Reasons someone would need Ann Baum Appraisal ServiceTo many, an appraisal is simply one more thing in the long list of items for a home purchase or refinance. The majority of lenders still call in a local expert because the stakes are so high, even though there are a multiplying number of automated home valuation processes that might seem more prudent than an appraisal. You might assume that obtaining a mortgage is the only reason you should get an appraisal, but there are other times when the services of a certified, independent real estate professional might be helpful.
Dispute your tax assessment in Dare CountyIf you reside in an area where property values have declined, it's possible you're paying too much in property taxes. When building your case, an appraisal from Ann Baum Appraisal Service is your best evidence. We're capable of assisting you in appealing your tax assessment.
How can you eliminate PMI to lower your mortgage payment?Private Mortgage Insurance, or PMI, is an added insurance policy that almost all lenders ask homebuyers to buy when the amount being loaned to the home owner is more than 80% of the actual value of the real estate. Very often, this additional payment is bundled into the monthly mortgage payment and is promptly forgotten. This is unfavorable because PMI isn't necessary when the remainder of the loan - whether through market appreciation or principal pay down - goes below the 80% level. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to remove the PMI installments when the loan-to-value ratio conditions have been met.
If you'd like to eliminate PMI, Ann Baum Appraisal Service can produce a statement regarding the value of your home. The expense of the home valuation can often be offset in just a few months because you'll no longer be paying the PMI.
An appraisal from Ann Baum Appraisal Service will help you settle a divorce with less stressA divorce is an especially daunting ordeal for the parties involved, and it is often more complicated by the hard decision of who gets the home. So both parties are entirely aware of the true market value of their home, it's a good idea to get an appraisal from Ann Baum Appraisal Service, regardless of the situation.
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 assessment.
Accurate and fair estate liquidationThe 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 Market Value for the real estate involved. We guarantee the maximum degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Unlike wealthier individuals, most Americans don't have dedicated estate planners or executors to take care of these matters. A home or other property often makes up an unequal share of the total estate value, so understanding the true value of the real estate at hand is of significant importance to ensuring disputing parties leave knowing they've gotten an honest deal.
Let Ann Baum Appraisal Service assist you in relocating to or from Dare CountyMoving due to a job change is a real pain, and we understand. That's why we take great care in organizing an accommodating appointment time for the appraisal inspection. During our detailed process, we suggest relocating employees to provide feedback on the positive features of their property, along with information regarding any new sales or listings in their area that they want considered.
Sell your home quickly at the right priceA professional appraisal can help you make a better educated decision regarding your asking price, whether you choose to sell your home on your own or with the help of a real estate agent. With much different interests than a real estate agent, an appraiser has no vested interest in what amount the house sells for. The price we charge isn't related to the sales price, but rather they rest on our efforts to complete the appraisal.
On a daily basis, we examine the difference in value things like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long homes stay on the market. So, 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.