D.C. Appraisal Service in Quincy are hired for numerous reasonsEvery year, thousands of people in Massachusetts purchase, sell or refinance their home. A lot of these transactions include a simple line item for an appraisal. And even though there are a budding number of automated home valuation systems that might appear more cost-effective than an appraisal, nearly all lenders still call for a local expert because the stakes are very high. But is getting a mortgage the only reason you should get an appraisal? Are there also situations when the services of a licensed, independent real estate professional could come in handy? You bet there are.
Appeal your tax assessment in Norfolk CountyIt's likely you're paying too much in property taxes if you reside 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 D.C. Appraisal Service is your best evidence when building your case. We're qualified to assist you in disputing your tax assessment.
Eliminating PMI will lower your mortgage paymentWhen the amount being loaned to the homeowner is more than 80% of the actual value of the real estate, nearly all lenders ask buyers to take out an additional insurance policy. That policy is Private Mortgage Insurance, or PMI. This extra payment is often folded into the monthly mortgage payment and is promptly forgotten. PMI isn't necessary when the remainder of the loan - whether through market appreciation or principal pay down - decreases below the 80% level, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress that requires lenders to dismiss the PMI payments when the balance is paid down to 78% of the original value.
D.C. Appraisal Service can provide you with a statement regarding the value of your home, and the price you paid for the appraisal can usually be regained in little time because you'll no longer be paying the PMI.
Settling a divorce with less stress with an appraisal from D.C. Appraisal ServiceA divorce can be a particularly traumatic ordeal for both parties, and it is often even more complicated by the challenging decision of who gets the property. So both parties are entirely aware of the true market value of their property, it's a good idea to get an appraisal from D.C. Appraisal Service, regardless of the circumstances.
If the parties need to sell the home, they'll have a a good idea of what price to set. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.
Fair and accurate estate liquidation with help from D.C. Appraisal ServiceSettling an estateLosing 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. We ensure the fullest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Unlike wealthier individuals, most Americans do not have dedicated estate planners or executors to take care of these issues. A home or other property often makes up an uneven share of the total estate value, so understanding the true value of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've received an honest deal.
D.C. Appraisal Service can help you with relocating to or from Norfolk CountyMoving due to a job change is a real pain. We know where you're coming from. We take great care in setting up a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive characteristics of their property, as well as information about any recent sales or listings in their area that they want considered during our intensive process.
Don't sell out short or let your home stay on the market too long.A professional appraisal will help you make a better educated decision regarding your asking price, whether you decide to sell your home on your own or use the assistance of a real estate agent. With much different interests than a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees depend on 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 extra bathroom or a kitchen remodel can make. And we're experts in knowing how long homes stay on the market. So, getting a professional appraisal is a trusted 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.