Reasons to order an appraisal from Race Appraisal Services, LLCTo a lot of us, an appraisal is simply a line item on the break-sheet for a home purchase or refinance. The majority of lenders still call for a local expert because the stakes are very high, even though there are a budding number of automated home valuation processes that might appear less expensive than an appraisal. You might assume that securing a mortgage is the only reason to get an appraisal, but there are more instances when the services of a licensed, independent real estate professional might be beneficial. 
Appeal your tax assessmentIt's possible 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 real estate, so if values are less than what they used to be in your area, you can challenge your assessment and save money. An appraisal from Race Appraisal Services, LLC is your best evidence when building your case. We're equipped to assist you in challenging your tax assessment. Eliminating PMI for mortgage paymentsWhen the amount being loaned to the buyeris more than 80% of the actual value of the home, almost all lenders ask buyers to buy this extra insurance policy. That policy is Private Mortgage Insurance, or PMI. This extra payment is often bundled into the monthly mortgage payment and is promptly forgotten. This is unfortunate because PMI is no longer required when the leftover balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was invoked by the United States Congress that requires lenders to eliminate the PMI installments when the loan-to-value ratio conditions have been met. If you'd like to eliminate PMI, Race Appraisal Services, LLC can give you a statement regarding the value of your home. The price you paid for the appraisal can often be offset in just a few months because you'll no longer be paying the PMI. Order your appraisal from Race Appraisal Services, LLC today Order todayGet a clear valuation on a home take make a divorce settlement less stressfulA divorce can be a very horrible event for both parties, and it is often more complicated by the difficult decision of who gets the house. So both parties are completely aware of the true market value of their home, it's a good idea to get an appraisal from Race Appraisal Services, LLC, regardless of the circumstances. If the parties need to sell the home, they'll have a clearer picture of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation. Fair and accurate estate liquidationThe loss 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 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 manage 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 an honest deal. Move to or from Hampden County for workWe are aware of the headaches involved with an employee relocation. That's why we take great care in establishing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive aspects of their property, along with information regarding any recent sales or listings in their area that they want considered during our detailed inspection. Close on your home quickly — at the right priceA professional appraisal will help you make a better educated decision regarding 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, unlike real estate agents. Our fees depend on our efforts to finish 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. Getting a professional appraisal is a trusted way to determine what improvements will add value and what a suitable 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 are one the market. 
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