We allow all regular clients to pay for the appraisal fees at closing or if the loan does not go through they can pay direct to Sharolynn Myers Appraisal Service, L.L.C.
All other clients must pay prior to the appraisal being sent. The payment can either be a lender paying in advance (we will start the inspection process while waiting on payment; but the appraisal can not be sent until payment is received). We can also collect at the door from the homeowner. We prefer cashiers checks or cash; but occasionally we can accept personal check.
We can now accept credit cards through paypal. If the borrower needs to use this option just contact Sharolynn Myers and she can help you through this process.
If you should need any other special payment arrangements, please contact Sharolynn Myers and talk to her direct.
FREQUENTLY ASKED QUESTIONS:
What does an appraiser do?
The fundamental role of an appraiser is to provide a professional opinion, usually an estimate of market value, to be used in making real estate decisions. Typically, appraisers are employed by lenders to estimate the value of real estate involved in a loan transaction. Appraisers also provide opinions in litigating cases, tax matters and investment decisions.
Do I need an appraisal when I sell my home?
It's a good idea. Pricing your home too high may mean that it will never sell. Pricing it too low could cost you thousands of dollars.
Won't a Realtor tell me what my home is worth?
Realtors offer their own opinion as to the value and are often somewhat reliable. The appraiser, however, does an in-depth analysis and can provide a more reliable estimate or value. Even a small variance in price can mean thousands of dollars to you.
How long does an appraisal take?
At the home, the inspection takes less than one hour. From here, the work begins. At Sharolynn Myers Appraisal Service we will have the report finished within 24 hours. (Rarely it may take longer if a complex assignment.)
What happens at the inspection?
The appraiser takes pictures of the front and rear of the home and then measures the exterior to determine the home's square footage. The inspection of the interior is to view the home's condition, layout, features, and to measure any basement finish. Interior photos are taken if the lender requests.
Do I need to have anything ready for the appraiser before the inspection?
No, however, the more information that the appraiser has pertaining to the home the better. A list of dates of improvements, features, and problem areas is always helpful.
How does an appraiser estimate value?
By researching what comparable homes have recently sold for in your area and considering the value of the differences.The appraiser's job is to locate the homes which are the most similar to yours to form an opinion on the value. The factors which are considered in choosing comparable sales include: location, size, number of bedrooms, age, condition, and overall similarities.
What does the appraiser do with comparable sales?
After obtaining all of the detailed information about the homes, the appraiser makes either positive or negative adjustments to the sales price of the comparable to account for the differences between the home being appraised, (the subject), and this comparable sale. Typically, this analysis indicates a consistent indication of value.
What are the adjustments based on?
All of the adjustments are primarily based on what a typical buyer would be willing to pay for these items (market value).
What are some of the factors that the appraiser considers in value?
Location, lot size, age, square footage, condition, basement finish, amenities, recent updates, amount of garage space, bedrooms, bathrooms, condition, etc. Basically, anything that a prospective buyer would consider impacts the home's value.
Does your appraisal influence my taxes?
No. I am an independent fee appraiser and I do not work for the county or city. You can always show the tax department my appraisal to help lower your taxes; but I do not inform them of my estimated market value if they are not my client.
Can you help me if I need to get my real estate taxes lowered in Jackson County?
Absolutely. The county appraises your house every year and typically sends you a statement in April. You only have until the 3rd Monday in June to contest the appraised value of the county to affect the taxes for the same year. The Jackson county department uses a formula to base your tax amount on. Every area is different; but typically if you lower your estimated market value $20,000 you could save you up to $350 a year in real estate taxes. If you lower the estimated appraised value by $50,000, you could save about $800. It really pays to make sure that the county has your estimated market value correct.
Can you help me if I need to get my real estate taxes lowered in other counties in the metro Kansas City area?
Absolutely. Just call and let us know what county and we will let you know if we service that area.