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An insurance appraisal from Pilgrim Colonial determines a property's new replacement cost based on a thorough on-site inspection which is conducted by one of our experienced, certified appraisers. The accuracy of a property's replacement cost is crucial so that you are not over or under insured. There are numerous reasons why an appraisal for insurance functions might be required. There may be a loss of property due to a disaster or accident. This is a sad situation and often times what makes it even worse is over the years as the home appreciates in value, yet sometimes your insurance coverage remains. Numerous disasters can occur, anywhere from fire, flood, tornado, trees falling, etc. These are just a couple of factors a property owner ought to keep in mind when considering the value of their property and their insurance protection. Contact us today to get an Insurance Appraisal underway.

When the lender holds a home in foreclosure or already has repossesses a property, it presents certain appraisal challenges. Pilgrim Colonial is experienced and ready to work on this type of appraisal. For a property in foreclosure, you may need to know the difference between fair market value and "quick disposition" value, to know your potential charge-off liability. Pilgrim Colonial Appraisal Services is experienced in both providing data regarding fair market value for our mortgage lending and servicing clients as well as "quick sale" forecasts that understand your timeline. Inspections can be sensitive when a homeowner is present. If the homeowner has already abandoned the property, there may be deferred maintenance or damage. We have the experience and training to deal with the special dynamics of a foreclosure appraisal. Consider talking to one of our appraisers today to handle this matter. For a property that has already reverted to Real Estate Owned, you likewise will be interested in a quick disposition. But you may want to know and compare three values: As-is, as repaired, and "quick sale." These represent the value of the property without any work done to it, with the work required to make the property marketable to full market value commensurate with competing properties in the area, and, somewhere in-between, with minimal investment in repairs -- selling the property quickly, probably as a "fixer-upper." We understand your unique circumstances of an REO property, as well as the special information you'll need. Order Today

Are you a lender or firm that is seeking an appraisal of limited scope? Pilgrim Colonial Appraisal Services offers desktop valuation estimates for a discounted fee. Due to the nature of a desktop appraisal and without benefit of a physical inspection of that equipment, critical assumptions are made as to condition, age, location, physical appearance, ease of removal, and other pertinent factors that may affect value. An aggregate value is determined in a limited appraisal report including all limiting conditions, critical assumptions, definitions of values, approaches to value, conducted and written to comply with all standards of USPAP (Uniform Standards of Professional Appraisal Practice). Order a Desktop Appraisal

Appraising proposed construction can be challenging. An appraiser will often utilize documents from builders to get an accurate value. With greater detail, the more accurate an appraiser can be. Documents used by the appraiser are: Specifications sheet - Lays out all the components used in the home Building plans - The design and the floor plan that includes the sizes and number of rooms and dimensions of the structure Cost breakdown -The total expenses during the construction of the home. This includes the cost of designing, building, and labor. This may prove the most useful document in determining value. Plot plan - A blueprint for the surrounding property. Accessory buildings as well as utility lines, septic systems and drainage are covered in the plot plan. The more detailed these documents are, the greater the accuracy of the analysis will be. Typically the cost approach to value is heavily weighted to arrive at the home's worth. This method, of course, takes into account the cost of total replacement. An appraiser may also consider a market approach valuation. After the home is built, the appraiser may do a second analysis to confirm the home actually constructed matches the appraisal plans and specs.

No one should be held waiting for an appraisal. Pilgrim Colonial offers speedy turn-around times. We also offer Rush and Over-night services for most of our appraisals Please consider that not all properties are eligible for rush services due to their possible extensive research nature and our existing commitments may limit our ability to provide the rush service for you. Pilgrim Colonial  Rush Appraisal services guarantees that your appraisal report is electronically delivered to you within 48 hours of the property inspection (including holidays and weekends). Over-night appraisal service guarantees that your appraisal report is electronically delivered to you within 24 hours of the property inspection (including holidays and weekends). Please contact us today for a quoted fee.