Let Barnstable/Plymouth Appraisal Services serve your appraisal needs
Year after year, thousands of people in Massachusetts purchase, sell or refinance their home. Most of these transactions involve a simple line item for an appraisal. While there are a budding number of automated home valuation systems that may appear more cost-effective than an appraisal, nearly all lenders still want a local expert because the stakes are so high. You might think that obtaining a mortgage is the only reason to acquire an appraisal, but there are additional cases when the services of a licensed, independent real estate professional could be helpful.
Contest your tax assessment
If you live in an area where property values have depreciated, it's possible you're paying too much in property taxes. An appraisal from Barnstable/Plymouth Appraisal Services is your best evidence when building your case. We're equipped to assist you in appealing your tax assessment.
Get rid of PMI to lower your mortgage payment
Private Mortgage Insurance, or PMI, is an additional insurance plan that almost all lenders ask home owners to buy when the amount being loaned to the home buyer is more than 80% of the actual value of the real estate. This added payment is often lumped into the monthly mortgage payment and is soon forgotten. This is damaging because PMI is no longer required when the leftover balance of the loan - whether through market appreciation or principal pay down - dips below the 80% level. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to dismiss the PMI installments when the loan-to-value ratio conditions have been met.
If you'd like to eliminate PMI, Barnstable/Plymouth Appraisal Services will give you a statement regarding the value of your home. The price you paid for the home valuation can generally be offset in just a few months because you'll no longer be paying the PMI.
Get your appraisal from Barnstable/Plymouth Appraisal ServicesOrder today
Divorce settlement with less stress
A divorce can be an especially daunting experience for both parties, and it is often even more complicated by the difficult decision of who maintains the house. So both parties are entirely aware of the true market value of their property, it's a good idea to get an appraisal from Barnstable/Plymouth Appraisal Services, regardless of the circumstances.
If the parties want to sell the home, they'll have a clearer picture of what price to set. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation.
Ascertain an accurate and fair valuation for estate liquidation
The loss of a loved one is a painful time in life, and settling an estate from a death, or probate, often requires an appraisal to establish Fair Market Value for the residential property involved. We ensure the utmost 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 manage these issues, unlike many wealthy individuals. A home or other property often makes up a disproportionate share of the total estate value, so understanding the true worth of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've gotten a fair deal.
Move to or from County through an employee relocation program
Employee relocation is a stressful event, and we understand. That being said, we take great care in organizing a convenient appointment time for the appraisal inspection. During our thorough inspection, we encourage relocating employees to provide input on the positive features of their property, as well as information about any recent sales or listings in their area that they want considered.
Close on your home promptly — for an accurate price
A professional appraisal can help you make a more informed decision regarding your selling price, whether you choose to sell your home on your own or with the help of a real estate agent. Apart from a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees aren't a percentage of the sales price, but rather they depend on our efforts to finish the appraisal report.
On a daily basis, we determine the difference in value items like an additional bathroom or a kitchen remodel can make. Seeking a professional appraisal is a reliable way to decide what improvements will add value and what a suitable 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 houses stay on the market.