6 Reasons to order an appraisal from David Hesidenz Appraisals
Thousands of people in Pennsylvania purchase, sell or refinance their home every year. Many of these transactions consist of a simple line item for an appraisal. Most lenders still need a local expert because the stakes are very high, even though there are a budding number of automated home valuation processes that may appear more cost-effective than an appraisal. Is obtaining a mortgage the only reason you should get an appraisal? Are there also cases when the services of a certified, independent real estate professional might be helpful? You bet there are.
Dispute 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 previous assessment of your real estate, so if values have declined in your area, you can challenge your assessment and save money. An appraisal from David Hesidenz Appraisals is your best evidence when building your case. We can assist you in challenging your tax assessment.
Eliminate PMI to lower your mortgage payment
Private Mortgage Insurance, or PMI, is an additional insurance policy that nearly all lenders ask homebuyers to buy when the amount being loaned to the buyer is more than 80% of the actual value of the property. Oftentimes, this extra payment is lumped into the monthly mortgage payment and is promptly forgotten. This is unfortunate because PMI isn't required when the leftover balance of the loan - whether through market appreciation or principal pay down - dips below the 80% mark. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to remove the PMI payments when the loan-to-value ratio conditions have been met.
If you'd like to get rid of PMI, David Hesidenz Appraisals will give you a statement regarding the value of your home. The price you paid for the appraisal can often be offset in just a few months because you'll no longer be paying the PMI.
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Get a clear valuation on a home for divorce settlements
A divorce is an especially horrible experience for the parties involved, and it is often further complicated by the challenging decision of who maintains the house. It's a good idea to order an appraisal from David Hesidenz Appraisals so both parties are entirely aware of the true market value of their house, regardless of the circumstances.
The parties will have a clearer picture of what price to set, if they need to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.
Fair and accurate estate liquidation
Losing 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 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 wealthier individuals, most Americans do not have dedicated estate planners or executors to manage these matters. A home or other property often makes up a disproportionate share of the total estate value, so knowing the true worth of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've gotten a fair deal.
Move to or from Butler County through an employee relocation program
We are familiar with the stress associated with an employee relocation. That being said, we take great care in setting up an accommodating appointment time for the appraisal inspection. During our detailed inspection, we recommend relocating employees to provide remarks on the positive aspects of their property, along with information about any new sales or listings in their area that they want considered.
Close on your home quickly — for an accurate price
Whether you want 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 regarding your asking price. An appraiser has no vested interest in what amount the house sells for, unlike real estate agents. 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 examine the difference in value things 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 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 homes stay on the market.