There are lots of reasons consumers call on Blue Ridge Appraisal Co., L.L.C.To a lot of us, an appraisal just looks like one more thing on the break-sheet for a mortgage or refinance. And even though there are an increasing number of automated home valuation methods that might appear more prudent than an appraisal, the majority of lenders still need a local expert because the stakes are very high. But is obtaining a mortgage the only reason to acquire an appraisal? Are there other situations when the services of a licensed, independent real estate professional might be beneficial? You bet there are.
Appeal your tax assessment in Staunton City CountyIf you reside in an area where property values have depreciated, it's possible you're paying too much in property taxes. When building your case, an appraisal from Blue Ridge Appraisal Co., L.L.C. is your best evidence. At Blue Ridge Appraisal Co., L.L.C.,we can assist you in challenging your tax assessment.
PMI removal to lower your mortgage paymentWhen the amount being loaned to the homeowner is more than 80% of the actual value of the real estate, many lenders ask home buyers to purchase an additional insurance plan. That policy is Private Mortgage Insurance, or PMI. Since the additional payment is usually lumped into the monthly mortgage payment, it is often forgotten. PMI is no longer required when the remaining balance of the loan - whether through market appreciation or principal pay down - falls below the 80% mark, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress that requires lenders to remove the PMI payments when the balance is paid down to 78% of the original value.
If you'd like to get rid of PMI, Blue Ridge Appraisal Co., L.L.C. can produce a statement regarding the value of your home. The expense of the home valuation can usually be recovered in little time because you'll no longer be paying the PMI.
An appraisal from Blue Ridge Appraisal Co., L.L.C. will help you settle a divorce with less stressA divorce is a very heartbreaking event for the parties involved, and it is often more complicated by the difficult decision of who keeps the house. It's a good idea to get an appraisal from Blue Ridge Appraisal Co., L.L.C. so both parties are entirely aware of the true market value of their property, regardless of the situation.
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 received a fair assessment.
Settling an estate with peace of mindThe 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 real estate involved. We ensure the utmost 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. A home or other property often makes up a disproportionate share of the total estate value, so understanding the true value of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've gotten a fair deal.
Let Blue Ridge Appraisal Co., L.L.C. help you with relocating to or from Staunton City CountyWe are familiar with the headaches associated with an employee relocation. That being said, we take great care in setting up a convenient appointment time for the appraisal inspection. During our detailed process, we recommend relocating employees to provide remarks on the positive aspects of their property, as well as information about any current sales or listings in their neighborhood that they want considered.
Selling your home quickly at the right priceA professional appraisal can help you make a more informed decision when determining your selling price, whether you want to sell your home on your own or use the assistance of a real estate agent. Unlike a real estate agent, an appraiser has no vested interest in what amount the house sells for. The price we charge isn't contingent upon the value we come up with, but rather they depend on our efforts to complete the appraisal.
We analyze the difference in value items like an additional bathroom or a kitchen remodel can make on a daily basis. Obtaining a professional appraisal is a reliable way to decide 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 - because we're experts in knowing how long houses are one the market.