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Why you should order an appraisal

Year after year, thousands of people in Oklahoma buy, sell or refinance their home. Most of these transactions include a simple line item for an appraisal. Even though there are a budding number of automated home valuation methods that may seem cheaper than an appraisal, most lenders still want a local expert because the stakes are incredibly high. Is securing a mortgage the only reason to get an appraisal? Are there additional instances when the services of a certified, independent real estate professional might be helpful? Absolutely.

Let Barnes Appraisal Company assist you in lowering your mortgage payment

Appeal your tax assessment

If you live in an area where the value of property 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. We're qualified to assist you in appealing your tax assessment.

Eliminate PMI to lower your mortgage payment

When the amount being loaned to the home owneris more than 80% of the actual value of the home, most lenders ask homeowners to purchase this supplemental insurance plan. That policy is Private Mortgage Insurance, or PMI. This extra payment is often lumped into the monthly mortgage payment and is quickly forgotten. This is unfortunate because PMI isn't required when the remaining balance of the loan - whether through market appreciation or principal pay down - goes below the 80% mark. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to eliminate the PMI payments when the loan-to-value ratio conditions have been met.

Barnes Appraisal Company can provide you with a statement regarding the value of your home, and the price you paid for the home valuation can usually be recovered in little time because you'll no longer be paying the PMI.

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Get a fair valuation on a home take make a divorce settlement less stressful

A divorce is an especially daunting event for the parties involved, and it is often even more complicated by the strenuous decision of who keeps the home. Regardless of the circumstances, it's a good idea to get an appraisal from Barnes Appraisal Company so both parties are entirely aware of the true market value of their home.

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

Determine an accurate and fair valuation for estate liquidation

Losing a loved one is a painful time in life, and settling an estate from a death, or probate, often requires an appraisal to establish Fair 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 maximum degree of discretion.

Unlike many wealthy individuals, most Americans don't have dedicated estate planners or executors to handle these issues. And seeing that a home or other property often makes up an uneven share of the total estate value, understanding the true value of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've gotten an honest deal.

Move to or from Comanche County through an employee relocation program

Employee relocation is a stressful event, and we understand. That's why we take great care in setting up a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive aspects of their property, as well as information regarding any new sales or listings in their area that they want considered during our thorough inspection.

Close on your home quickly — at the right price

A professional appraisal will help you make a better educated decision regarding your selling price, whether you choose to sell your home on your own or use the assistance 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 aren't related to the sales price, but rather they are based on our efforts to complete the appraisal report.

We examine the difference in value items like an extra bathroom or a kitchen remodel can make on a daily basis. Obtaining a professional appraisal is a reliable 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, because we're experts in knowing how long homes stay on the market.

Let Barnes Appraisal Company assist you in selling your home quickly at the right price