There are lots of reasons people call on Appraisal Review & Reports

To many, an appraisal is simply one more thing on the settlement sheet for a mortgage or refinance. And while there are a multiplying number of automated home valuation processes that might appear to be cheaper than an appraisal, most lenders still need a local expert because the stakes are very high. But is getting a mortgage the only basis for getting an appraisal? Are there other cases when the services of a licensed, independent real estate professional could be beneficial? You bet.


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Let Appraisal Review & Reports help you dispute your tax assessment in Washington County

It's probable 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 real estate, so if prices have gone down in your area, you can challenge your assessment and save money. An appraisal from Appraisal Review & Reports is your best evidence when building your case. At Appraisal Review & Reports,we can assist you in appealing your tax assessment.

Let Appraisal Review & Reports help you do away with PMI to lower your mortgage payment

When the amount being loaned to the home buyer is more than 80% of the actual value of the property, nearly all lenders ask home owners to take out an supplemental insurance plan. That policy is Private Mortgage Insurance, or PMI. Seeing that added payment is usually lumped into the monthly mortgage payment, it is often forgotten. PMI is no longer required when the leftover balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark, making this very unfavorable. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to eliminate the PMI payments when the loan-to-value ratio conditions have been met.

If you'd like to do away with PMI, Appraisal Review & Reports will provide you with a statement regarding the value of your home. The cost of the appraisal can generally be regained in a short amount of time because you'll no longer be paying the PMI.

Settling a divorce with less stress

A divorce can be an especially traumatic event for both parties, and it is often more complicated by the challenging decision of who gets the home. It's a good idea to get an appraisal from Appraisal Review & Reports so both parties are entirely aware of the true market value of their house, regardless of the circumstances.

If the parties wish 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.

Settling an estate with peace of mind

The loss 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 Market Value for the residential property involved. We ensure the highest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).

Most Americans don't have dedicated estate planners or executors to take care of these issues, unlike many wealthy individuals. And seeing that a home or other property often makes up an unequal share of the total estate value, knowing the certain value of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've gotten an honest deal.

Appraisal Review & Reports can help you with relocating to or from Washington County

We know the stress associated with an employee relocation. We take great care in setting up 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 about any recent sales or listings in their neighborhood that they want considered during our detailed process.

Don't sell out for too little or keep your home on the market too long.

A professional appraisal can 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 price the house sells for, unlike real estate agents. The price we charge isn't related to the sales price, but rather they depend on our efforts to finish the appraisal.

On a daily basis, we determine the difference in value items like an extra 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 houses stay on the market.