Why you should hire an appraiserTo many, an appraisal is simply another cost on the break-sheet for a home sale or refinance. Almost all lenders still need a local expert because the stakes are so high, even though there are a growing number of automated home valuation processes that might seem cheaper than an appraisal. You might believe that getting a mortgage is the only reason to acquire an appraisal, but there are additional times when the services of a certified, independent real estate professional might be helpful.Appeal your tax assessment in Kent CountyIf you live in an area where the value of property has declined, it's possible you're paying too much in property taxes. An appraisal from Rivertown Appraisal is your best evidence when building your case. At Rivertown Appraisal, we're qualified to assist you in disputing your tax assessment.Let Rivertown Appraisal help you lower your mortgage paymentPrivate Mortgage Insurance, or PMI, is an additional insurance policy that most lenders ask homebuyers to buy when the amount being loaned to the buyer is more than 80% of the actual value of the home. Most often, this added payment is lumped into the monthly mortgage payment and is quickly forgotten. PMI becomes unnecessary when the remaining balance 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 that requires lenders to do away with the PMI payments when the balance is paid down to 78% of the original value.If you'd like to get rid of PMI, Rivertown Appraisal will provide you with a statement regarding the value of your home. The cost of the appraisal can often be offset in little time because you'll no longer be paying the PMI. Settling a divorce with less stressA divorce is a very daunting event for the parties involved, and it is often more complicated by the burdensome decision of who keeps the home. Regardless of the situation, it's wise to order an appraisal from Rivertown Appraisal 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 if a "buyout" is the chosen option, both parties will feel like they've gotten a fair assessment. Fair and accurate estate liquidation with help from Rivertown AppraisalSettling an estateThe death of a loved one is a hard time in life, and settling an estate from a death, or probate, often requires 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 maximum degree of discretion.Unlike wealthy individuals, most Americans don't have dedicated estate planners or executors to manage these affairs. And since a home or other property often makes up an uneven share of the total estate value, understanding the certain value of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've received an honest deal. Relocating to or from Kent County?We are familiar with the headaches associated with an employee relocation. That being said, we take great care in setting up an accommodating appointment time for the appraisal inspection. During our thorough process, we encourage employees that are moving to provide input on the positive characteristics of their property, as well as information about any new sales or listings in their area that they want considered.Sell your home quickly at the right price with an appraisal from Rivertown Appraisal
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