Why you should get an appraisal from A.C. Read Appraisal ServiceTo many, an appraisal is simply another cost on the settlement sheet for a mortgage or refinance. While there are a growing number of automated home valuation methods that may appear to be less expensive than an appraisal, most lenders still need a local expert because the stakes are so high. You might assume that getting a mortgage is the only reason to get an appraisal, but there are additional cases when the services of a certified, independent real estate professional might be helpful.
Challenge your tax assessment in Monroe CountyIt's possible 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 past assessment of your home, so if prices have declined in your area, you can appeal your assessment and save money. An appraisal from A.C. Read Appraisal Service is your best evidence when building your case. We're equipped to assist you in disputing your tax assessment.
Removing PMI will lower your mortgage paymentWhen the amount being loaned to the buyer is more than 80% of the actual value of the home, most lenders ask homeowners to buy an supplemental insurance plan. That policy is Private Mortgage Insurance, or PMI. Seeing that additional payment is usually folded into the monthly mortgage payment, it is often forgotten. This is bad 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 Homeowners Protection Act (HPA) of 1998 was approved by the United States Congress requiring lenders to eliminate the PMI installments when the balance is paid down to 78% of the original value.
If you'd like to do away with PMI, A.C. Read Appraisal Service can give you a statement regarding the value of your home. The expense of the home valuation can often be recovered in just a few months because you'll no longer be paying the PMI.
Settling a divorce with less stress with an appraisal from A.C. Read Appraisal ServiceA divorce can be a particularly daunting experience for both parties, and it is often more complicated by the challenging decision of who gets the property. It's a good idea to get an appraisal from A.C. Read Appraisal Service so both parties are completely aware of the true market value of their home, regardless of the situation.
If the parties wish to sell the home, they'll have a clearer picture of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation.
Accurate and fair estate liquidation with help from A.C. Read Appraisal ServiceSettling an estateThe death of a loved one is a hard 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, guaranteeing the utmost degree of discretion.
Most Americans don't have dedicated estate planners or executors to manage these matters, unlike many wealthy individuals. And since a home or other property often makes up a disproportionate share of the total estate value, knowing the certain value of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've received an honest deal.
Let A.C. Read Appraisal Service assist you in relocating to or from Monroe CountyMoving due to a job change is a more than just an inconvenience. We know where you're coming from. That's why we take great care in organizing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive features of their property, along with information about any current sales or listings in their neighborhood that they want considered during our thorough process.
Sell your home quickly at the right priceA professional appraisal can 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. Unlike a real estate agent, an appraiser has no vested interest in what price the house sells for. The price we charge isn't contingent upon the value opinion we render, but rather they are calculated on our efforts to complete the appraisal.
We examine the difference in value items like an extra bathroom or a kitchen remodel can make on a daily basis. Getting 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 homes stay on the market.