Why you should hire an appraiserTo a lot of us, an appraisal is simply one more thing in the long list of items for a mortgage or refinance. Even though there are a developing number of automated home valuation processes that might appear more practical than an appraisal, practically all lenders still call for a local expert because the stakes are very high. You might think that obtaining a mortgage is the only reason to get an appraisal, but there are additional cases when the services of a licensed, independent real estate professional might be beneficial.
Challenge your tax assessment in Jefferson CountyIf you reside in an area where the value of property has depreciated, it's possible you're paying too much in property taxes. An appraisal from Crescent Appraisal Group, Inc. is your best evidence when building your case. We're equipped to assist you in challenging your tax assessment.
Getting rid of your PMI will lower your mortgage paymentWhen the amount being loaned to the homeowner is more than 80% of the actual value of the property, almost all lenders ask home buyers to purchase an supplemental insurance plan. That policy is Private Mortgage Insurance, or PMI. Most often, this extra payment is bundled into the monthly mortgage payment and is promptly forgotten. This is bad because PMI is unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - decreases below the 80% level. In fact, the Homeowners Protection Act (HPA) of 1998 was approved by the United States Congress that requires lenders to dismiss the PMI payments when the balance is paid down to 78% of the original value.
Crescent Appraisal Group, Inc. will give you a statement regarding the value of your home, and the cost of the appraisal can often be regained in a short amount of time because you'll no longer be paying the PMI.
Settling a divorce with less stress with an appraisal from Crescent Appraisal Group, Inc.A divorce is an especially daunting experience for the parties involved, and it is often further complicated by the difficult decision of who keeps the home. So both parties are entirely aware of the true market value of their house, it's a good idea to order an appraisal from Crescent Appraisal Group, Inc., regardless of the circumstances.
If the parties need to sell the home, they'll have a clearer picture 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.
Trustworthy estate liquidationThe loss of a loved one is a painful time in life, and settling an estate from a death, or probate, often requires an appraisal to establish Market Value for the residential property involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the highest degree of discretion.
Unlike wealthy individuals, most Americans don't have dedicated estate planners or executors to manage these matters. A home or other property often makes up an uneven 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 walk away knowing they've received an honest deal.
Crescent Appraisal Group, Inc. can assist you in relocating to or from Jefferson CountyMoving due to a job change is a real pain, and we understand. That being said, we take great care in setting up an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive characteristics of their property, as well as information regarding any current sales or listings in their neighborhood that they want considered during our thorough process.
Don't sell out short or let your home stay on the market too long.Whether you decide to sell your home on your own or use the assistance of a real estate agent, a professional appraisal can help you make a more informed decision regarding your selling price. An appraiser has no vested interest in what amount the house sells for, which is different than the interest of real estate agents. The price we charge isn't related to the sales price, but rather they are based on our efforts to finish the appraisal.
We determine 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 properties stay on the market. So, getting a professional appraisal is a reliable way to determine 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 for an extended amount of time.