After you make an offer on a home you want to purchase and the seller accepts your offer, the purchase agreement is sent to a mortgage lender. As part of making the lending decision, the mortgage company will order an appraisal of the house. If you are buying a home in the area, then you may need to contact a residential roofing specialist as part of the appraisal process.
What is the Appraisal Process?
The mortgage company’s appraiser will look at similar homes in the area and what they have sold to get a baseline idea of the house’s value. Then he or she will assess the general condition of the house, the features of the house, what structural improvements have been made, and what amenities have been added to get a more specific idea of the value of the house.
How Does a Professional Roofer Get Involved in the Process?
The appraisal process may not go the way you want it to, resulting in a denial of the mortgage you need. If the mortgage company denies your application on the basis of the appraisal, if the condition of the roof was a factor in that appraisal, and if you think the appraisal was unfair, you may be able to get help from a roofing professional. The roofer can serve as part of your personal appraisal team that can represent your interests as the appraisal enters the arbitration process.
What Will a Professional Roofer Do?
The residential roofing contractor you hire can use the latest technology and his or her expertise in the field to come to his or her own conclusions about the roof, and the steps that need to be taken to fix it, if any. The roofing professional can then testify and negotiate with the mortgage company and its experts on your behalf.
Contact a Professional Roof Contractor in Essex MD Today
If you need help with a disputed roofing issue or guidance on where to start, then feel free to contact our respected roofing specialists and contractors.
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