Residential Building at Dawn


Do NOT "Overprice" Your Home!

An overpriced home will not attract buyers. This means no offers, no closing and that you have wasted valuable time, money, and efforts.

In addition to helping you set a realistic selling price so your home will attract buyers, a professional appraisal is very valuable as a negotiating tool once you have a potential buyer. It gives you something concrete to show your buyer. It is an independent opinion from a third party of your home's value, and not just you saying how much it is worth. Potential buyers know you have an emotional attachment to your home and will be far more likely to give credibility to a professional appraiser's value opinion than yours.

In addition, an appraisal will help maximize your profit by pointing out needed repairs and visible deficiencies in the property which will allow you to correct these items before placing it on the market. It is very hard to be objective about your own home 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.

Home Improvements to Add Value Appraisals

There are important questions to ask yourself before listing your home, considering a refinance or drawing on the equity of your home. Questions like would it be better to paint the entire house before we sell it, should I add a third bathroom, or should I complete a kitchen remodel? Many things we do to our houses have an effect on their value. Unfortunately, not all of them have an equal effect. For example, a kitchen remodel may improve the appeal of a home, however it may not add nearly enough to the value to justify the expense.

An appraisal provides a clear cost/benefit analysis to assist you in making decisions. Unlike a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our appraisal fees are based on efforts to complete the report and not a percentage of the sales price. A professional appraisal assists homeowners in making the best decisions on investing in their homes and how to use their equity to their advantage.


PMI Removal

Private Mortgage Insurance (PMI) is the supplemental insurance that many lenders ask home buyers to purchase when the amount being loaned is more than 80% of the value of the home. Very often, this additional payment is folded into the monthly mortgage payment and is quickly forgotten. This is unfortunate because PMI becomes unnecessary when the remaining balance of the loan, whether through market appreciation or principal pay down, falls below this 80% level. In fact, the United States Congress passed the Homeowners Protection Act of 1998 that requires lenders to remove the PMI payments when the loan-to-value ratio conditions have been met.

For home owners that believe they have met the 80% loan-to-value metric we can provide you with a statement regarding the value of your home to be provided to your mortgage company. For a nominal, fee we will even take the next step and help you file a challenge with your mortgage company. The costs of these services are very often recovered in just a few months of not paying the PMI.

Service Commitment

Here at SDI Appraisal, we have extensive experience in appraising homes in Sarasota. When you order a report from us, you can expect:

  • Prompt response to your initial inquiry: We will give you personalized information for your particular appraisal need. Just tell us your situation and we will make suggestions.
  • Quick turnaround time: Typically one week from the date the request is received. If you have chosen to receive a copy of your appraisal or consulting report via the Internet, you will receive it within minutes of its completion.
  • Appraisal and consulting reports formats to suit YOUR needs: When it comes to appraisal and consulting, "One size does NOT fit all”. We offer a variety of report types and delivery methods. Snail mail too slow? We can deliver your report attached to a standard email allowing you to download your report the minute it is completed.
  • Quick response to follow-up questions: Our reports are clearly written, understandable, and meet or exceed the Uniform Standards of Professional Practice that governs the appraisal practice. If you have any questions regarding your appraisal, after you've read the report, we encourage you to email or call us!.

Contact us now to schedule a consultation!