Reasons to get an appraisal

To many, an appraisal just looks like a line item on the settlement sheet for a home purchase or refinance. While there are a budding number of automated home valuation methods that may appear cheaper than an appraisal, most lenders still need a local expert because the stakes are so high. But is getting a mortgage the only reason to acquire an appraisal? Are there more cases when the services of a licensed, independent real estate professional might come in handy? You bet.


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Let Serviced Appraisals help you appeal your tax assessment in Saint Charles County

It's probable you're paying too much in property taxes if you live in an area where property values have depreciated. Property taxes are determined by a previous assessment of your home, so if prices have declined in your area, you can appeal your assessment and save money. An appraisal from Serviced Appraisals is your best evidence when building your case. At Serviced Appraisals,we can assist you in appealing your tax assessment.

Serviced Appraisals can help you do away with PMI to lower your mortgage payment

When the amount being loaned to the buyer is more than 80% of the actual value of the real estate, nearly all lenders ask home buyers to buy an additional insurance policy. That policy is Private Mortgage Insurance, or PMI. This extra payment is often folded into the monthly mortgage payment and is promptly forgotten. This is unfavorable because PMI isn't necessary when the remaining balance of the loan - whether through market appreciation or principal pay down - falls below the 80% mark. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to remove the PMI installments when the loan-to-value ratio conditions have been met.

Serviced Appraisals can provide you with a statement regarding the value of your home, and the expense of the appraisal can generally be offset in a short amount of time because you'll no longer be paying the PMI.

An appraisal from Serviced Appraisals will help you settle a divorce with less stress

A divorce is often complicated by the troublesome decision of who keeps the house, and it can be a particularly heartbreaking ordeal for both parties. Regardless of the circumstances, it's a good idea to order an appraisal from Serviced Appraisals so both parties are fully aware of the true market value of their property.

If the parties want 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 evaluation.

Fair and accurate estate liquidation with help from Serviced AppraisalsSettling an estate

The 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 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.

Unlike wealthy individuals, most Americans do not have dedicated estate planners or executors to manage these issues. And since a home or other property often makes up an unequal share of the total estate value, understanding the correct value of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've received an honest deal.

Serviced Appraisals can help you with relocating to or from Saint Charles County

Employee relocation can be a stressful event, and we understand. That being said, we take great care in organizing a convenient appointment time for the appraisal inspection. During our intensive process, we encourage employees that are moving to provide feedback on the positive attributes of their property, as well as information about any recent sales or listings in their area that they want considered.

Sell your home quickly at the right price

A professional appraisal will help you make a better educated decision regarding your asking price, whether you choose to sell your home on your own or use the assistance of a real estate agent. Separate from a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees aren't contingent upon the value we report, but rather they depend on our efforts to finish the appraisal.

On a daily basis, we determine the difference in value items like an additional bathroom or a kitchen remodel can make. Getting 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 properties are one the market.

Paying PMI?

Would you like to save money by not having to pay for Private Mortgage Insurance? We can help. Simply fill out the form below as completely as possible and we'll send you information on how to save PMI expenses, with no obligation to you. We guarantee your privacy.