Let Astute Appraisals, Inc. handle your appraisal needs
To many, an appraisal is simply a line item in the long list of items for a home sale or refinance. And while there are a growing number of automated home valuation systems that might appear to be less expensive than an appraisal, nearly all lenders still need a local expert because the stakes are very high. You might assume that securing a mortgage is the only reason to acquire an appraisal, but there are more times when the services of a licensed, independent real estate professional might be beneficial.
Challenge your tax assessment in Howard County
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.
PMI removal to reduce your mortgage payment
Private Mortgage Insurance, or PMI, is an extra insurance plan that many lenders ask homebuyers 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 folded into the monthly mortgage payment and is quickly forgotten. This is unfavorable because PMI isn't necessary when the remaining balance of the loan - whether through market appreciation or principal pay down - falls below the 80% level. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to dismiss the PMI installments when the loan-to-value ratio conditions have been met.
If you'd like to get rid of PMI, Astute Appraisals, Inc. can produce a statement regarding the value of your home. The expense of the home valuation can generally be regained in a short amount of time because you'll no longer be paying the PMI.
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Settle a divorce with less stress
A divorce can be a very traumatic ordeal for both parties, and it is often even more complicated by the difficult decision of who gets the home. Regardless of the situation, 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 property.
The parties will have a a good idea of what price to set, if they want 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.
Determine an accurate and fair valuation for estate liquidation
The loss of a loved one is a hard 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. We ensure 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 wealthy individuals, most Americans do not have dedicated estate planners or executors to manage these affairs. A home or other property often makes up an unequal share of the total estate value, so understanding the true worth of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've gotten a fair deal.
Move to or from Howard County through an employee relocation program
Employee relocation is a stressful event, and we understand. That being said, we take great care in establishing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive features of their property, along with information regarding any new sales or listings in their neighborhood that they want considered during our thorough inspection.
Close on your home quickly — for the right price
Whether you want to sell your home on your own or with the help of a real estate agent, a professional appraisal can help you make a better educated decision when determining your asking price. An appraiser has no vested interest in what amount the house sells for, apart from real estate agents. Our fees are calculated on our efforts to complete the appraisal report and and aren't related to the sales price.
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 propertiesstay 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 an unnecessarily long time.