6 Reasons to order an appraisal from Barnstable/Plymouth Appraisal Services
To many, an appraisal is simply one more thing on the settlement sheet for a home sale or refinance. Practically all lenders still need a local expert because the stakes are so high, even though there are a growing number of automated home valuation methods that may appear to be more economical than an appraisal. Is securing a mortgage the only reason to get an appraisal? Are there additional instances when the services of a certified, independent real estate professional could be beneficial? You bet.
Appeal your tax assessment
It's probable you're paying too much in property taxes if you live in an area where property values have declined. Property taxes are based upon a previous assessment of your home, so if values are less than what they used to be in your neighborhood, you can challenge your assessment and save money. When building your case, an appraisal from us is your best evidence. We're capable of assisting you in challenging your tax assessment.
PMI removal to lower your mortgage payment
When the amount being loaned to the home buyeris more than 80% of the actual value of the home, most lenders ask home buyers to purchase this additional insurance plan. That policy is Private Mortgage Insurance, or PMI. Since the added payment is usually folded into the monthly mortgage payment, it is often forgotten. This is unfavorable because PMI becomes unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - goes below the 80% mark. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to dismiss the PMI payments when the loan-to-value ratio conditions have been met.
Barnstable/Plymouth Appraisal Services can give you a statement regarding the value of your home, and the expense of the home valuation can generally be regained in just a few months because you'll no longer be paying the PMI.
Order an appraisal from Barnstable/Plymouth Appraisal ServicesOrder today
Divorce settlement with fewer hang-ups
A divorce is often complicated by the hard decision of who gets the home, and it can be a very daunting event for both parties. It's a good idea to order an appraisal from Barnstable/Plymouth Appraisal Services so both parties are fully aware of the true market value of their property, regardless of the circumstances.
The parties will have a better idea of what price to set, if they wish to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.
Fair and accurate estate liquidation
The death of a loved one is a painful time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Fair Market Value for the real estate involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the fullest degree of discretion.
Unlike wealthy individuals, most Americans do not have dedicated estate planners or executors to manage these matters. 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 vital importance to ensuring disputing parties leave knowing they've gotten a fair deal.
Move to or from Barnstable County through an employee relocation program
We are familiar with the stress associated with an employee relocation. We take great care in setting up an accommodating appointment time for the appraisal inspection. During our detailed inspection, we recommend relocating employees to provide input on the positive attributes of their property, as well as information about any new sales or listings in their area that they want considered.
Sell your home promptly — at an accurate price
Whether you decide to sell your home on your own or use the assistance of a real estate agent, a professional appraisal will help you make a better educated decision regarding your asking price. An appraiser has no vested interest in what price the house sells for, apart from real estate agents. Our fees are calculated on our efforts to complete the appraisal report and not a percentage of the sales price.
On a daily basis, we analyze the difference in value things like an additional bathroom or a kitchen remodel can make. Obtaining a professional appraisal is a reliable way to decide what improvements will add value and what an appropriate 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.