Let Barnes Appraisal Company attend to your appraisal needs
Thousands of people in Oklahoma buy, sell or refinance their home every month. Many of these transactions include a simple line item for an appraisal. And even though there are an increasing number of automated home valuation systems that might appear more practical than an appraisal, the majority of lenders still call in a local expert because the stakes are so high. You might believe that getting a mortgage is the only reason to acquire an appraisal, but there are additional instances when the services of a licensed, independent real estate professional could be helpful.
Challenge your tax assessment in Comanche County
If you reside in an area where property values have depreciated, it's possible you're paying too much in property taxes. When building your case, an appraisal from us is your best evidence. At Barnes Appraisal Company, we're equipped to assist you in appealing your tax assessment.
PMI removal to lower a mortgage payment
Private Mortgage Insurance, or PMI, is a supplemental insurance policy that almost all 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. Oftentimes, this additional payment is lumped into the monthly mortgage payment and is quickly forgotten. This is unfavorable because PMI isn't necessary when the remaining balance 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 remove the PMI payments when the loan-to-value ratio conditions have been met.
If you'd like to do away with PMI, Barnes Appraisal Company will provide you with a statement regarding the value of your home. The expense of the home valuation can generally be recovered in a short amount of time because you'll no longer be paying the PMI.
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Get a clear valuation on a home for divorce settlements
A divorce is often complicated by the challenging decision of who keeps the home, and it can be a very traumatic event for both parties. So both parties are entirely aware of the true market value of their home, it's a good idea to get an appraisal from Barnes Appraisal Company, regardless of the circumstances.
The parties will have a good idea of what price to set, if they want to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've received 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 requires an appraisal to establish Fair Market Value for the residential property involved. We ensure the utmost 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 seeing that a home or other property often makes up an uneven share of the total estate value, understanding the true worth of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've gotten an honest deal.
Relocate to or from Comanche County for work
Employee relocation can be a stressful event, and we understand. We take great care in setting up a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive attributes of their property, as well as information about any new sales or listings in their area that they want considered during our intensive inspection.
Sell your home promptly — at an accurate price
A professional appraisal will help you make a better educated decision when determining 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 are calculated 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 items like an additional bathroom or a kitchen remodel can make. Seeking a professional appraisal is a trusted way to decide 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 houses are one the market.