Reasons to order an appraisal from Baker Appraisal Services, Inc.
To many, an appraisal just looks like one more thing on the break-sheet for a home sale or refinance. Nearly all lenders still want a local expert because the stakes are so high, even though there are a growing number of automated home valuation methods that may appear to be less expensive than an appraisal. You might believe that securing a mortgage is the only reason to get an appraisal, but there are more instances when the services of a certified, independent real estate professional could be beneficial.
Challenge your tax assessment in Kent County
If you live in an area where the property value has declined, it's possible you're paying too much in property taxes. When building your case, an appraisal from us is your best evidence. We can assist you in disputing your tax assessment.
PMI removal to reduce a mortgage payment
When the amount being loaned to the home owneris more than 80% of the actual value of the property, many lenders ask homeowners to take out this additional insurance plan. That policy is Private Mortgage Insurance, or PMI. Most often, this added payment is bundled into the monthly mortgage payment and is soon forgotten. This is damaging because PMI isn't required when the leftover balance 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 invoked by the United States Congress that requires lenders to remove the PMI installments when the loan-to-value ratio conditions have been met.
Baker Appraisal Services, Inc. will provide you with a statement regarding the value of your home, and the price you paid for the home valuation can usually be offset in little time because you'll no longer be paying the PMI.
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Divorce settlement with less stress
A divorce can be a very traumatic event for both parties, and it is often even more complicated by the burdensome decision of who gets the house. So both parties are completely aware of the true market value of their house, it's a good idea to get an appraisal from Baker Appraisal Services, Inc., regardless of the circumstances.
If the parties wish 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 evaluation.
Ascertain a fair and accurate valuation for estate liquidation
The death 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 residential property involved. We ensure the maximum 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 manage these affairs, unlike many wealthy individuals. A home or other property often makes up an unequal share of the total estate value, so knowing the true worth of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've gotten a fair deal.
Move to or from Kent County for work
We are familiar with the stress involved with an employee relocation. That's why we take great care in organizing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive features of their property, as well as information regarding any recent sales or listings in their area that they want considered during our thorough inspection.
Sell your home quickly — for an accurate price
A professional appraisal can help you make a more informed decision when determining 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 depend on our efforts to finish the appraisal report and not a percentage of the sales price.
On a daily basis, we examine the difference in value things like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long propertiesare on the market. So, getting a professional appraisal is a trusted way to determine 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.