Reasons to consider an appraisal from Race Appraisal Services, LLC
To a lot of us, an appraisal just looks like another fee on the break-sheet for a home purchase or refinance. Most lenders still want a local expert because the stakes are incredibly high, even though there are a multiplying number of automated home valuation systems that may appear more cost-effective than an appraisal. You might assume that securing a mortgage is the only reason you should get an appraisal, but there are additional instances when the services of a licensed, independent real estate professional might be helpful.
Dispute your tax assessment in Hampden County
If you live 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 us is your best evidence. At Race Appraisal Services, LLC, we're equipped to assist you in challenging your tax assessment.
PMI removal to lower your mortgage payment
When the amount being loaned to the homeowneris more than 80% of the actual value of the home, nearly all lenders ask home owners to buy this extra insurance plan. That policy is Private Mortgage Insurance, or PMI. Seeing that added payment is usually bundled into the monthly mortgage payment, it is often forgotten. This is damaging because PMI isn't required when the remainder of the loan - whether through market appreciation or principal pay down - falls below the 80% mark. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to dismiss the PMI installments when the loan-to-value ratio conditions have been met.
If you'd like to get rid of PMI, Race Appraisal Services, LLC will produce a statement regarding the value of your home. The price you paid for the home valuation can generally be recovered in a short amount of time because you'll no longer be paying the PMI.
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Settle a divorce with fewer hang-ups
A divorce is often complicated by the challenging decision of who gets the home, and it can be an especially daunting ordeal for both parties. So both parties are entirely aware of the true market value of their property, 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 a good idea of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.
Ascertain a fair and accurate valuation for estate liquidation
The death of a loved one is a difficult time in life, and settling an estate from a death, or probate, often entails 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 utmost degree of discretion.
Unlike wealthier individuals, most Americans do not have dedicated estate planners or executors to take care of these matters. A home or other property often makes up an unequal share of the total estate value, so knowing the true worth of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've received a fair deal.
Relocate to or from Hampden County through an employee relocation program
We know the headaches associated 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 features of their property, as well as information regarding any recent sales or listings in their neighborhood that they want considered during our thorough inspection.
Sell your home quickly — for an accurate price
A professional appraisal can help you make a better educated decision when determining your selling price, whether you want to sell your home on your own or use the assistance of a real estate agent. An appraiser has no vested interest in what amount the house sells for, unlike real estate agents. Our fees depend on our efforts to complete the appraisal report and not a percentage of the sales price.
On a daily basis, we determine the difference in value items like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long housesare on the market. So, seeking 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.
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