6 Reasons to choose an appraisal from Nordquist Appraisal LLC
Every year, thousands of people in Pennsylvania purchase, sell or refinance their home. A lot of these transactions have a simple line item for an appraisal. The majority of lenders still call in a local expert because the stakes are incredibly high, even though there are an increasing number of automated home valuation methods that may appear cheaper than an appraisal. Is getting a mortgage the only reason to get an appraisal? Are there more cases when the services of a licensed, independent real estate professional could come in handy? Of course.
Challenge your tax assessment in Allegheny County
If you are in an area where the property value has declined, it's possible you're paying too much in property taxes. An appraisal from Nordquist Appraisal LLC is your best evidence when building your case. We can assist you in disputing your tax assessment.
Removing PMI for mortgage payments
Private Mortgage Insurance, or PMI, is an added insurance policy that nearly all lenders ask homeowners to buy when the amount being loaned to the home owner is more than 80% of the actual value of the real estate. Since the additional payment is usually lumped into the monthly mortgage payment, it is often forgotten. This is bad because PMI isn't necessary when the leftover balance of the loan - whether through market appreciation or principal pay down - dips below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress that requires lenders to do away with the PMI payments when the loan-to-value ratio conditions have been met.
If you'd like to eliminate PMI, Nordquist Appraisal LLC will provide you with a statement regarding the value of your home. The expense of the home valuation can often be recovered in little time because you'll no longer be paying the PMI.
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Settle a divorce with less stress
A divorce can be an especially traumatic event for both parties, and it is often even more complicated by the burdensome decision of who gets the house. So both parties are fully aware of the true market value of their home, it's a good idea to order an appraisal from Nordquist Appraisal LLC, regardless of the situation.
The parties will have a good idea of what price to set, if they wish to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.
Fair and accurate estate liquidation
The death of a loved one is a hard time in life, and settling an estate from a death, or probate, often requires 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, guaranteeing the maximum degree of discretion.
Unlike wealthier individuals, most Americans do not have dedicated estate planners or executors to take care of these affairs. And seeing that a home or other property often makes up a disproportionate share of the total estate value, understanding the true value of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've gotten an honest deal.
Move to or from Allegheny County for work
We are familiar with the headaches involved with an employee relocation. We take great care in setting up an accommodating appointment time for the appraisal inspection. During our intensive inspection, we recommend relocating employees to provide input on the positive characteristics of their property, as well as information regarding any recent sales or listings in their area that they want considered.
Close on your home promptly — for an accurate 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, unlike real estate agents. Our fees aren't related to the sales price, but rather they rest on our efforts to complete the appraisal report.
On a daily basis, we analyze the difference in value things like an extra bathroom or a kitchen remodel can make. 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.