Let Barnes Appraisal Company serve your appraisal needs
Thousands of people in Oklahoma purchase, sell or refinance their home each year. Most of these transactions contain a simple line item for an appraisal. Most lenders still call in a local expert because the stakes are very high, even though there are a developing number of automated home valuation processes that might appear cheaper than an appraisal. Is getting a mortgage the only basis for getting an appraisal? Are there other times when the services of a certified, independent real estate professional could be beneficial? Of course there are.
Challenge your tax assessment
It's probable you're paying too much in property taxes if you live in an area where property values have declined. Ad Valorem taxes are determined by a previous assessment of your house, so if values have gone down in your area, you can challenge your assessment and save money. When building your case, an appraisal from us is your best evidence. At Barnes Appraisal Company, we're capable of assisting you in disputing your tax assessment.
PMI removal to lower a 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 real estate. Oftentimes, this additional payment is folded into the monthly mortgage payment and is quickly forgotten. This is unfavorable because PMI is unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - dips below the 80% mark. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to dismiss the PMI payments when the loan-to-value ratio conditions have been met.
Barnes Appraisal Company will give you a statement regarding the value of your home, and the cost of the home valuation can usually be recovered in little time because you'll no longer be paying the PMI.
Get your appraisal from Barnes Appraisal CompanyOrder today
Divorce settlement with fewer hang-ups
A divorce can be a very traumatic ordeal for both parties, and it is often even more complicated by the hard decision of who gets 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 better idea of what price to set. And on the flip side, 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 loss of 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. We guarantee the fullest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Unlike many wealthy individuals, most Americans don't have dedicated estate planners or executors to manage these affairs. 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 for work
We understand the stress associated with an employee relocation. That being said, 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 aspects of their property, as well as information about any new sales or listings in their area that they want considered.
Close on your home quickly — for an accurate price
Whether you decide to sell your home on your own or use the assistance of a real estate agent, a professional appraisal will help you make a better educated decision when determining your selling price. An appraiser has no vested interest in what price the house sells for, apart from real estate agents. Our fees depend on our efforts to complete the appraisal report and and aren't related to the sales price.
On a daily basis, we examine 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 properties stay on the market.