Reasons to order an appraisal from Astute Appraisals, Inc.

Each year, thousands of people in Maryland purchase, sell or refinance their home. Most of these transactions involve a simple line item for an appraisal. Even though there are a developing number of automated home valuation processes that might seem less expensive than an appraisal, almost all lenders still need a local expert because the stakes are incredibly high. Is obtaining a mortgage the only basis for getting an appraisal? Are there other cases when the services of a licensed, independent real estate professional might come in handy? Absolutely.

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Challenge your tax assessment

If you are in an area where the property value has declined, it's possible you're paying too much in property taxes. When building your case, an appraisal from us is your best evidence. At Astute Appraisals, Inc., we're capable of assisting you in appealing your tax assessment.

Eliminating PMI for mortgage payments

Private Mortgage Insurance, or PMI, is a supplemental insurance plan that many lenders ask home buyers to purchase when the amount being loaned to the homeowner is more than 80% of the actual value of the property. Most often, this extra payment is bundled into the monthly mortgage payment and is quickly forgotten. PMI becomes unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - falls below the 80% level, making this very unfortunate. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to remove the PMI installments when the loan-to-value ratio conditions have been met.

Astute Appraisals, Inc. will produce a statement regarding the value of your home, and the price you paid for the appraisal can generally be regained in just a few months because you'll no longer be paying the PMI.

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Divorce settlement with fewer hang-ups

A divorce can be a particularly traumatic experience for both parties, and it is often even more complicated by the challenging decision of who maintains the house. It's a good idea to get an appraisal from Astute Appraisals, Inc. so both parties are fully aware of the true market value of their house, regardless of the situation.

The parties will have a good idea of what price to set, if they want to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.

Determine a fair and accurate valuation for estate liquidation

Losing a loved one is a difficult 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. We guarantee the highest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).

Unlike wealthier individuals, most Americans do not have dedicated estate planners or executors to take care of these matters. And seeing that a home or other property often makes up an unequal share of the total estate value, knowing the true worth of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've gotten a fair deal.

Relocate to or from Howard County through an employee relocation program

We are familiar with the stress involved with an employee relocation. That's why we take great care in setting up an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive attributes of their property, as well as information about any recent sales or listings in their neighborhood that they want considered during our thorough inspection.

Close on your home promptly — at an accurate price

A professional appraisal will help you make a better educated decision regarding your selling 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, apart from real estate agents. Our fees depend on our efforts to finish the appraisal report and not a percentage of the sales price.

We examine 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, obtaining a professional appraisal is a trusted way to determine 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.

Let Astute Appraisals, Inc. assist you in selling your home quickly at the right price