Reasons someone would need Aurora AppraisalsTo many, an appraisal just looks like another fee in the long list of items for a home sale or refinance. And even though there are a budding number of automated home valuation processes that may appear more prudent than an appraisal, most lenders still need a local expert because the stakes are so high. But is getting a mortgage the only basis for getting an appraisal? Are there other situations when the services of a licensed, independent real estate professional could be beneficial? Absolutely.
Let Aurora Appraisals help you appeal your tax assessment in Chelan CountyIt's quite possible you're paying too much in property taxes if you reside in an area where property values have declined. Property taxes are determined by a previous assessment of your house, so if values are less than what they used to be in your area, you can appeal your assessment and save money. An appraisal from Aurora Appraisals is your best evidence when building your case. At Aurora Appraisals,we can assist you in disputing your tax assessment.
Let Aurora Appraisals help you do away with PMI to lower your mortgage paymentPrivate Mortgage Insurance, or PMI, is a supplemental insurance policy that almost all lenders ask buyers to buy when the amount being loaned to the home owner is more than 80% of the actual value of the property. More often than not, this added payment is folded into the monthly mortgage payment and is soon forgotten. PMI isn't necessary when the leftover balance of the loan - whether through market appreciation or principal pay down - falls below the 80% level, making this very unfavorable. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to remove the PMI installments when the loan-to-value ratio conditions have been met.
If you'd like to do away with PMI, Aurora Appraisals will produce a statement regarding the value of your home. The price you paid for the appraisal can generally be regained in a short amount of time because you'll no longer be paying the PMI.
Divorce settlement with less stressA divorce can be a very traumatic ordeal for both parties, and it is often more complicated by the difficult decision of who keeps the house. Regardless of the situation, it's a good idea to get an appraisal from Aurora Appraisals so both parties are completely aware of the true market value of their property.
The parties will have a clearer picture 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 received a fair evaluation.
Fair and accurate estate liquidation with Aurora AppraisalsSettling an estateLosing 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 real estate involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the fullest degree of discretion.
Most Americans do not have dedicated estate planners or executors to handle these matters, unlike many wealthy individuals. And seeing that a home or other property often makes up a disproportionate share of the total estate value, understanding the certain value of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've gotten an honest deal.
Relocating to or from Chelan County?We are familiar with the stress involved with an employee relocation. That being said, we take great care in setting up a convenient 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 new sales or listings in their neighborhood that they want considered during our detailed process.
Don't sell out for too little or let your home stay on the market too long.Whether you choose to sell your home on your own or with the help of a real estate agent, a professional appraisal will help you make a more informed decision when determining your asking price. An appraiser has no vested interest in what amount the house sells for, which is different than the interest of real estate agents. Our fees are derived from our efforts to perform the appraisal report and not a percentage of the sales price.
We examine the difference in value items like an extra bathroom or a kitchen remodel can make on a daily basis. Seeking a professional appraisal is a reliable 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 homes stay on the market.