Reasons to order an appraisal from Amerappraise, LLC
To a lot of people, an appraisal is simply a line item in the long list of items for a home purchase or refinance. And even though there are a growing number of automated home valuation systems that might appear more economical than an appraisal, most lenders still call for a local expert because the stakes are very high. You might assume that obtaining a mortgage is the only reason you should get an appraisal, but there are additional times when the services of a certified, independent real estate professional could be beneficial.
Dispute your tax assessment in New Castle County
If you are in an area where the property value has declined, it's possible you're paying too much in property taxes. An appraisal from Amerappraise, LLC is your best evidence when building your case. We can assist you in challenging your tax assessment.
PMI removal to reduce your mortgage payment
Private Mortgage Insurance, or PMI, is an additional insurance policy that almost all lenders ask buyers to purchase when the amount being loaned to the homeowner is more than 80% of the actual value of the property. More often than not, this additional payment is lumped into the monthly mortgage payment and is soon forgotten. PMI is unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - goes below the 80% level, making this very unfavorable. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) requiring 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, Amerappraise, LLC can give you a statement regarding the value of your home. The expense of the appraisal can generally be regained 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 troublesome decision of who maintains the house, and it can be a very traumatic experience for both parties. It's a good idea to get an appraisal from Amerappraise, LLC so both parties are completely aware of the true market value of their home, regardless of the circumstances.
If the parties wish to sell the home, they'll have a better idea of what price to set. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.
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 entails an appraisal to establish Fair Market Value for the residential property involved. We ensure the highest 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 don't have dedicated estate planners or executors to manage these affairs. A home or other property often makes up a disproportionate share of the total estate value, so understanding the true worth of the real estate at hand is of significant importance to ensuring disputing parties leave knowing they've received an honest deal.
Move to or from New Castle County through an employee relocation program
Employee relocation is a stressful event, and we understand. That's why we take great care in organizing a convenient appointment time for the appraisal inspection. During our detailed inspection, we suggest relocating employees to provide feedback 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 price
A professional appraisal will help you make a more informed decision regarding your asking price, whether you decide to sell your home on your own or use the assistance of a real estate agent. Apart from a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees are calculated on our efforts to complete the appraisal report and and aren't related to the sales price.
On a daily basis, we determine the difference in value things like an additional bathroom or a kitchen remodel can make. Seeking a professional appraisal is a reliable way to decide 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 properties stay on the market.