Why you should get an appraisal
Thousands of people in Pennsylvania buy, sell or refinance their home every year. A lot of these transactions include a simple line item for an appraisal. The majority of lenders still call for a local expert because the stakes are incredibly high, even though there are a growing number of automated home valuation methods that may seem more economical than an appraisal. Is getting a mortgage the only reason to acquire an appraisal? Are there additional cases when the services of a licensed, independent real estate professional might be beneficial? Of course.
Appeal your tax assessment
It's probable you're paying too much in property taxes if you reside in an area where property values have depreciated. Ad Valorem taxes are based upon a past assessment of your home, so if prices have declined in your neighborhood, you can challenge your assessment and save money. An appraisal from Nordquist Appraisal LLC is your best evidence when building your case. We're equipped to assist you in appealing your tax assessment.
PMI removal to lower a mortgage payment
When the amount being loaned to the homebuyeris more than 80% of the actual value of the home, many lenders ask buyers to take out this added insurance policy. That policy is Private Mortgage Insurance, or PMI. Since the extra payment is usually lumped into the monthly mortgage payment, it is often forgotten. This is bad because PMI becomes unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - dips below the 80% level. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to dismiss the PMI installments when the loan-to-value ratio conditions have been met.
Nordquist Appraisal LLC will produce a statement regarding the value of your home, and the expense of the home valuation can generally be recovered in a short amount of time because you'll no longer be paying the PMI.
Order your appraisal from Nordquist Appraisal LLC todayOrder today
Get a clear valuation on a home take make a divorce settlement less stressful
A divorce is often complicated by the troublesome decision of who keeps the property, and it can be a particularly horrible ordeal for both parties. Regardless of the circumstances, it's a good idea to get an appraisal from Nordquist Appraisal LLC so both parties are entirely aware of the true market value of their property.
The parties will have a clearer picture 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.
Determine an accurate and fair valuation for estate liquidation
The loss of a loved one is a hard time in life, and settling an estate from a death, or probate, often calls for an appraisal to establish Fair Market Value for the residential property involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the fullest degree of discretion.
Unlike many wealthy individuals, most Americans do not have dedicated estate planners or executors to handle these affairs. 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 essential importance to ensuring disputing parties leave knowing they've gotten an honest deal.
Move to or from Allegheny County for work
We are aware of the headaches involved with an employee relocation. That's why we take great care in organizing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive attributes of their property, along with information regarding any recent sales or listings in their neighborhood that they want considered during our thorough inspection.
Close on your home promptly — at the right price
A professional appraisal will help you make a better educated 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, apart from real estate agents. Our fees are calculated on our efforts to complete the appraisal report and not a percentage of the sales price.
We analyze the difference in value things like an additional bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long housesare on the market. So, getting a professional appraisal is a trusted way to determine what improvements will add value and what an appropriate sales price is for your home so you don't come up short or have your house on the market an unnecessarily long time.