisal shows that your home has increased in value, you may be eligible for a lower rate. If the loan-to-value ratio is too high, the lender may charge the borrower a higher mortgage rate to reflect greater risk.
TAX APPEALS
A home’s property tax bill will usually be calculated by multiplying its assessed value by the local tax rate, which can vary by location. You can hire an appraiser to give you a professional opinion of your home’s value. If you are going to contest your property taxes, a timely and accurate real estate appraisal is a vital component of your appeal.
Property appraisers don’t do appraisals for homeowners and then forward copies to local government taxing bodies. Therefore, conducting a home appraisal alone will not have a negative effect on property taxes.
ESTATE VALUATIONS
An appraisal is an unbiased professional opinion of a home’s value. Appraisals are almost always used in purchase and sale transactions, and commonly used in refinance transactions. In a purchase and sale transaction, an appraisal is used to determine whether the home’s contract price is appropriate given the home’s condition, location, and features.
A residential home appraisal can also be used to help calculate the value of an estate, and establish an individual’s net worth. Home appraisals may be used in the instances of tax and estate planning, as well as the formation of wills and trusts.