Appraisal services for Wilmington and New Hanover County homeowners

The top seven reasons NC homeowners need FEL, LLC:

To get a pre-listing appraisal (whether they're selling the home on their own or using an agent)
Challenge property tax assessments
To reduce a mortgage payments by removing PMI
To reinstate their Home Equity Line of Credit (HELOC)
To review another appraiser's report for verification
If real estate property needs to be divided because of a divorce
Determine the true market value of property in question to settle an estate

Do you own a home in or near Wilmington? Do you need help determining the price of your real estate?
Contact FEL, LLC.

We at FEL, LLC understand the unique needs of a homeowner in need of appraisal services. Our business practices and reporting formats are relatively routine to our business clients like banks, lawyers, and CPAs. Being a regular homeowner that most likely doesn't see an appraisal on a regular basis,we will give you extra guidance and explanations through the appraisal process to understand what we do and how we present the results of our analysis.

Pre-listing Services/For Sale By Owner (FSBO)

It's very hard to be objective about your house because of your emotional attachment to it. A professional appraiser is objective and will tell you what you need to know, not just what you want to hear. In addition to helping you set a realistic selling price so your house will attract buyers, a professional appraisal is very important as a negotiating tool once you have a likely buyer. The appraisal is something concrete to show your buyer. It's an independent third party's opinion of your house's value, and not just how much you think your house is worth. Interested buyers assume you have an emotional attachment to your home and will be more likely to give credibility to an experienced appraiser's value conclusion than yours.

Need to remove PMI?

A preferred way to cut costs for homeowners is to get the PMI canceled from their mortgage loan, thus saving them money on their monthly payments. PMI stands for "Private Mortgage Insurance". Once your mortgage loan amount is down below 80% of the value of your home, in most cases you can apply to a lender to have the PMI eliminated from your loan, which will make your monthly payments go down. FEL, LLC is qualified in helping folks just like you abolish unnecessary PMI insurance.

Challenging a property tax assessment

If you live in a region that is declining or is not appreciating as much as other houses close to yours, your local tax assessor may have your house overvalued. This only means you're probably paying higher taxes than you should be paying. Since your property assessment may likely go up again in the next period, the earlier you take care of things like this, the better off you'll be. Getting an expert appraisal from FEL, LLC is your chief weapon when contesting your property tax assessment.

Was your HELOC recently frozen?

Your lender just may choose to automatically freeze your home equity line of credit (HELOC) if your home is in or near a declining area -- even if your specific property has not declined in value. Not only can this be troublesome from a cash flow angle, but it can be harmful to your credit score since it may appear as though that credit line is maxed out. A professional appraisal from FEL, LLC can help you reinstate your HELOC.

Field and Desktop Appraisal Review Services

Do you need a seasoned expert to double-check your appraisal for accuracy, or do you need a second opinion without the charge and delay of waiting for a whole new appraisal? An appraiser from FEL, LLC can go out and check the subject and comparables in question in a field review. If you're in a hurry, we'll provide you with a desk review and verify as many facts as we can using online data sources as well as our own files.

We can also provide you with a a retrospective review of any appraisal you may have in your possession. While usually requested by banks, you may need to exploit this service if you suspect mortgage fraud related to your house.