Reasons to hire an appraiser
To a lot of people, an appraisal is simply one more thing in the long list of items for a home purchase or refinance. Almost all lenders still call for a local expert because the stakes are so high, even though there are an increasing number of automated home valuation methods that might appear more practical than an appraisal. You might believe that securing a mortgage is the only reason to get an appraisal, but there are additional situations when the services of a licensed, independent real estate professional could be beneficial.
Challenge your tax assessment in Arapahoe County
If you reside in an area where the property value has depreciated, it's possible you're paying too much in property taxes. An appraisal from Appraise Colorado Inc is your best evidence when building your case. At Appraise Colorado Inc, we're capable of assisting you in appealing your tax assessment.
PMI removal to reduce a mortgage payment
Private Mortgage Insurance, or PMI, is an extra insurance plan that almost all lenders ask buyers to buy when the amount being loaned to the home owner is more than 80% of the actual value of the home. Oftentimes, this additional payment is folded into the monthly mortgage payment and is promptly forgotten. This is damaging because PMI is no longer required when the leftover balance of the loan - whether through market appreciation or principal pay down - goes below the 80% level. 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.
Appraise Colorado Inc can produce a statement regarding the value of your home, and the cost of the home valuation can usually be regained in little time because you'll no longer be paying the PMI.
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Get a fair valuation on a home take make a divorce settlement less stressful
A divorce is a very horrible ordeal for the parties involved, and it is often further complicated by the burdensome decision of who gets the house. So both parties are completely aware of the true market value of their property, it's a good idea to order an appraisal from Appraise Colorado Inc, regardless of the circumstances.
The parties will have a good idea of what price to set, if they wish to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.
Determine an accurate and fair valuation for estate liquidation
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 Fair Market Value for the residential property involved. We guarantee the maximum degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Most Americans don't have dedicated estate planners or executors to manage these affairs, unlike wealthier individuals. A home or other property often makes up an uneven share of the total estate value, so knowing the true worth of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've gotten a fair deal.
Move to or from Arapahoe County for work
Employee relocation is a stressful event, and we understand. That being said, we take great care in setting up an accommodating appointment time for the appraisal inspection. During our thorough inspection, we recommend relocating employees to provide input on the positive characteristics of their property, along with information about any new sales or listings in their neighborhood that they want considered.
Close on your home quickly — for an accurate price
A professional appraisal will help you make a more informed decision when determining your selling price, whether you decide to sell your home on your own or with the help of a real estate agent. Unlike a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees aren't a percentage of the sales price, but rather they are calculated on our efforts to complete the appraisal report.
We determine the difference in value items like an extra bathroom or a kitchen remodel can make on a daily basis. Obtaining 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 homes are one the market.