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Reasons to get an appraisal from Barnes Appraisal Company

To many, an appraisal just looks like one more thing in the long list of items for a home purchase or refinance. Nearly all lenders still call for a local expert because the stakes are very high, even though there are a multiplying number of automated home valuation methods that might appear more economical than an appraisal. You might assume that obtaining a mortgage is the only basis for getting an appraisal, but there are other cases when the services of a certified, independent real estate professional could come in handy.

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Appeal your tax assessment

If you live in an area where the value of property has depreciated, it's possible you're paying too much in property taxes. An appraisal from Barnes Appraisal Company is your best evidence when building your case. We're equipped to assist you in challenging your tax assessment.

Remove 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 homebuyers to purchase this extra insurance plan. That policy is Private Mortgage Insurance, or PMI. More often than not, this additional payment is bundled into the monthly mortgage payment and is promptly forgotten. PMI isn't necessary when the remaining balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark, making this very unfortunate. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to do away with the PMI installments when the loan-to-value ratio conditions have been met.

If you'd like to do away with PMI, Barnes Appraisal Company will produce a statement regarding the value of your home. The expense of the appraisal can usually be offset in just a few months 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 can be an especially horrible experience for both parties, and it is often more complicated by the strenuous decision of who keeps the house. Regardless of the situation, it's a good idea to get an appraisal from Barnes Appraisal Company so both parties are fully aware of the true market value of their house.

If the parties need to sell the home, they'll have a clearer picture 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 liquidation

Losing 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 real estate involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the fullest degree of discretion.

Unlike wealthy individuals, most Americans don't have dedicated estate planners or executors to take care of these affairs. A home or other property often makes up a disproportionate share of the total estate value, so knowing the true value of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've received a fair deal.

Move to or from Comanche County for work

We are aware of the stress involved with an employee relocation. 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 current sales or listings in their neighborhood that they want considered during our thorough inspection.

Sell your home quickly — for the right price

A professional appraisal can help you make a better educated decision when determining your asking price, whether you want to sell your home on your own or use the assistance of a real estate agent. Apart from a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees depend 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 things like an additional bathroom or a kitchen remodel can make. Seeking a professional appraisal is a trusted 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, because we're experts in knowing how long homes are one the market.

Let Barnes Appraisal Company help you sell your home quickly at the right price