Reasons to consider an appraisal from Barnes Appraisal Company
To a lot of us, an appraisal is simply another cost on the break-sheet for a home sale or refinance. The majority of lenders still need a local expert because the stakes are incredibly high, even though there are a multiplying number of automated home valuation methods that might appear less expensive than an appraisal. You might believe that obtaining a mortgage is the only reason to get an appraisal, but there are more times when the services of a certified, independent real estate professional might be beneficial.
Contest your tax assessment in Comanche County
If you reside in an area where the property value 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 capable of assisting you in challenging your tax assessment.
PMI removal to lower a mortgage payment
Private Mortgage Insurance, or PMI, is an extra insurance policy that nearly all lenders ask home buyers to buy when the amount being loaned to the home buyer is more than 80% of the actual value of the real estate. This added payment is often lumped into the monthly mortgage payment and is promptly forgotten. This is unfortunate because PMI isn't required when the remainder of the loan - whether through market appreciation or principal pay down - falls below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was invoked by the United States Congress requiring lenders to eliminate the PMI installments when the loan-to-value ratio conditions have been met.
Barnes Appraisal Company will produce a statement regarding the value of your home, and the cost of the home valuation can usually be offset in just a few months because you'll no longer be paying the PMI.
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Settle a divorce with less stress
A divorce is often complicated by the difficult decision of who keeps the house, and it can be a particularly traumatic event for both parties. Regardless of the situation, 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 property.
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 gotten a fair assessment.
Determine an accurate and fair valuation for estate liquidation
Losing a loved one is a hard 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 highest degree of discretion.
Most Americans don't have dedicated estate planners or executors to take care of these issues, unlike many wealthy individuals. And since a home or other property often makes up a disproportionate 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.
Move to or from Comanche County through an employee relocation program
We are familiar with the headaches involved with an employee relocation. That being said, we take great care in setting up an accommodating appointment time for the appraisal inspection. During our intensive inspection, we recommend relocating employees to provide feedback on the positive characteristics of their property, as well as information about any current sales or listings in their area that they want considered.
Sell your home promptly — at the right price
A professional appraisal will help you make a more informed decision regarding your selling price, whether you decide to sell your home on your own or use the assistance of a real estate agent. An appraiser has no vested interest in what amount the house sells for, unlike real estate agents. Our fees are based on our efforts to finish the appraisal report and not a percentage of the sales price.
On a daily basis, we analyze the difference in value things like an additional bathroom or a kitchen remodel can make. And we're experts in knowing how long propertiesare on the market. So, seeking a professional appraisal is a reliable way to decide what improvements will add value and what an applicable sales price is for your home so you don't come up short or have your house on the market an unnecessarily long time.