Ordering an appraisal from My Appraisal Office LLCTo many, an appraisal is simply a line item in the long list of items for a mortgage or refinance. Even though there are an increasing number of automated home valuation methods that may appear to be cheaper than an appraisal, almost all lenders still call in a local expert because the stakes are so high. You might assume that securing a mortgage is the only basis for getting an appraisal, but there are other times when the services of a certified, independent real estate professional might be beneficial.
Dispute your tax assessment in King CountyIt's quite possible you're paying too much in property taxes if you live in an area where property values have depreciated. Ad Valorem taxes are based upon a past assessment of your real estate, so if values have declined in your area, you can challenge your assessment and save money. An appraisal from My Appraisal Office LLC is your best evidence when building your case. At My Appraisal Office LLC,we can assist you in appealing your tax assessment.
How can you get rid of PMI to lower your mortgage payment?Private Mortgage Insurance, or PMI, is an extra insurance policy that almost all lenders ask home buyers to buy when the amount being loaned to the homebuyer is more than 80% of the actual value of the property. This extra payment is often bundled into the monthly mortgage payment and is soon forgotten. This is damaging because PMI is no longer required when the remaining balance of the loan - whether through market appreciation or principal pay down - falls below the 80% level. In fact, the Homeowners Protection Act (HPA) of 1998 was approved by the United States Congress requiring lenders to do away with the PMI installments when the balance is paid down to 78% of the original value.
My Appraisal Office LLC can give you a statement regarding the value of your home, and the price you paid for the appraisal can usually be regained in just a few months because you'll no longer be paying the PMI.
Divorce settlement with less stressA divorce is often complicated by the strenuous decision of who maintains the property, and it can be a particularly heartbreaking occurrence for both parties. It's a good idea to order an appraisal from My Appraisal Office LLC so both parties are entirely aware of the true market value of their home, regardless of the situation.
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.
Accurate and fair estate liquidation with My Appraisal Office LLCSettling 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 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 manage these matters, unlike many wealthy individuals. And since a home or other property often makes up an unequal share of the total estate value, understanding the correct value of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've gotten a fair deal.
My Appraisal Office LLC can assist you in relocating to or from King CountyWe are aware of the stress associated with an employee relocation. That being said, we take great care in establishing a convenient appointment time for the appraisal inspection. During our detailed process, we suggest employees that are moving to provide feedback on the positive aspects of their property, as well as information about any current sales or listings in their area that they want considered.
Let My Appraisal Office LLC assist you in selling your home quickly at the right priceA professional appraisal can help you make a better educated decision when determining your selling price, whether you decide to sell your home on your own or use the assistance of a real estate agent. An appraiser has no vested interest in what price the house sells for, which is different than the interest of real estate agents. Our fees aren't related to the sales price, but rather they rest on our efforts to finish the appraisal.
We examine the difference in value things like an additional bathroom or a kitchen remodel can make on a daily basis. Getting 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 - because we're experts in knowing how long homes stay on the market.