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Why you should order an appraisal from Barnstable/Plymouth Appraisal Services

To a lot of us, an appraisal is simply one more thing in the long list of items for a home purchase or refinance. Even though there are a budding number of automated home valuation systems that might appear more cost-effective than an appraisal, nearly all lenders still call for a local expert because the stakes are incredibly high. Is getting a mortgage the only reason to get an appraisal? Are there also instances when the services of a certified, independent real estate professional might come in handy? Of course.

Let Barnstable/Plymouth Appraisal Services assist you in lowering your mortgage payment

Dispute your tax assessment in County

It's possible you're paying too much in property taxes if you reside in an area where property values have declined. Ad Valorem taxes are based upon a past assessment of your real estate, so if prices are less than what they used to be in your area, you can challenge your assessment and save money. When building your case, an appraisal from us is your best evidence. We can assist you in challenging your tax assessment.

PMI removal to lower a mortgage payment

When the amount being loaned to the home owneris more than 80% of the actual value of the home, most lenders ask homeowners to buy this added insurance policy. That policy is Private Mortgage Insurance, or PMI. This extra payment is often lumped into the monthly mortgage payment and is soon forgotten. PMI isn't required when the remainder 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 installments when the loan-to-value ratio conditions have been met.

Barnstable/Plymouth Appraisal Services will give you a statement regarding the value of your home, and the cost of the appraisal can usually be recovered in a short amount of time because you'll no longer be paying the PMI.

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Settle a divorce with less stress

A divorce is a particularly traumatic experience for the parties involved, and it is often even more complicated by the strenuous decision of who maintains the home. Regardless of the circumstances, it's a good idea to order an appraisal from Barnstable/Plymouth Appraisal Services so both parties are entirely aware of the true market value of their house.

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 received a fair assessment.

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 residential property involved. We ensure the fullest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).

Unlike wealthy individuals, most Americans don't have dedicated estate planners or executors to handle these matters. And since a home or other property often makes up a disproportionate share of the total estate value, understanding the true value of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've received an honest deal.

Relocate to or from County for work

We know the headaches involved with an employee relocation. We take great care in establishing a convenient appointment time for the appraisal inspection. During our thorough inspection, we recommend 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.

Close on your home quickly — for an accurate price

A professional appraisal will help you make a more informed decision when determining your selling price, whether you choose 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, apart from real estate agents. Our fees aren't related to the sales price, but rather they depend on our efforts to finish the appraisal report.

We examine the difference in value things like an extra bathroom or a kitchen remodel can make on a daily basis. Obtaining a professional appraisal is a trusted way to determine 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 houses stay on the market.

Let Barnstable/Plymouth Appraisal Services assist you in selling your home quickly at the right price