Why you should get an appraisalTo many, an appraisal just looks like another fee on the break-sheet for a home purchase or refinance. Most lenders still call in a local expert because the stakes are incredibly high, even though there are a budding number of automated home valuation processes that may appear to be cheaper than an appraisal. But is getting a mortgage the only reason to get an appraisal? Are there other instances when the services of a certified, independent real estate professional could be helpful? Of course there are.
Let Great Atlantic Appraisals help you challenge your tax assessment in Cumberland CountyIf you reside 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 Great Atlantic Appraisals is your best evidence. At Great Atlantic Appraisals, we're equipped to assist you in disputing your tax assessment.
Great Atlantic Appraisals can help you get rid of 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, nearly all lenders ask homeowners to purchase an added insurance plan. That policy is Private Mortgage Insurance, or PMI. Seeing that additional payment is usually lumped into the monthly mortgage payment, it is often forgotten. This is unfortunate because PMI isn't necessary when the leftover balance of the loan - whether through market appreciation or principal pay down - dips below the 80% level. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to do away with the PMI payments when the loan-to-value ratio conditions have been met.
If you'd like to eliminate PMI, Great Atlantic Appraisals can give you a statement regarding the value of your home. The cost of the home valuation can generally be offset in just a few months because you'll no longer be paying the PMI.
An appraisal from Great Atlantic Appraisals will help you settle a divorce with less stressA divorce is often complicated by the hard decision of who keeps the property, and it can be a very heartbreaking occurrence for both parties. So both parties are completely aware of the true market value of their property, it's a good idea to get an appraisal from Great Atlantic Appraisals, regardless of the circumstances.
The parties will have a good 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 received a fair assessment.
Settling an estate with peace of mindThe death of 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, guaranteeing the maximum degree of discretion.
Unlike wealthier individuals, most Americans don't have dedicated estate planners or executors to manage these matters. And since a home or other property often makes up an uneven share of the total estate value, knowing the correct value of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've gotten a fair deal.
Great Atlantic Appraisals can help you with relocating to or from Cumberland CountyWe understand the stress involved with an employee relocation. That being said, we take great care in organizing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive aspects of their property, as well as information regarding any recent sales or listings in their area that they want considered during our intensive process.
Selling your home quickly at the right price with an appraisal from Great Atlantic AppraisalsA professional appraisal will help you make a better educated decision regarding your selling price, whether you choose to sell your home on your own or with the help of a real estate agent. With much different interests than a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees are calculated 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 homes stay on the market. So, obtaining 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 for an extended amount of time.