Reasons you should order an appraisal from Appraise Colorado Inc
To many, an appraisal is simply a line item in the long list of items for a home sale or refinance. And while there are a multiplying number of automated home valuation processes that may appear to be cheaper than an appraisal, nearly all lenders still need a local expert because the stakes are very high. You might think that getting a mortgage is the only reason to get an appraisal, but there are other instances when the services of a licensed, independent real estate professional might be beneficial.
Contest your tax assessment
It's probable you're paying too much in property taxes if you reside in an area where property values have depreciated. Property taxes are based upon a past assessment of your house, so if values are less than what they used to be in your neighborhood, you can appeal your assessment and save money. An appraisal from Appraise Colorado Inc is your best evidence when building your case. At Appraise Colorado Inc, we're qualified to assist you in disputing your tax assessment.
Remove PMI to lower your mortgage payment
Private Mortgage Insurance, or PMI, is an additional insurance policy that nearly all lenders ask buyers to buy when the amount being loaned to the homebuyer is more than 80% of the actual value of the home. Oftentimes, this added payment is bundled into the monthly mortgage payment and is soon forgotten. PMI is unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - falls below the 80% mark, 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.
If you'd like to eliminate PMI, Appraise Colorado Inc will provide you with a statement regarding the value of your home. The expense of the appraisal can often be regained in little time because you'll no longer be paying the PMI.
Get your appraisal from Appraise Colorado IncOrder today
Get a clear valuation on a home take make a divorce settlement less stressful
A divorce is an especially horrible experience for the parties involved, and it is often even more complicated by the hard decision of who maintains the property. Regardless of the circumstances, it's a good idea to get an appraisal from Appraise Colorado Inc so both parties are completely aware of the true market value of their property.
The parties will have a better idea of what price to set, if they want to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair assessment.
Determine an accurate and fair valuation for estate liquidation
The loss of a loved one is a difficult 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 do not have dedicated estate planners or executors to manage these affairs, unlike many wealthy individuals. A home or other property often makes up an uneven share of the total estate value, so knowing the true worth of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've gotten an honest deal.
Move to or from Adams County for work
Employee relocation is a stressful event, and we understand. That being said, we take great care in setting up a convenient appointment time for the appraisal inspection. During our detailed inspection, we recommend relocating employees to provide remarks on the positive aspects of their property, as well as information regarding any new sales or listings in their area that they want considered.
Close on your home promptly — at the right price
A 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. Apart from a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees aren't a percentage of the sales price, but rather they are calculated on our efforts to finish the appraisal report.
We analyze 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 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 properties are one the market.