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Reasons to order an appraisal from Barnes Appraisal Company

To a lot of us, an appraisal is simply one more thing on the settlement sheet for a home purchase or refinance. Even though there are an increasing number of automated home valuation methods that might appear more practical than an appraisal, nearly all lenders still need a local expert because the stakes are so high. You might assume that obtaining a mortgage is the only reason to acquire an appraisal, but there are additional cases when the services of a licensed, independent real estate professional could come in handy.

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Challenge your tax assessment

If you live in an area where property values have 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 equipped to assist you in disputing your tax assessment.

Remove PMI to lower your mortgage payment

When the amount being loaned to the buyeris more than 80% of the actual value of the property, nearly all lenders ask homebuyers to purchase this extra insurance plan. That policy is Private Mortgage Insurance, or PMI. This additional payment is often lumped into the monthly mortgage payment and is quickly forgotten. This is unfortunate because PMI isn't necessary when the remainder of the loan - whether through market appreciation or principal pay down - dips below the 80% level. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress requiring lenders to dismiss the PMI payments when the loan-to-value ratio conditions have been met.

If you'd like to get rid of PMI, Barnes Appraisal Company will give you a statement regarding the value of your home. The price you paid for the home valuation can often be regained in little time because you'll no longer be paying the PMI.

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Settle a divorce with fewer hang-ups

A divorce can be an especially daunting event for both parties, and it is often further complicated by the troublesome decision of who gets the property. So both parties are completely aware of the true market value of their property, it's a good idea to order an appraisal from Barnes Appraisal Company, regardless of the circumstances.

The parties will have a a good idea of what price to set, if they need to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've gotten a fair assessment.

Ascertain an accurate and fair valuation for estate liquidation

Losing a loved one is a painful time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Fair Market Value for the real estate involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the maximum degree of discretion.

Most Americans do not have dedicated estate planners or executors to take care of these affairs, unlike many wealthy individuals. A home or other property often makes up a disproportionate share of the total estate value, so understanding the true worth of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've gotten a fair deal.

Relocate to or from Comanche County through an employee relocation program

We know the stress involved with an employee relocation. We take great care in setting up a convenient appointment time for the appraisal inspection. During our thorough inspection, we encourage relocating employees to provide remarks on the positive characteristics of their property, as well as information about any current sales or listings in their neighborhood that they want considered.

Sell your home quickly — at an accurate price

A professional appraisal will help you make a better educated decision when determining your selling price, whether you decide to sell your home on your own or with the help of a real estate agent. Unlike 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 based on our efforts to finish the appraisal report.

On a daily basis, we examine the difference in value things like an extra bathroom or a kitchen remodel can make. Getting a professional appraisal is a reliable 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 homes are one the market.

Let Barnes Appraisal Company help you sell your home quickly at the right price