Reasons to choose an appraisal from Accuracy Matters Appraisals
To a lot of people, an appraisal just looks like one more thing in the long list of items for a home purchase or refinance. And even though there are a multiplying number of automated home valuation systems that may appear to be more practical than an appraisal, the majority of lenders still want a local expert because the stakes are incredibly high. You might think that obtaining a mortgage is the only reason you should get an appraisal, but there are additional situations when the services of a certified, independent real estate professional might be helpful.
Dispute 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 Accuracy Matters Appraisals is your best evidence when building your case. At Accuracy Matters Appraisals, we're equipped to assist you in challenging your tax assessment.
Getting rid of your PMI for mortgage payments
When the amount being loaned to the homeowneris more than 80% of the actual value of the home, most lenders ask homebuyers to take out this extra insurance plan. That policy is Private Mortgage Insurance, or PMI. Most often, this extra payment is lumped into the monthly mortgage payment and is promptly forgotten. This is unfavorable because PMI isn't necessary when the remainder of the loan - whether through market appreciation or principal pay down - dips below the 80% level. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to do away with the PMI payments when the loan-to-value ratio conditions have been met.
Accuracy Matters Appraisals can produce a statement regarding the value of your home, and the price you paid for the appraisal can usually be offset in just a few months because you'll no longer be paying the PMI.
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Divorce settlement with less stress
A divorce can be a very traumatic event for both parties, and it is often more complicated by the strenuous 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 Accuracy Matters Appraisals, regardless of the situation.
If the parties wish to sell the home, they'll have a clearer picture of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair assessment.
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 calls for an appraisal to establish Fair Market Value for the residential property 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).
Unlike many wealthy individuals, most Americans don't have dedicated estate planners or executors to manage these affairs. A home or other property often makes up an unequal share of the total estate value, so knowing the true worth of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've gotten a fair deal.
Relocate to or from Rio Grande County for work
Employee relocation is a stressful event, and we understand. That's why we take great care in organizing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive attributes of their property, as well as information about any recent sales or listings in their neighborhood that they want considered during our thorough inspection.
Sell your home promptly — for the right price
Whether you decide to sell your home on your own or with the help of a real estate agent, a professional appraisal can help you make a better educated decision regarding your asking price. An appraiser has no vested interest in what amount the house sells for, apart from real estate agents. Our fees are calculated on our efforts to finish the appraisal report and not a percentage of the sales price.
On a daily basis, we examine the difference in value things like an additional bathroom or a kitchen remodel can make. Obtaining 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 properties stay on the market.