PMI Removal Appraisals
PMI Removal Appraisals

The mistake some homeowners make is they continue to pay this mortgage insurance long after it’s no longer needed. The good news is that once you’ve reached 20% equity by […]

Pre Listing Appraisals
Pre Listing Appraisals

Home Selling Process without a Pre Listing Appraisal When a home owner wants to sell their house, they meet with a realtor who may ask them to paint their living […]

Estate Appraisals
Estate Appraisals

Estate appraisals are commonly ordered by the executor of an estate to determine tax liability and dispose of real property under a will or in probate. There are many situations […]

Divorce Appraisals
Divorce Appraisals

When you order an appraisal from Maryland Appraisal, LLC, you are assured that you will get the best in professional service, courtesy, and the highest quality appraisal. We also know […]

Bankruptcy Appraisals
Bankruptcy Appraisals

Appraisal Type Much like the appraisal required for getting a mortgage loan, a bankruptcy appraisal report establishes an opinion of your home’s fair market value. By comparing your home to […]

Appraising Mold Contamination
Appraising Mold Contamination

In fact the Uniform Standards of Professional Appraisal Practice (USPAP) states in provision AO9: “The value of an interest in impacted or contaminated real estate may not be measurable simply […]

Property with Limited Comps
Property with Limited Comps

Most everything that a typical real estate buyer would look for in a home needs to be weighed by the appraisers. This includes everything from neighborhood marketing time, to proximity […]

Determining a Homes Worth
Determining a Homes Worth

Compare properties One way to decide if a home’s price is fair or not is by comparing similar properties that have been sold in the area. Comparable homes should be […]

The Value of Energy Efficientcy
The Value of Energy Efficientcy

When appraising a property that has been upgraded to be more efficient whether from solar panels, energy efficient windows, or air conditioning units, it helps to have a few comparable […]

What is a Comparable?
What is a Comparable?

The methodology of an appraisal report Comps are based on sold properties in the surrounding area that are the most similar overall to the home being appraised. Here are some […]

How to Prepare for an Appraisal
How to Prepare for an Appraisal

Here is a short checklist Clean house – Though the appraiser will not take tidiness into account when evaluating the property, it’s important to clean up for accessibility reasons. That […]

Fuzzy Math and the Legal Description
Fuzzy Math and the Legal Description

Metes refers to the straight line between two points. Each point is a monument. This includes the curb of a road, a boulder, tree line or any other element that […]

A Day in the Life of an Appraiser
A Day in the Life of an Appraiser

The Appraiser’s Method There are many standards to follow when accepting, developing and reporting an appraisal. Typically, an appraiser will have a caseload of appraisal assignments daily that involve multiple […]

What is a Drive-by Appraisal?
What is a Drive-by Appraisal?

How can the appraiser provide an accurate appraisal if they don’t even walk through the front door? In a drive-by appraisal, the appraiser is really just making sure that the […]

4 Appraisals Misconceptions
4 Appraisals Misconceptions

Appraisers verify sales with the local municipality, and use Multiple Listing Services (MLS) to see sales reported by real estate agents. People are often vaguely familiar with what an appraisal […]

How is an Unfinished Home Appraised?
How is an Unfinished Home Appraised?

An “as-is” appraisal is fairly common and just as it sounds, it’s an appraised value for a home in its current condition during the time of the appraisal. A “subject […]

As Is Value Appraisals
As Is Value Appraisals

Change in zoning or deed restrictions Change in allowable density Plans or plat in the approval process Proposed development of a vacant site Proposed renovation or conversion of an already […]

How Accurate is Zillow Zestimate?
How Accurate is Zillow Zestimate?

As a Maryland Real Estate Appraiser, I get more than the occasional homeowner that says… “Why don’t you just use Zillow?” or “I already know what my home is worth. […]

Let’s Talk Basements
Let’s Talk Basements

Just like in Home Alone, when Macaulay Culkin would run up the basement stairs when the furnace started to click and groan, they can be a scary place when you’re […]

Appraisal Alphabet Soup
Appraisal Alphabet Soup

USPAP – Uniform Standards of Professional Appraisal Practice USPAP is basically the quality control standards for real estate appraisal analysis. It was created in the 80s by a joint committee […]

The Appraisal Report Shelf Life
The Appraisal Report Shelf Life

For mortgage purposes, it would be the lender’s decision to set the time frame in which they will accept a dated appraisal. However, to answer that question, one must understand […]

Appraising Stigmatized Properties
Appraising Stigmatized Properties

As your mind wanders, you’re having an easier time fighting off that “Where do I sign” voice, and now you’re asking questions. The real estate agent mentions that this is […]

Short Sales and Foreclosures
Short Sales and Foreclosures

That means that distressed sale values in a given market could possibly affect the appraised value of a property, depending on its proximity and how prevalent short sales are in […]

POV: Realtors and Appraisers
POV: Realtors and Appraisers

Realtor The realtor’s job is to act as a middleman between the buyer and seller. They focus on helping sellers who wish to sell find buyers that want to buy. […]

What Goes Into An Appraisal Report?
What Goes Into An Appraisal Report?

So what kind of details are we talking here? We are not just talking about the structural integrity and style of the house or the land that it was built […]

Appraisal Basics
Appraisal Basics

The process begins with the appraiser taking notes and pictures of every room while walking through the home, or subject property, as it is known in the appraisal world. Then, […]

Highest and Best Use of a Property
Highest and Best Use of a Property

As most residential appraisers know, secondary market lenders are not encouraging use of the cost approach. Are we then, actually determining the most profitable use of the land by developing […]

Excess Land versus Surplus Land
Excess Land versus Surplus Land

From what I and some of my fellow review appraisers have seen, some misunderstandings remain about excess and surplus land. One problem we run into is a failure to identify […]

Why do I Need an Appraisal?
Why do I Need an Appraisal?

Today I want to focus on those areas that may not be so well known. Anytime you need to know what your home is worth, you need an appraisal. I […]

What is USPAP?
What is USPAP?

USPAP (Uniform Standards of Professional Appraisal Practice) is the set of rules, standards, and guidelines that state certified and licensed appraisers are required to adhere to when performing professional services […]

MD Association of Appraisers
MD Association of Appraisers

MD Appraisers is proud to support the Maryland Association of Appraisers (MAA) in their efforts to promote a higher standard of professionalism in the appraisal industry and to provide a […]

Ground Rent FAQ’s
Ground Rent FAQ’s

Q. Can you Provide Information on Ground rents and How to Capitalize them? A. When appraising in areas where ground rents are prevalent, thus creating a leasehold, it is incumbent […]

Are Appraisals Just an Average of Sales?
Are Appraisals Just an Average of Sales?

Have you heard this, or is this what you think? This could not be further from the truth, so I felt it necessary to explain how appraisers come up with […]

How to Appeal Your Property Taxes
How to Appeal Your Property Taxes

It’s an unfortunate but true fact: property values are declining. With the number of foreclosure properties and short sales entering the market, property values have declined in most areas. In […]

It All Starts With Market Value!
It All Starts With Market Value!

A common thread I have seen in many failed real estate transactions is the failure to start with market value and work backwards. I will give you two examples and […]