Reasons to choose an appraisal from Barnes Appraisal Company
Each year, thousands of people in Oklahoma buy, sell or refinance their home. A lot of these transactions contain a simple line item for an appraisal. Most lenders still need a local expert because the stakes are very high, even though there are an increasing number of automated home valuation systems that might appear more cost-effective than an appraisal. You might believe that securing a mortgage is the only reason to acquire an appraisal, but there are more situations when the services of a licensed, independent real estate professional might be beneficial.
Contest your tax assessment in Comanche County
If you are in an area where the property value has declined, 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 disputing your tax assessment.
Eliminate PMI to lower your mortgage payment
Private Mortgage Insurance, or PMI, is a supplemental insurance policy that many lenders ask home owners to purchase when the amount being loaned to the home owner is more than 80% of the actual value of the real estate. This additional payment is often bundled into the monthly mortgage payment and is quickly forgotten. PMI isn't required when the remaining balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% level, making this very unfortunate. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress requiring lenders to remove the PMI installments when the loan-to-value ratio conditions have been met.
Barnes Appraisal Company can give you a statement regarding the value of your home, and the expense of the appraisal can generally be recovered in a short amount of time because you'll no longer be paying the PMI.
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Divorce settlement with fewer hang-ups
A divorce can be a particularly horrible experience for both parties, and it is often further complicated by the troublesome decision of who keeps the property. 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 property.
If the parties want to sell the home, they'll have a better 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.
Fair and accurate estate liquidation
The loss of a loved one is a difficult 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. We guarantee the utmost degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Most Americans don't have dedicated estate planners or executors to handle these affairs, unlike wealthier individuals. And since a home or other property often makes up a disproportionate share of the total estate value, understanding the true worth of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've received a fair deal.
Move to or from Comanche County through an employee relocation program
Employee relocation can be a stressful event, and we understand. That being said, we take great care in organizing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive aspects of their property, along with information regarding any new sales or listings in their area that they want considered during our intensive inspection.
Sell your home promptly — 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 regarding your asking price. An appraiser has no vested interest in what price the house sells for, unlike real estate agents. Our fees aren't related to the sales price, but rather they are based on our efforts to complete the appraisal report.
We analyze the difference in value things like an additional bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long housesstay on the market. So, obtaining 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.