Reasons to choose an appraisal from Appraise Colorado Inc
Thousands of people in Colorado buy, sell or refinance their home each month. Most of these transactions include a simple line item for an appraisal. And while there are an increasing number of automated home valuation systems that may appear to be cheaper than an appraisal, nearly all lenders still call in a local expert because the stakes are so high. You might believe that getting a mortgage is the only reason to acquire an appraisal, but there are additional times when the services of a licensed, independent real estate professional might be helpful.
Contest your tax assessment in Arapahoe County
It's likely you're paying too much in property taxes if you reside in an area where property values have declined. Property taxes are determined by a past assessment of your home, so if prices are less than what they used to be in your area, you can challenge your assessment and save money. When building your case, an appraisal from us is your best evidence. At Appraise Colorado Inc, we're capable of assisting you in disputing your tax assessment.
Eliminating PMI for mortgage payments
Private Mortgage Insurance, or PMI, is an extra insurance plan that most lenders ask homeowners to buy when the amount being loaned to the buyer is more than 80% of the actual value of the property. Oftentimes, this added payment is folded into the monthly mortgage payment and is quickly forgotten. PMI isn't necessary when the leftover balance of the loan - whether through market appreciation or principal pay down - goes 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 do away with the PMI installments when the loan-to-value ratio conditions have been met.
Appraise Colorado Inc will give you a statement regarding the value of your home, and the price you paid for the home valuation can often be offset in just a few months because you'll no longer be paying the PMI.
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Settle a divorce with less stress
A divorce can be a very daunting experience for both parties, and it is often further complicated by the burdensome decision of who maintains the house. So both parties are entirely aware of the true market value of their property, it's a good idea to get an appraisal from Appraise Colorado Inc, regardless of the circumstances.
If the parties need to sell the home, they'll have a a good idea of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.
Ascertain an accurate and fair valuation for estate liquidation
The death of a loved one is a painful 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. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the fullest degree of discretion.
Unlike many 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 uneven share of the total estate value, understanding the true worth of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've gotten an honest deal.
Relocate to or from Arapahoe County for work
Employee relocation can be a stressful event, and we understand. That being said, we take great care in establishing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive features of their property, as well as information about any new sales or listings in their neighborhood that they want considered during our intensive inspection.
Close on 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. 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 based on our efforts to complete the appraisal report.
On a daily basis, we examine the difference in value items like an additional bathroom or a kitchen remodel can make. Getting a professional appraisal is a reliable way to decide what improvements will add value and what an applicable 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.