Ordering an appraisal from Home Appraisals, Inc.
To a lot of people, an appraisal is simply a line item in the long list of items for a home purchase or refinance. The majority of lenders still call in a local expert because the stakes are incredibly high, even though there are a developing number of automated home valuation systems that might seem more cost-effective than an appraisal. You might assume that securing a mortgage is the only reason to get an appraisal, but there are other situations when the services of a certified, independent real estate professional could come in handy.
Let us help you challenge your tax assessment
It’s probable you’re paying too much in property taxes if you live in an area where property values have depreciated. Property taxes are based upon a past assessment of your home, so if values have declined in your neighborhood, you can appeal your assessment and save money. When building your case, an appraisal from Home Appraisals, Inc. is your best evidence. At Home Appraisals, Inc.,we can assist you in disputing your tax assessment.
We can help you do away with PMI to lower your mortgage payment
Private Mortgage Insurance, or PMI, is an added insurance plan that many lenders ask home buyers to buy when the amount being loaned to the homebuyer is more than 80% of the actual value of the real estate. Very often, this extra payment is folded into the monthly mortgage payment and is quickly forgotten. PMI becomes unnecessary when the leftover balance of the loan – whether through market appreciation or principal pay down – dips below the 80% level, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress that requires lenders to remove the PMI payments on most mortgages when the balance is paid down to 78% of the original value.
If you’d like to do away with PMI, Home Appraisals, Inc. can give you a statement regarding the value of your home. The cost of the appraisal can generally be offset in a short amount of time because you’ll no longer be paying the PMI.
Settling a divorce with less stress
A divorce can be a very traumatic experience for both parties, and it is often more complicated by the strenuous decision of who keeps the home. So both parties are fully aware of the true market value of their house, it’s a good idea to order an appraisal from Home Appraisals, Inc., regardless of the circumstances.
If the parties wish to sell the home, they’ll have a better idea of what price to set. And on the flip side, if a “buyout” is the chosen option, both parties will feel like they’ve gotten a fair evaluation.
Accurate and fair estate liquidation with Settling an estate
The loss of a loved one is a difficult time in life, and settling an estate from a death, or probate, often requires an appraisal to establish Market Value for the residential property involved. We ensure the highest degree of discretion, as we’re bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Most Americans don’t have dedicated estate planners or executors to handle these issues, unlike wealthy individuals. A home or other property often makes up an uneven share of the total estate value, so understanding the true value of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they’ve received a fair deal.
Let us help you with relocating to or from your home
We are aware of the headaches involved with an employee relocation. That’s why we take great care in establishing a convenient appointment time for the appraisal inspection. During our intensive process, we encourage relocating employees to provide feedback on the positive aspects of their property, as well as information about any recent sales or listings in their area that they want considered.
Don’t sell out for too little or keep your home on the market for too long
A professional appraisal can help you make a more informed decision when determining your asking price, whether you want to sell your home on your own or with the help of a real estate agent. An appraiser has no vested interest in what amount the house sells for, unlike real estate agents. The price we charge isn’t contingent upon the value opinion we render, but rather they are calculated on our efforts to finish the appraisal.
On a daily basis, we determine the difference in value items like an extra bathroom or a kitchen remodel can make. Getting a professional appraisal is a trusted way to determine what improvements will add value and what an applicable sales price is for your home – so you don’t come up short or have your house on the market an unnecessarily long time – because we’re experts in knowing how long homes are one the market.