Let Baker Appraisal Services, Inc. serve your appraisal needs
Year after year, thousands of people in Delaware purchase, sell or refinance their home. Many of these transactions involve a simple line item for an appraisal. Nearly all lenders still call for a local expert because the stakes are very high, even though there are an increasing number of automated home valuation processes that might appear to be more cost-effective than an appraisal. You might think that securing a mortgage is the only reason to acquire an appraisal, but there are additional instances when the services of a certified, independent real estate professional might be beneficial.
Dispute your tax assessment in Kent County
If you are in an area where the property value has 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 disputing your tax assessment.
Eliminate PMI to lower your mortgage payment
Private Mortgage Insurance, or PMI, is an extra insurance plan that most lenders ask home buyers to buy when the amount being loaned to the home owner is more than 80% of the actual value of the real estate. Seeing that extra payment is usually lumped into the monthly mortgage payment, it is often forgotten. This is damaging because PMI is unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to dismiss the PMI installments when the loan-to-value ratio conditions have been met.
If you'd like to eliminate PMI, Baker Appraisal Services, Inc. can provide you with a statement regarding the value of your home. The expense of the appraisal can usually 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 very daunting event for both parties, and it is often more complicated by the difficult decision of who keeps the property. So both parties are fully 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 need to sell the home, they'll have a a good 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.
Accurate and fair estate liquidation
Losing a loved one is a hard 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 fullest 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 matters, unlike wealthier individuals. 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 significant importance to ensuring disputing parties walk away knowing they've gotten a fair deal.
Move to or from Kent 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 remarks on the positive features of their property, as well as information about any current sales or listings in their neighborhood that they want considered during our intensive inspection.
Close on your home promptly — at the right price
A professional appraisal will help you make a more informed decision regarding your selling price, whether you choose to sell your home on your own or use the assistance of a real estate agent. Unlike a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees aren't a percentage of the sales price, but rather they are based on our efforts to finish the appraisal report.
We analyze the difference in value items like an additional bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long propertiesare on the market. So, getting a professional appraisal is a trusted 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.