Reasons to get an appraisal from Amerappraise, LLC
To a lot of people, an appraisal is simply a line item on the settlement sheet for a home sale or refinance. And even though there are a multiplying number of automated home valuation methods that might seem more practical than an appraisal, nearly all lenders still call in a local expert because the stakes are very high. You might think that obtaining a mortgage is the only basis for getting an appraisal, but there are additional times when the services of a certified, independent real estate professional might be beneficial.
Challenge your tax assessment
It's probable you're paying too much in property taxes if you live in an area where property values have declined. Ad Valorem taxes are determined by a past assessment of your home, so if values have gone down in your neighborhood, you can appeal your assessment and save money. An appraisal from Amerappraise, LLC is your best evidence when building your case. We're equipped to assist you in challenging your tax assessment.
Removing PMI for mortgage payments
When the amount being loaned to the buyeris more than 80% of the actual value of the property, many lenders ask buyers to take out this additional insurance policy. That policy is Private Mortgage Insurance, or PMI. This added payment is often lumped into the monthly mortgage payment and is promptly forgotten. PMI isn't necessary when the remaining balance of the loan - whether through market appreciation or principal pay down - falls below the 80% level, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress that requires lenders to remove the PMI installments when the loan-to-value ratio conditions have been met.
If you'd like to eliminate PMI, Amerappraise, LLC can give you a statement regarding the value of your home. The price you paid for the appraisal can usually be regained in a short amount of time because you'll no longer be paying the PMI.
Order an appraisal from Amerappraise, LLCOrder online
Settle a divorce with less stress
A divorce is a particularly daunting experience for the parties involved, and it is often even more complicated by the hard decision of who maintains the house. Regardless of the situation, it's a good idea to order an appraisal from Amerappraise, LLC so both parties are fully aware of the true market value of their property.
The parties will have a a good idea of what price to set, if they want to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.
Accurate and fair estate liquidation
The loss 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. We ensure the maximum degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Unlike many wealthy individuals, most Americans do not have dedicated estate planners or executors to handle these matters. And since a home or other property often makes up a disproportionate share of the total estate value, understanding the true value of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've received a fair deal.
Move to or from New Castle County for work
Employee relocation can be a stressful event, and we understand. That being said, we take great care in establishing 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 about any recent sales or listings in their area that they want considered during our intensive inspection.
Sell your home quickly — at the right price
Whether you choose to sell your home on your own or use the assistance of a real estate agent, a professional appraisal can help you make a more informed decision regarding your selling price. An appraiser has no vested interest in what price the house sells for, apart from real estate agents. Our fees depend on our efforts to complete the appraisal report and not a percentage of the sales price.
We examine the difference in value things like an extra bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long propertiesare on the market. So, 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.