Need an appraisal in Silver Spring or Montgomery County?

The top 7 reasons why MD homeowners order from Potomac River Valuations:

  1. Pre-listing appraisals (whether they're selling the home on their own or using an agent)
  2. To challenge a MD property tax assessment
  3. Remove PMI to lower a mortgage payments
  4. Reinstate their Home Equity Line of Credit (or HELOC)
  5. Verify a different appraiser's report
  6. If real estate needs to be divided because of a divorce
  7. Determine the true market value of property in question to settle an estate in Montgomery county or MD

Own a home in or near Silver Spring, MD and need help determining the value of it?
Contact Potomac River Valuations.

At Potomac River Valuations, we understand the individual needs of a consumer after appraisal services. While our usual clients understand the appraisal process and standard reporting formats, you as a consumer will get extra customer service in the form of an explanation of the process and even special consumer-friendly reporting forms if the assignment allows for them.

For Sale By Owner (FSBO)/Pre-Listing Services

Since you have an emotional attachment to your own house, it's often very hard to be objective about it. A professional appraiser is objective and will tell you what you need to know, not just what you want to hear. A professional appraisal is very important as a negotiating tool once you have an attainable buyer, in addition to helping you set a realistic price to sell at so your home will attract interested buyers. It gives you something concrete to show your buyer. An appraisal is an independent third party's opinion of your house's price -- not just you saying how much you think your home is worth. Interested buyers know you have an emotional attachment to your house and will be much more likely to give credibility to an experienced appraiser's value opinion than yours.

PMI Removal Appraisals

A preferred way to cut expenses for homeowners is getting the PMI canceled from their mortgage loan, thus saving them money on their monthly payments. PMI stands for "Private Mortgage Insurance". Once your mortgage loan amount is less than 80% of the value of your home, in most cases you can apply to the lender to have the PMI eliminated from your loan, which will make your monthly payments go down. We're veterans in helping clients just like you do away with unwanted PMI insurance.

Challenging Montgomery county's assessment of your property

Lets say you live in a local area that is declining -- your local tax assessor may have your home overvalued. That only means you are probably paying more taxes than you should. Since your property assessment may likely go up again in the next period, the sooner you take care of a matter like this, the better off you'll be. Getting a professional appraisal from Potomac River Valuations is your chief weapon when challenging your property tax assessment.

Was your HELOC recently frozen?

Your lender might just choose to automatically freeze your home equity line of credit (HELOC) if your home is near a declining area -- even if your specific property has not declined in value. Not only can this be annoying from a cash flow standpoint, but it can be destructive to your credit score since it may appear as though that credit line is maxed out. Potomac River Valuations can provide you with an expert appraisal to help you reinstate your home equity line of credit.

Need Field and Desktop Appraisal Review Services?

Would you wish a second opinion without the charge and delay of waiting for a whole new appraisal? Or do you need a seasoned professional to double-check your appraisal for efficiency? Potomac River Valuations offers field reviews where we'll go out and check the subject and comps in question. If you need it immediately, we'll provide desk review and verify as many facts as we can using online data sources as well as our own files.

Need a retrospective review of an appraisal? We can help you with that Even though this is typically requested by banks, you may desire to employ this service if you suspect mortgage fraud related to your house.