Reasons to choose an appraisal from Barnes Appraisal Company
Year after year, thousands of people in Oklahoma purchase, sell or refinance their home. A lot of these transactions involve a simple line item for an appraisal. Almost all lenders still call in a local expert because the stakes are so high, even though there are an increasing number of automated home valuation systems that might appear to be less expensive than an appraisal. Is securing a mortgage the only reason to acquire an appraisal? Are there additional times when the services of a licensed, independent real estate professional could come in handy? You bet there are.
Dispute your tax assessment in Comanche County
It's possible you're paying too much in property taxes if you reside in an area where property values have depreciated. Property taxes are based upon a past assessment of your real estate, so if values are less than what they used to be in your neighborhood, you can appeal your assessment and save money. An appraisal from Barnes Appraisal Company is your best evidence when building your case. At Barnes Appraisal Company, we're qualified to assist you in challenging your tax assessment.
Remove PMI to lower your mortgage payment
Private Mortgage Insurance, or PMI, is an additional insurance policy that most lenders ask home buyers to purchase when the amount being loaned to the homeowner is more than 80% of the actual value of the home. More often than not, this added payment is lumped into the monthly mortgage payment and is quickly forgotten. This is damaging because PMI becomes unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - goes below the 80% level. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress that requires lenders to remove the PMI installments when the loan-to-value ratio conditions have been met.
Barnes Appraisal Company can produce a statement regarding the value of your home, and the price you paid for the appraisal can generally be offset in a short amount of time because you'll no longer be paying the PMI.
Order an appraisal from Barnes Appraisal CompanyOrder online
Settle a divorce with fewer hang-ups
A divorce can be a particularly daunting experience for both parties, and it is often further complicated by the burdensome decision of who keeps the house. It's a good idea to order an appraisal from Barnes Appraisal Company so both parties are completely aware of the true market value of their property, regardless of the circumstances.
If the parties wish to sell the home, they'll have a a good idea of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.
Ascertain an accurate and fair valuation for estate liquidation
The death of a loved one is a hard time in life, and settling an estate from a death, or probate, often entails 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, guaranteeing the fullest degree of discretion.
Most Americans don't have dedicated estate planners or executors to take care of these matters, unlike wealthier individuals. And since 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 walk away knowing they've received an honest deal.
Relocate to or from Comanche County through an employee relocation program
Employee relocation can be a stressful event, and we understand. That's why we take great care in organizing an accommodating appointment time for the appraisal inspection. During our thorough inspection, we suggest relocating employees to provide feedback on the positive features of their property, as well as information regarding any current sales or listings in their area that they want considered.
Sell your home quickly — for an accurate price
Whether you decide to sell your home on your own or with the help of a real estate agent, a professional appraisal can help you make a more informed decision when determining your asking price. Apart from a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees aren't related to the sales price, but rather they are calculated on our efforts to finish the appraisal report.
We analyze the difference in value items like an extra bathroom or a kitchen remodel can make on a daily basis. Seeking 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 houses are one the market.