Reasons to order an appraisal from Ring and AssociatesTo a lot of people, an appraisal is simply another cost in the long list of items for a home sale or refinance. And while there are a growing number of automated home valuation systems that may seem cheaper than an appraisal, nearly all lenders still need a local expert because the stakes are so high. But is obtaining a mortgage the only basis for getting an appraisal? Are there more situations when the services of a licensed, independent real estate professional could be beneficial? Of course there are.
Let Ring and Associates help you challenge your tax assessment in Jackson CountyIf you live in an area where the value of property has declined, it's possible you're paying too much in property taxes. When building your case, an appraisal from Ring and Associates is your best evidence. At Ring and Associates, we're qualified to assist you in appealing your tax assessment.
Ring and Associates can help you get rid of PMI to lower your mortgage paymentPrivate Mortgage Insurance, or PMI, is an extra insurance plan that many lenders ask homeowners to buy when the amount being loaned to the homeowner is more than 80% of the actual value of the home. Seeing that added payment is usually bundled into the monthly mortgage payment, it is often forgotten. PMI isn't required when the remainder of the loan - whether through market appreciation or principal pay down - decreases below the 80% level, making this very unfortunate. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to dismiss the PMI installments when the loan-to-value ratio conditions have been met.
If you'd like to do away with PMI, Ring and Associates can provide you with a statement regarding the value of your home. The price you paid for the home valuation can usually be regained in a short amount of time because you'll no longer be paying the PMI.
Settling a divorce with less stress with an appraisal from Ring and AssociatesA divorce is often complicated by the challenging decision of who gets the home, and it can be a very heartbreaking event for both parties. Regardless of the circumstances, it's a good idea to get an appraisal from Ring and Associates so both parties are entirely aware of the true market value of their house.
The parties will have a better idea of what price to set, if they want to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation.
Settling an estate with peace of mindLosing 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 real estate involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the highest degree of discretion.
Unlike many wealthy individuals, most Americans don't have dedicated estate planners or executors to handle these issues. A home or other property often makes up an unequal share of the total estate value, so knowing the true value of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've received a fair deal.
Let Ring and Associates assist you in relocating to or from Jackson CountyEmployee relocation can be a stressful event, and we understand. That being said, we take great care in organizing a convenient appointment time for the appraisal inspection. During our thorough process, we encourage relocating employees to provide input on the positive attributes of their property, as well as information about any current sales or listings in their neighborhood that they want considered.
Sell your home quickly at the right priceA professional appraisal will help you make a more informed decision when determining your selling 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, unlike real estate agents. The price we charge isn't a percentage of the sales price, but rather they rest on our efforts to finish the appraisal.
We examine the difference in value things like an extra bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long homes are on the market. So, seeking a professional appraisal is a reliable way to determine 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.