Why you should order an appraisalTo a lot of us, an appraisal just looks like another fee on the settlement sheet for a home sale or refinance. And even though there are a budding number of automated home valuation processes that may appear more practical than an appraisal, nearly all lenders still want a local expert because the stakes are very high. Is getting a mortgage the only reason you should get an appraisal? Are there other cases when the services of a licensed, independent real estate professional might come in handy? Absolutely. 
Dispute your tax assessmentIf you are in an area where property values have depreciated, it's possible you're paying too much in property taxes. When building your case, an appraisal from us is your best evidence. We're equipped to assist you in challenging your tax assessment. Removing PMI for mortgage paymentsPrivate Mortgage Insurance, or PMI, is an additional insurance plan that many lenders ask homebuyers to buy when the amount being loaned to the homebuyer is more than 80% of the actual value of the real estate. Oftentimes, this added payment is bundled into the monthly mortgage payment and is soon forgotten. This is damaging because PMI becomes unnecessary 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 passed a law in 1998 (the Homeowners Protection Act of 1998) 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, REVARI (Real Estate Valuation and Research Inc.) can provide you with a statement regarding the value of your home. The price you paid for the home valuation can generally be offset in just a few months because you'll no longer be paying the PMI. Get your appraisal from REVARI (Real Estate Valuation and Research Inc.) Order onlineSettle a divorce with fewer hang-upsA divorce can be an especially horrible experience for both parties, and it is often more complicated by the burdensome decision of who gets the property. Regardless of the circumstances, it's a good idea to order an appraisal from REVARI (Real Estate Valuation and Research Inc.) so both parties are completely aware of the true market value of their house. 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 gotten a fair assessment. Determine an accurate and fair valuation for estate liquidationThe loss of a loved one is a difficult time in life, and settling an estate from a death, or probate, often requires 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 fullest degree of discretion. Unlike wealthy individuals, most Americans don't have dedicated estate planners or executors to take care of these affairs. 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. Relocate to or from Sullivan County for workEmployee relocation can be a stressful event, and we understand. That's why we take great care in setting up an accommodating appointment time for the appraisal inspection. During our intensive inspection, we recommend relocating employees to provide remarks on the positive attributes of their property, as well as information about any current sales or listings in their area that they want considered. Sell your home quickly — for the right priceWhether you choose to sell your home on your own or use the assistance of a real estate agent, a professional appraisal will help you make a more informed decision regarding your asking price. 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 and aren't related to the sales price. On a daily basis, we examine the difference in value items like an additional bathroom or a kitchen remodel can make. 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 an unnecessarily long time, because we're experts in knowing how long homes stay on the market. 
|