Reasons to order an appraisal from Barnstable/Plymouth Appraisal ServicesEvery year, thousands of people in Massachusetts purchase, sell or refinance their home. Many of these transactions have a simple line item for an appraisal. Most lenders still need a local expert because the stakes are so high, even though there are a multiplying number of automated home valuation processes that might appear more prudent than an appraisal. You might assume that obtaining a mortgage is the only reason to get an appraisal, but there are other situations when the services of a licensed, independent real estate professional could be helpful. 
Challenge your tax assessment in CountyIf you are 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. At Barnstable/Plymouth Appraisal Services, we're capable of assisting you in challenging your tax assessment. Getting rid of your PMI for mortgage paymentsWhen the amount being loaned to the buyeris more than 80% of the actual value of the real estate, nearly all lenders ask homeowners to purchase this added insurance policy. That policy is Private Mortgage Insurance, or PMI. This added payment is often folded into the monthly mortgage payment and is promptly forgotten. This is bad because PMI is no longer required when the remainder of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress that requires lenders to eliminate the PMI installments when the loan-to-value ratio conditions have been met. If you'd like to do away with PMI, Barnstable/Plymouth Appraisal Services will give you a statement regarding the value of your home. The cost of the appraisal can usually be regained in little time because you'll no longer be paying the PMI. Get your appraisal from Barnstable/Plymouth Appraisal Services Order todayGet a fair valuation on a home for divorce settlementsA divorce is often complicated by the challenging decision of who keeps the home, and it can be a particularly traumatic experience for both parties. So both parties are entirely aware of the true market value of their property, it's a good idea to order an appraisal from Barnstable/Plymouth Appraisal Services, regardless of the situation. 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 received a fair assessment. Determine an accurate and fair valuation for estate liquidationThe loss of a loved one is a hard time in life, and settling an estate from a death, or probate, often calls for an appraisal to establish Fair Market Value for the residential property involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the fullest degree of discretion. Most Americans don't have dedicated estate planners or executors to handle these matters, unlike wealthier individuals. And seeing that a home or other property often makes up an unequal share of the total estate value, knowing the true value of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've gotten an honest deal. Move to or from County for workWe are familiar with the headaches associated with an employee relocation. That's why we take great care in establishing a convenient appointment time for the appraisal inspection. During our intensive inspection, we encourage relocating employees to provide input on the positive attributes of their property, as well as information regarding any recent sales or listings in their area that they want considered. Sell your home promptly — at the right priceA professional appraisal will help you make a more informed decision regarding your asking price, whether you decide 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, unlike real estate agents. Our fees rest on our efforts to complete the appraisal report and not a percentage of the sales price. On a daily basis, we examine the difference in value things like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long homesare on the market. So, 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. 
|