Ferstl Valuation Services has offered trusted real estate appraisals in Arkansas since 1967, but it doesn’t stop there! We’re also licensed attorneys who can serve as expert witnesses in divorces and eminent domain cases and offer real estate consultation services for investors considering updating their portfolio of properties. Determining a property’s fair market value is the first step in the process of buying or selling a home or office building, and we’re ready to put our experience to work for you!
Every client’s needs are different, and we offer legendary service with a personal touch. Whether you’re interested in protecting your long-term wealth from inflation or looking for a new home for your family, it’s easy to get a little overwhelmed. You can always ask us as many questions as you like, and we’re not happy until our clients are armed with the knowledge they need to approach their real estate transactions with confidence. Here are a few of the most common reasons our clients schedule real estate appraisals in Little Rock:
Buying, selling, or refinancing a home-An appraisal helps you determine a property’s fair market value to set a fair listing price. Many homeowners also choose to refinance their homes to raise cash for improvements or lower their interest rates. Refinancing is the process of replacing your old mortgage with a new one, and lenders will insist on an appraisal to determine if the new mortgage amount can be justified.
Applying for a home equity loan-A home equity loan is an additional loan on top of the existing mortgage based on the amount of equity you have. Your equity is calculated based on the remaining value of the mortgage subtracted from the home’s current value. A home equity loan is a common way to pay for home renovations on your forever home, but you may not qualify for a home equity loan If your home’s value has decreased.
Appealing tax assessments-We all want to pay our fair share of property taxes, but not a penny more! If your property tax is based on an inaccurate valuation, you may be able to appeal your home’s assessed value. If your locality allows homeowners to submit independent appraisals, we’re here to help!
For more information about real estate appraisal services in Little Rock, contact us online or at 501-375-1439
