Why you should get an appraisal from M B Realty & AppraisalsTo a lot of people, an appraisal just looks like a line item on the break-sheet for a mortgage or refinance. While there are a budding number of automated home valuation systems that might appear to be less expensive than an appraisal, most lenders still need a local expert because the stakes are incredibly high. You might believe that obtaining a mortgage is the only reason to acquire an appraisal, but there are other cases when the services of a licensed, independent real estate professional might be beneficial.
Let M B Realty & Appraisals help you dispute your tax assessment in Saint James CountyIt's likely you're paying too much in property taxes if you reside in an area where property values have declined. Ad Valorem taxes are determined by a previous assessment of your house, so if prices are less than what they used to be in your neighborhood, you can appeal your assessment and save money. When building your case, an appraisal from M B Realty & Appraisals is your best evidence. At M B Realty & Appraisals, we're capable of assisting you in appealing your tax assessment.
Let M B Realty & Appraisals help you do away with PMI to lower your mortgage paymentWhen the amount being loaned to the home owner is more than 80% of the actual value of the real estate, most lenders ask homeowners to buy an supplemental insurance plan. That policy is Private Mortgage Insurance, or PMI. More often than not, this extra payment is folded into the monthly mortgage payment and is quickly forgotten. This is bad because PMI is no longer required when the remaining balance of the loan - whether through market appreciation or principal pay down - dips below the 80% level. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress requiring lenders to dismiss the PMI installments on most mortgages when the balance is paid down to 78% of the original value.
M B Realty & Appraisals can produce a statement regarding the value of your home, and the price you paid for the appraisal can generally be recovered in a short amount of time because you'll no longer be paying the PMI.
An appraisal from M B Realty & Appraisals will help you settle a divorce with less stressA divorce can be a particularly daunting experience for both parties, and it is often more complicated by the strenuous decision of who keeps the property. So both parties are fully aware of the true market value of their house, it's a good idea to get an appraisal from M B Realty & Appraisals, regardless of the situation.
The parties will have a clearer picture 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.
Accurate and fair estate liquidationThe death of a loved one is a painful time in life, and settling an estate from a death, or probate, often calls for an appraisal to establish Fair Market Value for the real estate involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the maximum degree of discretion.
Most Americans do not have dedicated estate planners or executors to handle these issues, unlike many 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 significant importance to ensuring disputing parties walk away knowing they've received an honest deal.
Relocating to or from Saint James County?Moving due to a job change is a more than just an inconvenience, and we understand. That's why we take great care in organizing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive attributes of their property, along with information regarding any recent sales or listings in their neighborhood that they want considered during our detailed process.
Let M B Realty & Appraisals help you sell your home quickly at the right priceA professional appraisal will help you make a better educated decision when determining your asking price, whether you want to sell your home on your own or with the help of a real estate agent. An appraiser has no vested interest in what amount the house sells for, which is different than the interest of real estate agents. Our fees are based on our efforts to perform the appraisal report and not a percentage of the sales price.
On a daily basis, we analyze the difference in value things like an additional bathroom or a kitchen remodel can make. Obtaining a professional appraisal is a trusted way to decide what improvements will add value and what a suitable 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 homes stay on the market.