KBQ Valuations is a locally owned business offering professional valuation services completed by a Licensed or Certified Residential Appraiser. We provide an accurate, impartial estimate of value that can confidently be used for a variety of purposes. We will provide you with a detailed report based on current market activity & and other applicable factors that is tailored to your specific needs. 

A home appraisal is a key part of buying, selling, or refinancing a house. It provides an independent, unbiased assessment of how much a property is worth. Conducted by a licensed professional, an appraisal typically is based on comparable sales in the neighborhood and market as well as a visual inspection of the condition of the home. Appraisals are necessary when buying and selling a home because banks won’t lend money if the appraised value of the house is less than the loan amount. However, there are other times when an appraisal may be required or can help save you money.

Homeowners considering putting their house on the market can have a pre-listing appraisal conducted to get a better sense of the market value of the home. Doing so can  help determine a realistic asking price, increasing the likelihood of a fast sale.

When you refinance your home, you’re actually replacing your old mortgage with a new one because your home’s value may have changed since you first bought it. For that reason, lenders will require an appraisal to ensure the new mortgage amount can be justified by what the house is worth today. If the home’s value has increased since it was purchased, you may be able to get cash out as part of refinancing. However, if it has declined, you may have difficulty securing a new loan.

Unlike refinancing, home equity loans are a second loan on top of the existing mortgage. The amount you can borrow in a home equity loan is based largely on the amount of equity you have after the remaining value of the mortgage is subtracted from the current value of the house. If your home has decreased in value, you may not be eligible for a home equity loan.

Other types of loans, including cash and business loans, may require you to use your home as a source of collateral. As with home equity loans, the bank will want to make sure the money it lends is supported by the current value of your property.

In many states, property taxes are calculated based on the fair market value of your home. If the value of your home listed on your property tax bill appears too high—if housing prices in your neighborhood or city have declined, for example—you may be able to appeal the assessment.

An independent appraisal could help strengthen your case, which ultimately could lower your annual property tax.

The division of property is a complex and inevitable part of life. Property, whether real estate, stocks or debts must be appropriately classified, valued, and equitably dispensed to the satisfaction of all parties involved. Valuation is a necessary and crucial step in splitting property. It establishes worth and is best done before court proceedings. Relying on a guestimate of an asset’s value is prone to result in a dispute between parties in an environment of already heightened emotions. Plus, a court can set aside a settlement if it finds that the division of valuable assets was based on an inaccurate or questionable value. An appraisal conducted by a qualified, professional appraiser can provide an accurate, impartial estimate of value that can confidently be used by the courts to settle property division issues.