Reasons to hire an appraiser
To a lot of us, an appraisal just looks like a line item in the long list of items for a home sale or refinance. And even though there are a developing number of automated home valuation systems that might appear to be more cost-effective than an appraisal, practically all lenders still need a local expert because the stakes are very high. You might assume that getting a mortgage is the only reason you should get an appraisal, but there are more situations when the services of a licensed, independent real estate professional might come in handy.
Dispute your tax assessment
If you are in an area where property values have 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 disputing your tax assessment.
Get rid of PMI to lower your mortgage payment
When the amount being loaned to the homebuyeris more than 80% of the actual value of the property, almost all lenders ask buyers to purchase this extra insurance plan. That policy is Private Mortgage Insurance, or PMI. Seeing that extra payment is usually bundled into the monthly mortgage payment, it is often forgotten. This is unfortunate because PMI is unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was invoked by the United States Congress requiring lenders to do away with the PMI installments when the loan-to-value ratio conditions have been met.
Certified Residential Inc will provide you with a statement regarding the value of your home, and the price you paid for the home valuation can usually be regained in a short amount of time because you'll no longer be paying the PMI.
Get your appraisal from Certified Residential IncOrder online
Settle a divorce with less stress
A divorce is an especially traumatic event for the parties involved, and it is often further complicated by the challenging decision of who gets the house. It's a good idea to get an appraisal from Certified Residential Inc so both parties are entirely aware of the true market value of their property, regardless of the situation.
If the parties want to sell the home, they'll have a clearer picture 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
The death of a loved one is a painful time in life, and settling an estate from a death, or probate, often calls for an appraisal to establish Fair Market Value for the residential property involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the utmost degree of discretion.
Unlike many wealthy individuals, most Americans don't have dedicated estate planners or executors to handle these affairs. A home or other property often makes up an uneven share of the total estate value, so understanding the true worth of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've gotten an honest deal.
Move to or from Fairfield County for work
We know the headaches associated with an employee relocation. That being said, we take great care in setting up a convenient appointment time for the appraisal inspection. During our intensive inspection, we recommend relocating employees to provide feedback on the positive characteristics 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 the right price
A professional appraisal will help you make a more informed decision when determining your asking price, whether you decide to sell your home on your own or with the help of a real estate agent. An appraiser has no vested interest in what price the house sells for, unlike real estate agents. Our fees aren't a percentage of the sales price, but rather they depend on our efforts to finish the appraisal report.
We analyze the difference in value items like an extra bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long homesstay on the market. So, getting a professional appraisal is a trusted 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.