Reasons to order an appraisal from Bob Hayes Real Estate AppraiserTo a lot of people, an appraisal just looks like one more thing on the break-sheet for a home sale or refinance. Nearly all lenders still call in a local expert because the stakes are incredibly high, even though there are a multiplying number of automated home valuation systems that might appear more practical than an appraisal. You might think that obtaining a mortgage is the only reason to acquire an appraisal, but there are other instances when the services of a certified, independent real estate professional might be helpful.
Challenge your tax assessment in Anchorage CountyIf you live in an area where the value of property has depreciated, it's possible you're paying too much in property taxes. When building your case, an appraisal from Bob Hayes Real Estate Appraiser is your best evidence. At Bob Hayes Real Estate Appraiser,we can assist you in disputing your tax assessment.
Let Bob Hayes Real Estate Appraiser help you lower your mortgage paymentWhen the amount being loaned to the home buyer is more than 80% of the actual value of the property, most lenders ask home buyers to purchase an additional insurance plan. That policy is Private Mortgage Insurance, or PMI. Seeing that extra payment is usually folded into the monthly mortgage payment, it is often forgotten. This is damaging because PMI isn't required when the leftover balance of the loan - whether through market appreciation or principal pay down - falls below the 80% mark. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to remove the PMI payments when the loan-to-value ratio conditions have been met.
Bob Hayes Real Estate Appraiser will provide you with a statement regarding the value of your home, and the price you paid for the appraisal can usually be regained in little time because you'll no longer be paying the PMI.
Settling a divorce with less stress with an appraisal from Bob Hayes Real Estate AppraiserA divorce is a particularly heartbreaking experience for the parties involved, and it is often further complicated by the difficult decision of who maintains the home. So both parties are fully aware of the true market value of their home, it's a good idea to get an appraisal from Bob Hayes Real Estate Appraiser, regardless of the circumstances.
If the parties need to sell the home, they'll have a better idea 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 liquidationLosing a loved one is a difficult time in life, and settling an estate from a death, or probate, often requires an appraisal to establish 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 utmost degree of discretion.
Unlike wealthy individuals, most Americans don't have dedicated estate planners or executors to handle these issues. A home or other property often makes up an unequal share of the total estate value, so understanding the true value of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've gotten an honest deal.
Bob Hayes Real Estate Appraiser can help you with relocating to or from Anchorage CountyWe understand the headaches involved with an employee relocation. That being said, we take great care in organizing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive attributes of their property, along with information about any new sales or listings in their area that they want considered during our intensive process.
Don't sell out short or let your home stay on the market too long.Whether 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 better educated decision when determining your asking price. Separate from a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees aren't related to the sales price, but rather they rest on our efforts to complete the appraisal.
We determine the difference in value things like an additional bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long homes are on the market. So, getting a professional appraisal is a reliable way to determine 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 for an extended amount of time.