Getting an appraisal from Appraisals and Consultation IncorporatedTo many, an appraisal just looks like a line item in the long list of items for a mortgage or refinance. The majority of lenders still need a local expert because the stakes are very high, even though there are a growing number of automated home valuation systems that may appear more economical than an appraisal. But is obtaining a mortgage the only reason to get an appraisal? Are there additional situations when the services of a certified, independent real estate professional could be beneficial? Of course there are.
Dispute your tax assessment in Carroll CountyIt'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 previous assessment of your house, so if prices have declined in your area, you can challenge your assessment and save money. An appraisal from Appraisals and Consultation Incorporated is your best evidence when building your case. We're capable of assisting you in appealing your tax assessment.
Removing PMI will lower your mortgage paymentPrivate Mortgage Insurance, or PMI, is an extra insurance plan that nearly all lenders ask buyers to buy when the amount being loaned to the home owner is more than 80% of the actual value of the property. Seeing that added payment is usually folded into the monthly mortgage payment, it is often forgotten. PMI isn't required when the remaining balance of the loan - whether through market appreciation or principal pay down - dips below the 80% mark, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was approved by the United States Congress that requires lenders to remove the PMI installments when the balance is paid down to 78% of the original value.
Appraisals and Consultation Incorporated will provide you with a statement regarding the value of your home, and the cost of the home valuation can generally be regained in little time because you'll no longer be paying the PMI.
An appraisal from Appraisals and Consultation Incorporated will help you settle a divorce with less stressA divorce is an especially heartbreaking experience for the parties involved, and it is often even more complicated by the difficult decision of who maintains the property. So both parties are completely aware of the true market value of their home, it's a good idea to order an appraisal from Appraisals and Consultation Incorporated, regardless of the circumstances.
The parties will have a better idea of what price to set, if they need to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.
Fair and accurate estate liquidation with help from Appraisals and Consultation IncorporatedSettling an estateThe death 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 real estate involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the highest degree of discretion.
Most Americans do not have dedicated estate planners or executors to manage these issues, unlike wealthier individuals. A home or other property often makes up a disproportionate share of the total estate value, so knowing the true value of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've gotten a fair deal.
Relocating to or from Carroll CountyMoving due to a job change can be a more than just an inconvenience, and we understand. That being said, we take great care in organizing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive aspects of their property, as well as information about any new sales or listings in their area that they want considered during our intensive process.
Selling your home quickly at the right priceA professional appraisal can help you make a better educated decision regarding your asking price, whether you want to sell your home on your own or use the assistance of a real estate agent. An appraiser has no vested interest in what amount the house sells for, which is different than the interest of real estate agents. The price we charge isn't a percentage of the sales price, but rather they depend on our efforts to finish the appraisal.
We determine the difference in value items like an extra bathroom or a kitchen remodel can make on a daily basis. 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 houses are one the market.