6 Reasons to consider an appraisal from Ascension Appraisal

To a lot of us, an appraisal just looks like a line item on the break-sheet for a home purchase or refinance. Most lenders still call for a local expert because the stakes are very high, even though there are a budding number of automated home valuation systems that might seem more economical than an appraisal. You might think that securing a mortgage is the only reason to acquire an appraisal, but there are more times when the services of a licensed, independent real estate professional could come in handy.

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Challenge your tax assessment in Worcester County

If 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 us is your best evidence. We're equipped to assist you in disputing your tax assessment.

PMI removal to lower your mortgage payment

When the amount being loaned to the home owneris more than 80% of the actual value of the real estate, nearly all lenders ask homebuyers to purchase this added insurance plan. That policy is Private Mortgage Insurance, or PMI. More often than not, this extra payment is bundled into the monthly mortgage payment and is quickly forgotten. This is bad because PMI isn't necessary when the leftover balance of the loan - whether through market appreciation or principal pay down - goes below the 80% level. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress requiring lenders to do away with the PMI payments when the loan-to-value ratio conditions have been met.

If you'd like to do away with PMI, Ascension Appraisal can give you a statement regarding the value of your home. The price you paid for the appraisal can often be regained in just a few months because you'll no longer be paying the PMI.

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Divorce settlement with fewer hang-ups

A divorce is often complicated by the challenging decision of who keeps the property, and it can be an especially horrible experience for both parties. Regardless of the circumstances, it's a good idea to order an appraisal from Ascension Appraisal so both parties are fully aware of the true market value of their home.

If the parties need to sell the home, they'll have a clearer picture of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair assessment.

Accurate and fair estate liquidation

The death of a loved one is a difficult time in life, and settling an estate from a death, or probate, often entails 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, guaranteeing the fullest degree of discretion.

Most Americans do not have dedicated estate planners or executors to handle these affairs, unlike wealthy individuals. 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 vital importance to ensuring disputing parties walk away knowing they've gotten an honest deal.

Relocate to or from Worcester County through an employee relocation program

We are aware of the stress involved with an employee relocation. We take great care in setting up a convenient appointment time for the appraisal inspection. During our detailed inspection, we recommend relocating employees to provide feedback on the positive attributes of their property, along with information regarding any current sales or listings in their area that they want considered.

Close on your home quickly — for an accurate price

A professional appraisal can help you make a better educated decision when determining your asking price, whether you choose 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. Our fees are calculated on our efforts to finish the appraisal report and not a percentage of the sales price.

On a daily basis, we analyze the difference in value items like an additional bathroom or a kitchen remodel can make. Getting a professional appraisal is a reliable way to decide 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, because we're experts in knowing how long properties are one the market.

Let Ascension Appraisal assist you in selling your home quickly at the right price