Why you should hire an appraiserEach year, thousands of people in Pennsylvania buy, sell or refinance their home. Most of these transactions have a simple line item for an appraisal. Nearly all lenders still need a local expert because the stakes are incredibly high, even though there are a budding number of automated home valuation processes that might appear to be more cost-effective than an appraisal. You might assume that obtaining a mortgage is the only reason to acquire an appraisal, but there are other instances when the services of a certified, independent real estate professional could come in handy.
Let All Service Real Estate help you dispute your tax assessment in Allegheny CountyIf you reside in an area where property values have declined, it's possible you're paying too much in property taxes. When building your case, an appraisal from All Service Real Estate is your best evidence. At All Service Real Estate, we're qualified to assist you in appealing your tax assessment.
All Service Real Estate can help you eliminate PMI to lower your mortgage paymentWhen the amount being loaned to the homebuyer is more than 80% of the actual value of the real estate, nearly all lenders ask homeowners to purchase an added insurance plan. That policy is Private Mortgage Insurance, or PMI. Since the added payment is usually lumped into the monthly mortgage payment, it is often forgotten. This is bad because PMI is no longer required when the leftover balance of the loan - whether through market appreciation or principal pay down - goes below the 80% mark. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to dismiss the PMI installments when the loan-to-value ratio conditions have been met.
All Service Real Estate can produce a statement regarding the value of your home, and the price you paid for the home valuation can generally be regained in just a few months because you'll no longer be paying the PMI.
Settling a divorce with less stress with an appraisal from All Service Real EstateA divorce is often complicated by the difficult decision of who keeps the house, and it can be a very traumatic occurrence for both parties. Regardless of the situation, it's a good idea to order an appraisal from All Service Real Estate so both parties are completely aware of the true market value of their house.
The parties will have a clearer picture of what price to set, if they need to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.
Settling an estate with peace of mindThe death of a loved one is a hard time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Market Value for the residential property involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the fullest degree of discretion.
Unlike many wealthy individuals, most Americans do not have dedicated estate planners or executors to handle these issues. And since a home or other property often makes up a disproportionate share of the total estate value, knowing the correct value of the real estate at hand is of significant importance to ensuring disputing parties leave knowing they've gotten an honest deal.
All Service Real Estate can assist you in relocating to or from Allegheny CountyMoving due to a job change can be a stressful event. We know where you're coming from. That being said, we take great care in setting up an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive characteristics of their property, as well as information about any new sales or listings in their area that they want considered during our thorough process.
Don't sell out short or keep your home on the market too long.A professional appraisal will help you make a more informed decision when determining your asking price, whether you decide 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 are derived from our efforts to finish the appraisal report and and aren't related to the sales price.
On a daily basis, we examine the difference in value items like an additional bathroom or a kitchen remodel can make. And we're experts in knowing how long houses are on the market. So, getting a professional appraisal is a reliable way to determine 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.