Reasons to order an appraisalMany people may consider an appraisal just one more thing on the settlement sheet for a mortgage or refinance. And while there are an increasing number of automated home valuation processes that may appear more practical than an appraisal, almost all lenders still want a local expert because the stakes are so high. But is securing a mortgage the only reason to get an appraisal? Are there also situations when the services of a certified, independent real estate professional could be helpful? Absolutely.
Let Carleton & Wines, LLC help you challenge your tax assessment.
If you live in an area where the value of property has declined, it's possible you're paying too much in property taxes. When building your case, an appraisal from Carleton & Wines, LLC is your best evidence. At Carleton & Wines, LLC, we're qualified to assist you in appealing your tax assessment.
Carleton & Wines, LLC can help you eliminate PMI to lower your mortgage paymentWhen the amount being loaned to the home owner is more than 80% of the actual value of the real estate, most lenders ask buyers to take out an extra insurance policy. That policy is Private Mortgage Insurance, or PMI. Since the added payment is usually lumped into the monthly mortgage payment, it is often forgotten. This is unfavorable because PMI isn't required when the leftover balance of the loan - whether through market appreciation or principal pay down - goes below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was approved by the United States Congress requiring lenders to eliminate the PMI payments when the balance is paid down to 78% of the original value.
If you'd like to get rid of PMI, Carleton & Wines, LLC can produce a statement regarding the value of your home. The expense of the home valuation can generally be regained in little time because you'll no longer be paying the PMI.
Divorce settlement with less stressA divorce is often complicated by the strenuous decision of who keeps the house, and it can be a very heartbreaking ordeal for both parties. So both parties are fully aware of the true market value of their property, it's a good idea to get an appraisal from Carleton & Wines, LLC, regardless of the circumstances.
The parties will have a a good idea of what price to set, if they need to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation.
Settling an estate with peace of mindLosing a loved one is a painful time in life, and settling an estate from a death, or probate, often entails 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 utmost degree of discretion.
Most Americans don't have dedicated estate planners or executors to handle these matters, unlike 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 vital importance to ensuring disputing parties leave knowing they've gotten an honest deal.
Let Carleton & Wines, LLC help you with relocating to or from Delaware CountyMoving due to a job change is a real pain, and we understand. That being said, we take great care in setting up an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive features of their property, as well as information about any recent sales or listings in their area that they want considered during our thorough process.
Selling your home quickly at the right priceA professional appraisal will help you make a more informed decision regarding your selling price, whether you want to sell your home on your own or with the help of a real estate agent. Separate from a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees depend on our efforts to finish the appraisal report and not a percentage of the sales price.
On a daily basis, we analyze the difference in value things like an additional bathroom or a kitchen remodel can make. Getting a professional appraisal is a reliable way to decide what improvements will add value and what an applicable 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.