Why you should get an appraisal from Cross Appraisal ServiceTo a lot of people, an appraisal just looks like another cost on the settlement sheet for a home sale or refinance. The majority of lenders still want a local expert because the stakes are incredibly high, even though there are a growing number of automated home valuation methods that might seem less expensive than an appraisal. You might assume that securing a mortgage is the only reason to get an appraisal, but there are other situations when the services of a licensed, independent real estate professional might be beneficial.
Appeal your tax assessment in Coos CountyIt's likely you're paying too much in property taxes if you live in an area where property values have depreciated. Property taxes are determined by a previous assessment of your house, so if prices have gone down in your neighborhood, you can appeal your assessment and save money. An appraisal from Cross Appraisal Service is your best evidence when building your case. We're equipped to assist you in challenging your tax assessment.
PMI removal will lower your mortgage paymentWhen the amount being loaned to the buyer is more than 80% of the actual value of the home, many lenders ask homebuyers to buy an additional insurance policy. That policy is Private Mortgage Insurance, or PMI. Oftentimes, this extra payment is bundled into the monthly mortgage payment and is soon forgotten. PMI is unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - dips below the 80% mark, making this very unfortunate. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress requiring lenders to remove the PMI installments on most mortgages when the balance is paid down to 78% of the original value.
Cross Appraisal Service will provide you with a statement regarding the value of your home, and the expense of the appraisal can generally be recovered in a short amount of time because you'll no longer be paying the PMI.
Settling a divorce with less stressA divorce can be a particularly traumatic event for both parties, and it is often further complicated by the troublesome decision of who keeps the property. Regardless of the situation, it's prudent to get an appraisal from Cross Appraisal Service so both parties are entirely aware of the true market value of their property.
The parties will have a better idea of what price to set, if they wish to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.
Fair and accurate estate liquidationThe loss of a loved one is a painful 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, ensuring the maximum degree of discretion.
Unlike wealthy individuals, most Americans do not have dedicated estate planners or executors to manage these issues. A home or other property often makes up an uneven share of the total estate value, so knowing the true value of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've gotten an honest deal.
Cross Appraisal Service can assist you in relocating to or from Coos CountyWe know the stress associated with an employee relocation. That's why 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 aspects of their property, as well as information about any new sales or listings in their neighborhood that they want considered during our intensive process.
Let Cross Appraisal Service help you sell your home quickly at the right priceWhether 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 regarding your selling price. Unlike a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees are based on our efforts to complete 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 properties are on the market. So, getting a professional appraisal is a trusted 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.