Getting an appraisal from Appraise ColoradoTo a lot of us, an appraisal is simply a line item in the long list of items for a home sale or refinance. Even though there are an increasing number of automated home valuation systems that may seem more cost-effective than an appraisal, nearly all lenders still call for a local expert because the stakes are very high. But is securing a mortgage the only reason you should get an appraisal? Are there additional cases when the services of a certified, independent real estate professional might be helpful? Of course there are.
Challenge your tax assessment in Douglas CountyIf you reside in an area where the value of property has depreciated, it's possible you're paying too much in property taxes. When building your case, an appraisal from Appraise Colorado is your best evidence. We're capable of assisting you in challenging your tax assessment.
How can you do away with PMI to lower your mortgage payment?When the amount being loaned to the homebuyer is more than 80% of the actual value of the home, most lenders ask home owners to purchase an supplemental insurance policy. That policy is Private Mortgage Insurance, or PMI. More often than not, this extra payment is lumped into the monthly mortgage payment and is quickly forgotten. PMI isn't required when the remaining balance of the loan - whether through market appreciation or principal pay down - goes below the 80% level, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress that requires lenders to dismiss the PMI payments on most mortgages when the balance is paid down to 78% of the original value.
Appraise Colorado can provide you with a statement regarding the value of your home, and the expense of the home valuation can often be offset in just a few months because you'll no longer be paying the PMI.
Settling a divorce with less stress with an appraisal from Appraise ColoradoA divorce can be a particularly traumatic event for both parties, and it is often even more complicated by the burdensome decision of who gets the property. So both parties are fully aware of the true market value of their home, it's a good idea to order an appraisal from Appraise Colorado, regardless of the situation.
If the parties want to sell the home, they'll have a a good idea of what price to set. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation.
Fair and accurate estate liquidationLosing 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 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 maximum degree of discretion.
Most Americans do not have dedicated estate planners or executors to handle 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 value of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've gotten an honest deal.
Appraise Colorado can assist you in relocating to or from Douglas CountyEmployee relocation is a stressful event. We know where you're coming from. That being said, we take great care in setting up a convenient appointment time for the appraisal inspection. During our thorough process, we encourage employees that are moving to provide remarks on the positive features of their property, along with information regarding any recent sales or listings in their neighborhood that they want considered.
Sell your home quickly at the right price with an appraisal from Appraise ColoradoA professional appraisal will help you make a more informed decision when determining 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 price the house sells for, which is different than the interest of real estate agents. Our fees are calculated on our efforts to perform the appraisal report and and aren't related to the sales price.
On a daily basis, we analyze the difference in value things like an additional bathroom or a kitchen remodel can make. And we're experts in knowing how long homes are 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 for an extended amount of time.