6 Reasons to order an appraisal from Amerappraise, LLC
To a lot of people, an appraisal is simply another cost in the long list of items for a mortgage or refinance. Even though there are a growing number of automated home valuation systems that may seem more cost-effective than an appraisal, most lenders still call for a local expert because the stakes are incredibly high. You might assume that obtaining a mortgage is the only reason to acquire an appraisal, but there are other situations when the services of a licensed, independent real estate professional could be beneficial.
Contest your tax assessment in New Castle County
If you reside 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. We can assist you in appealing your tax assessment.
Remove PMI to lower your mortgage payment
When the amount being loaned to the home owneris more than 80% of the actual value of the home, almost all lenders ask homebuyers to buy this additional insurance policy. That policy is Private Mortgage Insurance, or PMI. This additional payment is often bundled into the monthly mortgage payment and is promptly forgotten. PMI is unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - dips below the 80% level, making this very unfortunate. 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 give you a statement regarding the value of your home, and the expense of the home valuation can often 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 a very daunting event for the parties involved, and it is often further complicated by the burdensome decision of who gets the house. So both parties are entirely aware of the true market value of their house, it's a good idea to get an appraisal from Amerappraise, LLC, regardless of the circumstances.
If the parties want to sell the home, they'll have a better 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.
Accurate and fair estate liquidation
The loss 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 real estate involved. We ensure the fullest 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 handle these matters. And seeing that a home or other property often makes up an uneven share of the total estate value, understanding the true value of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've received a fair deal.
Move to or from New Castle County through an employee relocation program
We are familiar with the headaches associated with an employee relocation. That's why we take great care in organizing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive characteristics of their property, along with information about any recent sales or listings in their area that they want considered during our detailed inspection.
Close on your home quickly — for the right price
Whether you decide to sell your home on your own or with the help of a real estate agent, a professional appraisal can help you make a better educated decision when determining your selling price. Apart from a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees aren't related to the sales price, but rather they are based on our efforts to complete the appraisal report.
We examine the difference in value things like an extra bathroom or a kitchen remodel can make on a daily basis. Getting 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 properties are one the market.