Homes by Email
Be the first to see new listings as soon as they hit the market!
The licensed appraisers of Sinclair Real Estate have a combined 45 years of experience serving the Southern Ohio and Northern Kentucky areas with all types of appraisal needs. Our appraisers, Jon Sinclair and Sandy Wilburn, are both also real estate brokers, giving them broad view of the market. Our office also has several support staff to make our client’s appraisal process smooth and hassle-free.
An appraisal on a property may be necessary for many reasons such as selling or purchasing a home, refinancing, divorce settlement, making updates and renovations, or state liquidation.
Sinclair Real Estate Appraisers can help you with:
Consulting: It’s hard sometimes to decide what to do with your property or what price you may want to sell it for, and this is where our appraisal services can help. You can have a formal appraisal completed on your property at anytime without a bank or loan being involved. With our consulting services, our appraisers can tell you what is happening on the market currently, what types of homes are selling, what area is selling the fastest, what improvements would help the sale, and what you could potentially receive if you put it for sale.
FHA, VA, USDA: These types of home loans require an appraiser to have specific knowledge and training to be able to complete the appraisals for them. For example, an FHA appraiser must have the knowledge to not only determine a value of a home, but also ensure it meets HUD’s minimum health and safety standards. Sandy is part the VA panel. She had been performing VA assignments. Our appraisers can perform these types of appraisals.
Litigation/Expert Testimony: We have an appraiser available with the knowledge, skill, and experience to testify in legal matters involving property disputes.
Refinance: Refinancing a home is very common and done for many reasons such as securing a lower interest rate, consolidating debt, or remodeling a home. Sometimes we see this just as frequently as we do purchases. When using Sinclair Real Estate, clients can be confident that our appraisers and staff are experienced, efficient, and accurate in what they do.
Estates: We work closely with your legal representative to ensure the property report is done in a timely manner. When doing an estate appraisal they are done very similar to a traditional appraisal in that a full site observation is made and the market is researched.
Real Estate Taxes: We can help with your real estate tax appeal. We can conduct a full appraisal and provide you with market data to support appeal.
Ohio: Scioto County, Lawrence County, Pike County
Kentucky: Boyd, Greenup.
Desco Federal Credit Union, Atomic Credit Union, US Bank, ODOT, Huntington Bank, Peoples Bank, Fifth Third Bank, PNC Bank, First Nation bank of Waverly, Citizens Bank, Beveridge and Diamond PLLC. Steve Rodeheffer Esq., Ohio Valley Bank, Wesbanco, Royal United Mortgage. JP Morgan Chase, Wells Fargo, Navy Federal Credit Union.
Before an opinion of value can be determined, the appraiser will come and observe your property. The appraiser will be checking on the number of bedrooms and bathrooms, square footage, condition, location, and if there are any defects. To help speed the process along, occupants of the property should be sure the appraiser has easy access to the attic, basement/crawl space, electric panel, hot water tank, all rooms in the home and outbuildings. The appraiser will likely make a sketch of your property as well as take photographs and measure your home. Appraisers are typically at a property less than an hour.
When the appraiser is back in the office, he will then use a software and input all of the photos and data taken during the inspection. He will then use market data from your neighborhood and adjust for similarities and dissimilarities. The data combined will help the appraiser arrive at an opinion of value to your property.
Both an appraisal and home inspection involve inspections of a property but are done for different reasons and report different information.
An appraisal is done on a property to determine value. It is required by lenders for many loan types. It will involve observation of the condition, features, size and quality of the home.
A home inspection is engaged by a buyer, but sometimes a seller, to determine condition of systems and structures in the home. The inspector will look at condition of the roof, gutters, plumbing, electric, hot water tank, and more. A home inspection is not a requirement for financing but is most often done so that a buyer can see if there are serious issues with the property. In some cases, a purchase contract will be rescinded for unsafe conditions or systems are too expensive for the buyer to fix.