Reasons someone would use the services of Village AppraisalTo a lot of people, an appraisal is simply one more thing in the long list of items for a home sale or refinance. The majority of lenders still call for a local expert because the stakes are very high, even though there are an increasing number of automated home valuation methods that might appear to be more practical than an appraisal. But is obtaining a mortgage the only basis for getting an appraisal? Are there other situations when the services of a certified, independent real estate professional might come in handy? You bet there are.
Let Village Appraisal help you challenge your tax assessment in Franklin CountyIf you reside in an area where the value of property has declined, it's possible you're paying too much in property taxes. An appraisal from Village Appraisal is your best evidence when building your case. We're capable of assisting you in appealing your tax assessment.
PMI removal will lower your mortgage paymentPrivate Mortgage Insurance, or PMI, is a supplemental insurance plan that nearly all lenders ask home buyers to buy when the amount being loaned to the homeowner is more than 80% of the actual value of the home. This additional payment is often lumped into the monthly mortgage payment and is quickly forgotten. PMI is no longer required when the remainder of the loan - whether through market appreciation or principal pay down - goes below the 80% mark, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was approved by the United States Congress requiring lenders to remove the PMI installments on most mortgages when the balance is paid down to 78% of the original value.
If you'd like to do away with PMI, Village Appraisal will give you a statement regarding the value of your home. The cost of the home valuation can often be offset in just a few months because you'll no longer be paying the PMI.
Settling a divorce with less stressA divorce is often complicated by the strenuous decision of who gets the home, and it can be a particularly heartbreaking occurrence for both parties. It's a good idea to order an appraisal from Village Appraisal so both parties are fully aware of the true market value of their home, regardless of the situation.
If the parties want 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 received a fair evaluation.
Fair and accurate estate liquidation with help from Village AppraisalSettling an estateThe loss of a loved one is a painful 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 fullest degree of discretion.
Most Americans don't have dedicated estate planners or executors to manage these affairs, unlike wealthy individuals. And seeing that a home or other property often makes up an unequal share of the total estate value, understanding the true value of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've received an honest deal.
Relocating to or from Fairfield County?We understand the headaches involved with an employee relocation. We take great care in establishing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive attributes of their property, as well as information regarding any current sales or listings in their neighborhood that they want considered during our thorough process.
Sell your home quickly at the right price with an appraisal from Village AppraisalWhether you decide to sell your home on your own or use the assistance of a real estate agent, a professional appraisal can help you make a more informed decision when determining your asking price. With much different interests than a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees aren't contingent upon the value we report, but rather they depend on our efforts to complete the appraisal.
We examine the difference in value items like an additional bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long properties are on the market. So, seeking a professional appraisal is a trusted way to decide 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.