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Why you should get an appraisal from Amerappraise, LLC

To many, an appraisal just looks like a line item in the long list of items for a home purchase or refinance. Even though there are a developing number of automated home valuation methods that may appear to be cheaper than an appraisal, practically all lenders still call in a local expert because the stakes are incredibly high. Is getting a mortgage the only reason to get an appraisal? Are there additional cases when the services of a certified, independent real estate professional might be beneficial? You bet.

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Dispute your tax assessment

If you live in an area where the property value has declined, it's possible you're paying too much in property taxes. When building your case, an appraisal from us is your best evidence. At Amerappraise, LLC, we're capable of assisting you in appealing your tax assessment.

Eliminating PMI for mortgage payments

When the amount being loaned to the home owneris more than 80% of the actual value of the home, almost all lenders ask buyers to take out this extra insurance plan. That policy is Private Mortgage Insurance, or PMI. Since the additional payment is usually folded into the monthly mortgage payment, it is often forgotten. This is damaging because PMI isn't necessary when the leftover balance of the loan - whether through market appreciation or principal pay down - falls below the 80% level. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to dismiss the PMI payments when the loan-to-value ratio conditions have been met.

Amerappraise, LLC can produce a statement regarding the value of your home, and the expense of the appraisal 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 less stress

A divorce is often complicated by the hard decision of who gets the property, and it can be a particularly daunting occurrence for both parties. It's a good idea to get an appraisal from Amerappraise, LLC so both parties are entirely aware of the true market value of their house, regardless of the circumstances.

If the parties wish 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 evaluation.

Fair and accurate estate liquidation

The death of 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 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.

Most Americans do not have dedicated estate planners or executors to take care of these issues, unlike wealthier individuals. And since a home or other property often makes up an unequal share of the total estate value, knowing the true value of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've received an honest deal.

Relocate to or from New Castle County through an employee relocation program

Employee relocation can be a stressful event, and we understand. We take great care in organizing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive characteristics of their property, along with information regarding any recent sales or listings in their area that they want considered during our thorough inspection.

Close on your home promptly — for the right price

Whether you decide 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 selling price. Apart from a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees depend on our efforts to finish the appraisal report and not a percentage of the sales price.

We examine the difference in value things like an additional bathroom or a kitchen remodel can make on a daily basis. Obtaining a professional appraisal is a reliable 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 stay on the market.

Let Amerappraise, LLC help you sell your home quickly at the right price