Why you should get an appraisal from Baker Appraisal Services, Inc.

To many, an appraisal is simply one more thing in the long list of items for a mortgage or refinance. While there are a budding number of automated home valuation methods that may appear to be cheaper than an appraisal, the majority of lenders still call in a local expert because the stakes are so high. You might think that securing a mortgage is the only reason you should get an appraisal, but there are other instances when the services of a certified, independent real estate professional could be helpful.

Let Baker Appraisal Services, Inc. assist you in lowering your mortgage payment

Appeal your tax assessment

If you are in an area where property values have declined, 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.

Getting rid of your PMI for mortgage payments

Private Mortgage Insurance, or PMI, is a supplemental insurance plan that many lenders ask homeowners to buy when the amount being loaned to the home buyer is more than 80% of the actual value of the real estate. More often than not, this extra payment is bundled into the monthly mortgage payment and is quickly forgotten. This is unfortunate because PMI becomes unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - falls below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was invoked by the United States Congress that requires lenders to do away with the PMI payments when the loan-to-value ratio conditions have been met.

If you'd like to get rid of PMI, Baker Appraisal Services, Inc. can give you a statement regarding the value of your home. The expense of the appraisal can often 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 a particularly horrible event for the parties involved, and it is often even more complicated by the difficult decision of who keeps the property. So both parties are completely aware of the true market value of their house, it's a good idea to order an appraisal from Baker Appraisal Services, Inc., regardless of the circumstances.

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

Fair and accurate estate liquidation

The loss of 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. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the fullest degree of discretion.

Most Americans don't have dedicated estate planners or executors to handle these affairs, unlike wealthy individuals. A home or other property often makes up an unequal share of the total estate value, so knowing the true value of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've gotten an honest deal.

Move to or from Kent County through an employee relocation program

We are aware of the headaches involved with an employee relocation. That being said, we take great care in establishing a convenient appointment time for the appraisal inspection. During our intensive inspection, we encourage relocating employees to provide input on the positive features of their property, as well as information about any current sales or listings in their area that they want considered.

Close on your home quickly — at the right price

Whether you want to sell your home on your own or use the assistance of a real estate agent, a professional appraisal can help you make a better educated decision when determining your asking price. 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 calculated on our efforts to complete the appraisal report.

On a daily basis, we examine the difference in value items like an additional bathroom or a kitchen remodel can make. Obtaining 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, because we're experts in knowing how long houses stay on the market.

Let Baker Appraisal Services, Inc. help you sell your home quickly at the right price