Ferstl Valuation Services is proud to be one of the oldest and largest full-service appraisal firms in The Natural State, and we’ve been offering trusted real estate appraisals in Little Rock since 1967. We also offer confidential consultations for investors who are considering updating their portfolio of properties, and J.T. Ferstl, MAI, is an Arkansas-licensed attorney who offers expert witness testimony, trial preparation, and litigation support. We make it easy to schedule an independent appraisal, and you’ll receive a detailed report in approximately two weeks after your onsite visit.
An independent appraisal helps sellers determine a suitable listing price, and it helps buyers decide how much they’re prepared to offer. And it’s always helpful to know a property’s fair market value, even if you don’t have any immediate plans to sell. Here are a few reasons why you might consider scheduling an independent real estate appraisal, and we’re always a phone call away if you have any questions!
Evaluating an upcoming purchase or sale. Real estate markets can pivot very quickly, and it’s always good to develop an exit strategy anytime you purchase property with the intention of “flipping” it in the future. Reviewing the sale price of comparable properties (commonly known as “comps”) is a good way to quickly see how your property measures up. Still, it’s no substitute for a professional appraisal. Sometimes the best deals are the ones you walk away from, and a current appraisal can help you make an informed decision to sell or hold the property.
Home improvement planning. Your appraisal report will typically include a list of any observed defects or issues adversely affecting the valuation. If you purchased a “handyman’s special” in a community that’s poised for growth, you’ll want to schedule a new appraisal after your renovations are complete to ensure you’re not leaving money on the table when you decide to list the property for sale.
Planning for the Future. None of us knows how much time we have left, and it’s crucial to do your estate planning while you’re still “of sound mind and body.” An independent appraisal provides a precise valuation for asset distribution in wills and trusts, as well as asset division in the event of a divorce or legal dispute.
For more information about real estate appraisal services in Little Rock, contact us online or at 501-375-1439
