Appraisals for Homeowners
Equity 1st Appraisals works directly with homeowners for a variety of reasons.
Learn the some of the reasons why you may need a real estate appraisal for your property.
Contact us today to learn how we can help you.
Why homeowners choose Equity 1st Appraisals
There are many reasons for a homeowner to get an appraisal on their property. Whether you plan to sell, have legal reasons, or even tax reasons, Equity 1st Appraisals is here to help you.
1. Determine Market Value for Sale
Whether you are selling your home without a Realtor (known as For Sale By Owner or FSBO), or using a Realtor, it can be valuable to get an appraisal prior to putting your property on the market. An appraisal will provide you with an accurate value of your property that will help you set your listing price or help when you interview Realtors to list your home.
We also have licensed Realtors on staff who can list your home for you.
2. Financial Planning / Estate
Real estate is often a significant portion in an estate. When creating your financial plan or estate, a licensed appraiser will play an important role to provide you with an accurate valuation for the property. Equity 1st Appraisals can perform an appraisal on your property, or multiple properties, to help with your financial plan.
3. Divorce Valuation
Divorce is difficult. Typically, the most valuable asset that gets contested within a divorce is the primary home or other properties that the couple owns together. Getting a professional and accurate appraisal during a divorce is important for understanding your combined assets.
4. Probate Appraisals
Going through probate is often stressful, but a very important job. Real estate is often a significant portion in an estate. When settling an estate, an accurate valuation for the property from a licensed residential appraiser is critical. You can count on Equity 1st Appraisals to act quickly and with as much respect to the feelings of everyone involved.
5. Challenge Property Tax Assessment
Do you know how the tax assessor determines the value of your property? They don’t have the time or resources to accurately appraise every property in their district, so they are occasionally incorrect. If you feel that your property taxes are too high, you have the legal right to challenge your assessment. An appraisal from Equity 1st Appraisals will be the necessary documentation to contest your property’s assessment.
6. Home Insurance Valuation
Ensuring that your property is insured for the correct amount is important so that you don’t overpay, and also so that you are compensated fairly in the event that you need to make a claim. Your insurance may not accurately reflect an increase in your property valuation from improvements you have made or to keep up with market conditions. An appraisal from Equity 1st Appraisals is accepted by most insurance companies.
Process for getting an Appraisal from Equity 1st Appraisals
Step 1. Contact Equity 1st Appraisals, and let us know why you need an appraisal as well as some details about the property
Step 2. We will be in touch with a quote for your appraisal, and schedule a time to visit the property.
Step 3. We will spend time in and around your property taking pictures, measurements, and notes. Please visit our How to Prepare for Appraisal page before our scheduled appointment.
Step 4. Most of the work is done when we get back to the office as we compile our notes and do extensive research on the property and the immediate market.
Step 5. We will send you an appraisal report that shows the value of your home, and explains in detail how we arrived at that value.
The entire process takes approximately 5 to 7 days. However, we can accommodate urgent requests if you need your appraisal completed quickly.
We look forward to working with you!
How we can help
Equity 1st Appraisals provides real estate appraisal services homeowners, lenders, and any other party who may need an appraisal.
Based out in Albuquerque and serving Bernalilo, Valencia, Sandoval, and Santa Fe Counties, we are market experts to provide an accurate valuation for your needs.
We are Residential Certified Appraisers for New Mexico, which licenses us to appraise residential properties.
We look forward to hearing from you to learn how we can help!
Equity 1st Appraisals
Certified Residential Appraiser
Call us at 505-280-9434 or use the button below to request and appraisal.
How to contact us
We would love to talk to you to learn how we can help with your real estate appraisal needs.
You can reach us by email at [email protected].
Or you can call us at 505-280-9434.
We look forward to hearing from you!
Equity 1st Appraisals, LLC
Residential Certified Appraiser