Reasons to get an appraisal from Reese Appraisal ServiceTo many, an appraisal just looks like one more thing in the long list of items for a home purchase or refinance. Most lenders still call for a local expert because the stakes are incredibly high, even though there are a developing number of automated home valuation systems that might seem more practical than an appraisal. But is obtaining a mortgage the only reason to get an appraisal? Are there additional instances when the services of a certified, independent real estate professional might be helpful? Of course.
Challenge your tax assessment in King CountyIt's likely you're paying too much in property taxes if you reside in an area where property values have depreciated. Ad Valorem taxes are based upon a previous assessment of your home, so if prices have gone down in your neighborhood, you can appeal your assessment and save money. When building your case, an appraisal from Reese Appraisal Service is your best evidence. We're equipped to assist you in challenging your tax assessment.
Let Reese Appraisal Service assist you in lowering your mortgage paymentWhen the amount being loaned to the homebuyer is more than 80% of the actual value of the real estate, many lenders ask home buyers to buy an added insurance plan. That policy is Private Mortgage Insurance, or PMI. More often than not, this extra payment is bundled into the monthly mortgage payment and is quickly forgotten. PMI is unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - falls below the 80% mark, making this very unfortunate. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to do away with the PMI payments when the loan-to-value ratio conditions have been met.
Reese Appraisal Service 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 just a few months because you'll no longer be paying the PMI.
Settling a divorce with less stress with an appraisal from Reese Appraisal ServiceA divorce is an especially traumatic event for the parties involved, and it is often more complicated by the difficult decision of who gets the house. Regardless of the circumstances, it's wise to order an appraisal from Reese Appraisal Service so both parties are fully aware of the true market value of their property.
The parties will have a clearer picture of what price to set, if they need to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair assessment.
Accurate and fair estate liquidation with Reese Appraisal ServiceSettling an estateThe loss of a loved one is a difficult 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. We ensure 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 take care of these matters, unlike many wealthy individuals. A home or other property often makes up an unequal share of the total estate value, so understanding the true value of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've gotten a fair deal.
Let Reese Appraisal Service help you with relocating to or from King CountyWe are aware of the headaches involved with an employee relocation. We take great care in establishing 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 neighborhood that they want considered during our intensive process.
Let Reese Appraisal Service help you sell your home quickly at the right priceA professional appraisal will help you make a more informed decision when determining your asking price, whether you want to sell your home on your own or use the assistance of a real estate agent. An appraiser has no vested interest in what price the house sells for, unlike real estate agents. Our fees aren't related to the sales price, but rather they depend on our efforts to complete the appraisal.
On a daily basis, we determine the difference in value things like an additional bathroom or a kitchen remodel can make. And we're experts in knowing how long properties stay on the market. So, obtaining a professional appraisal is a trusted 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 an unnecessarily long time.