Why you should order an appraisal from Baker Appraisal Services, Inc.
To a lot of people, an appraisal just looks like one more thing in the long list of items for a mortgage or refinance. Even though there are a multiplying number of automated home valuation systems that may seem cheaper than an appraisal, almost all lenders still need a local expert because the stakes are incredibly high. You might think that obtaining a mortgage is the only reason to get an appraisal, but there are other instances when the services of a certified, independent real estate professional might come in handy.
Challenge your tax assessment in Kent County
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 Baker Appraisal Services, Inc. is your best evidence when building your case. We can assist you in challenging your tax assessment.
PMI removal to lower your mortgage payment
Private Mortgage Insurance, or PMI, is an added insurance plan that nearly all lenders ask home owners to buy when the amount being loaned to the homeowner is more than 80% of the actual value of the real estate. This added payment is often lumped into the monthly mortgage payment and is soon forgotten. PMI is no longer required when the leftover balance of the loan - whether through market appreciation or principal pay down - falls below the 80% level, making this very unfortunate. In fact, the Homeowners Protection Act (HPA) of 1998 was invoked by the United States Congress requiring lenders to eliminate the PMI installments when the loan-to-value ratio conditions have been met.
If you'd like to get rid of PMI, Baker Appraisal Services, Inc. will produce a statement regarding the value of your home. The expense of the home valuation can usually be recovered in a short amount of time because you'll no longer be paying the PMI.
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Settle a divorce with fewer hang-ups
A divorce is often complicated by the burdensome decision of who keeps the home, and it can be an especially horrible ordeal for both parties. Regardless of the circumstances, it's a good idea to order an appraisal from Baker Appraisal Services, Inc. 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 received a fair assessment.
Fair and accurate 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 real estate involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the fullest degree of discretion.
Unlike many wealthy individuals, most Americans don't have dedicated estate planners or executors to manage these issues. And seeing that a home or other property often makes up an unequal share of the total estate value, understanding the true value of the real estate at hand is of significant importance to ensuring disputing parties leave knowing they've received an honest deal.
Move to or from Kent County for work
We understand the headaches associated with an employee relocation. That being said, we take great care in organizing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive attributes of their property, as well as information about any recent sales or listings in their neighborhood that they want considered during our detailed inspection.
Close on your home promptly — for the right price
A professional appraisal can help you make a better educated decision regarding your asking price, whether you decide to sell your home on your own or use the assistance of a real estate agent. Apart from a real estate agent, an appraiser has no vested interest in what price 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.
We examine the difference in value things like an extra bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long homesstay on the market. So, seeking a professional appraisal is a reliable way to decide 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.