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Why an appraisal?
- Selling a Home
- An appraisal can help value a home and allow it to be properly priced in the market. Real Estate Brokers have an interest in obtaining your listing and may not have your best interest at heart. An Appraisal by a disinterested third party will provide you with an accurate estimate of Market Value for your Home.
- Buying a Home
- Buying a home is a hard task with buyers often allowing emotions to influence their decisions. An appraisal will provide a borrower with an unbiased opinion of value.
- Mortgage Application:
- An Appraisal allows a Mortgage Lender to ensure that the home is proper collateral for the mortgage they are issuing. We work with many large national and local lenders.
- Reducing PMI Insurance:
- PMI Insurance insures a lender against loss on homes purchased with a down payment of less than 20 percent. This additional cost is often hundreds of dollars a year and does not need to be paid once the equity in the home is 20% of the estimated value. An appraisal can be submitted to the mortgage company to prove that the value of the home is sufficient to remove the PMI Insurance. For more information: Eliminate PMI Insurance:
- Divorce:
- An appraisal is often needed to help settle disputes regarding the value of the home during settlement proceedings in a divorce.
- Estate:
- An appraisal will value a home for the estate as of the date of death allowing for settlement of the estate.
- Real Estate Tax Reduction:
- If your home is over assessed a Real Estate Appraisal can provide you with the information you need in order to have your Taxes reduced.
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