Reasons to get an appraisal from Baker Appraisal Services, Inc.

Thousands of people in Delaware purchase, sell or refinance their home each month. Most of these transactions include a simple line item for an appraisal. And while there are a developing number of automated home valuation processes that might seem cheaper than an appraisal, nearly all lenders still call in a local expert because the stakes are very high. You might think that getting a mortgage is the only basis for getting an appraisal, but there are additional instances when the services of a licensed, independent real estate professional could be beneficial.

Let Baker Appraisal Services, Inc. help you lower your mortgage payment

Dispute your tax assessment in Kent County

It's probable you're paying too much in property taxes if you live in an area where property values have declined. Ad Valorem taxes are determined by a previous assessment of your house, so if prices are less than what they used to be in your area, you can appeal your assessment and save money. An appraisal from Baker Appraisal Services, Inc. is your best evidence when building your case. At Baker Appraisal Services, Inc., we're equipped to assist you in appealing your tax assessment.

Remove PMI to lower your mortgage payment

When the amount being loaned to the home buyeris more than 80% of the actual value of the home, many lenders ask buyers to purchase this added insurance plan. That policy is Private Mortgage Insurance, or PMI. This additional payment is often folded into the monthly mortgage payment and is quickly forgotten. PMI is unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - decreases below the 80% level, making this very unfavorable. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to eliminate the PMI payments 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 price you paid for the appraisal can often be regained in a short amount of time because you'll no longer be paying the PMI.

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Get a fair valuation on a home for divorce settlements

A divorce can be an especially daunting ordeal for both parties, and it is often even 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 want to sell the home, they'll have a better idea of what price to set. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation.

Accurate and fair estate liquidation

Losing a loved one is a painful time in life, and settling an estate from a death, or probate, often requires an appraisal to establish Fair Market Value for the real estate involved. We ensure the highest 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 take care of these affairs, unlike wealthy individuals. And since a home or other property often makes up a disproportionate share of the total estate value, understanding the true value of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've gotten an honest deal.

Relocate to or from Kent County through an employee relocation program

We are familiar with the headaches associated with an employee relocation. We take great care in organizing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive characteristics of their property, along with information regarding any recent sales or listings in their area that they want considered during our intensive inspection.

Sell your home promptly — at the right price

A professional appraisal will help you make a better educated decision regarding your asking price, whether you decide to sell your home on your own or with the help of a real estate agent. An appraiser has no vested interest in what amount the house sells for, unlike real estate agents. Our fees are based on our efforts to finish the appraisal report and not a percentage of the sales price.

On a daily basis, we determine the difference in value items like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long homesstay on the market. So, seeking 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.

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