Getting an appraisal from Appraisal Networks of VirginiaTo a lot of people, an appraisal is simply another cost on the break-sheet for a mortgage or refinance. Nearly all lenders still want a local expert because the stakes are very high, even though there are a growing number of automated home valuation processes that may appear to be more prudent than an appraisal. You might assume that getting a mortgage is the only reason to acquire an appraisal, but there are more cases when the services of a licensed, independent real estate professional could come in handy.
Let Appraisal Networks of Virginia help you dispute your tax assessment in Richmond City CountyIt's quite possible you're paying too much in property taxes if you reside in an area where property values have depreciated. Property taxes are determined by a previous assessment of your home, so if prices are less than what they used to be in your neighborhood, you can challenge your assessment and save money. When building your case, an appraisal from Appraisal Networks of Virginia is your best evidence. We're qualified to assist you in disputing your tax assessment.
PMI removal to lower your mortgage paymentWhen the amount being loaned to the homebuyer is more than 80% of the actual value of the home, almost all lenders ask homebuyers to purchase an extra insurance plan. That policy is Private Mortgage Insurance, or PMI. More often than not, this added payment is folded into the monthly mortgage payment and is promptly forgotten. PMI is unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - dips below the 80% mark, making this very unfavorable. 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.
Appraisal Networks of Virginia will produce a statement regarding the value of your home, and 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.
Divorce settlement with less stressA divorce is often complicated by the strenuous decision of who gets the property, and it can be an especially heartbreaking occurrence for both parties. Regardless of the situation, it's a good idea to order an appraisal from Appraisal Networks of Virginia so both parties are fully aware of the true market value of their home.
The parties will have a a good idea of what price to set, if they need to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.
Settling an estate with peace of mindThe death of a loved one is a difficult time in life, and settling an estate from a death, or probate, often entails 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, guaranteeing the highest degree of discretion.
Unlike many wealthy individuals, most Americans don't have dedicated estate planners or executors to manage these issues. And seeing that a home or other property often makes up an unequal share of the total estate value, knowing the precise value of the real estate at hand is of significant importance to ensuring disputing parties leave knowing they've received a fair deal.
Appraisal Networks of Virginia can assist you in relocating to or from Richmond City CountyEmployee relocation can be a real pain, and we understand. We take great care in setting up an accommodating appointment time for the appraisal inspection. During our detailed process, we suggest relocating employees to provide remarks on the positive aspects of their property, along with information regarding any recent sales or listings in their area that they want considered.
Selling your home quickly at the right priceA professional appraisal can help you make a better educated decision regarding your asking price, whether you want to sell your home on your own or use the assistance of a real estate agent. An appraiser has no vested interest in what amount the house sells for, unlike real estate agents. Our fees are based on our efforts to finish the appraisal report and and aren't related to the sales price.
On a daily basis, we determine the difference in value items like an extra bathroom or a kitchen remodel can make. Getting a professional appraisal is a reliable 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 - because we're experts in knowing how long homes stay on the market.