Reasons to choose an appraisal from Barnstable/Plymouth Appraisal Services
Every year, thousands of people in Massachusetts buy, sell or refinance their home. Most of these transactions include a simple line item for an appraisal. Nearly all lenders still want a local expert because the stakes are so high, even though there are a multiplying number of automated home valuation processes that may appear to be more economical than an appraisal. You might believe that securing a mortgage is the only reason you should get an appraisal, but there are other situations when the services of a certified, independent real estate professional might be beneficial.
Contest your tax assessment in Barnstable County
It's probable 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 previous assessment of your real estate, so if values have gone down in your area, you can challenge your assessment and save money. When building your case, an appraisal from us is your best evidence. 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 added insurance plan that many lenders ask buyers to buy when the amount being loaned to the homebuyer is more than 80% of the actual value of the property. Most often, this added payment is bundled into the monthly mortgage payment and is quickly forgotten. PMI becomes unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - falls below the 80% mark, making this very unfortunate. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress requiring lenders to remove the PMI installments when the loan-to-value ratio conditions have been met.
Barnstable/Plymouth Appraisal Services can provide you with a statement regarding the value of your home, and the price you paid for the appraisal can generally be offset in little time because you'll no longer be paying the PMI.
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Get a fair valuation on a home for divorce settlements
A divorce is a particularly traumatic ordeal for the parties involved, and it is often even more complicated by the difficult decision of who maintains the house. Regardless of the situation, it's a good idea to order an appraisal from Barnstable/Plymouth Appraisal Services so both parties are completely aware of the true market value of their home.
The parties will have a better idea of what price to set, if they wish to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.
Determine a fair and accurate valuation for estate liquidation
Losing a loved one is a painful time in life, and settling an estate from a death, or probate, often calls for an appraisal to establish Fair 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 fullest degree of discretion.
Most Americans don't have dedicated estate planners or executors to take care of these affairs, unlike wealthier individuals. And since a home or other property often makes up an unequal share of the total estate value, understanding the true value of the real estate at hand is of significant importance to ensuring disputing parties leave knowing they've gotten a fair deal.
Relocate to or from Barnstable County for work
We understand the stress involved with an employee relocation. That being said, we take great care in establishing an accommodating appointment time for the appraisal inspection. During our detailed inspection, we encourage relocating employees to provide remarks on the positive aspects of their property, along with information regarding any new sales or listings in their area that they want considered.
Close on your home promptly — for the right price
Whether you choose to sell your home on your own or use the assistance of a real estate agent, a professional appraisal can help you make a more informed decision regarding your asking price. Apart from a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees rest on our efforts to finish the appraisal report and and aren't related to the sales price.
We examine the difference in value things like an additional bathroom or a kitchen remodel can make on a daily basis. Seeking a professional appraisal is a trusted 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.