Why you should get an appraisal from Thornton Appraisal Services
To many, an appraisal just looks like another cost on the settlement sheet for a home purchase or refinance. The majority of lenders still call for a local expert because the stakes are incredibly high, even though there are an increasing number of automated home valuation processes that might appear more cost-effective than an appraisal. Is securing a mortgage the only basis for getting an appraisal? Are there additional times when the services of a certified, independent real estate professional could come in handy? Of course.
Contest your tax assessment in Cherokee County
It's likely you're paying too much in property taxes if you reside in an area where property values have depreciated. Ad Valorem taxes are determined by a past assessment of your home, so if prices are less than what they used to be in your area, you can appeal your assessment and save money. An appraisal from Thornton Appraisal Services is your best evidence when building your case. We're capable of assisting you in appealing your tax assessment.
PMI removal to lower your mortgage payment
Private Mortgage Insurance, or PMI, is an added insurance policy that nearly all lenders ask home buyers to buy when the amount being loaned to the homebuyer is more than 80% of the actual value of the property. Very often, this added payment is bundled into the monthly mortgage payment and is soon forgotten. This is damaging because PMI isn't required when the remainder of the loan - whether through market appreciation or principal pay down - falls below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was invoked by the United States Congress that requires lenders to dismiss the PMI payments when the loan-to-value ratio conditions have been met.
If you'd like to eliminate PMI, Thornton Appraisal Services can provide you with a statement regarding the value of your home. The price you paid for the home valuation can usually be offset in just a few months because you'll no longer be paying the PMI.
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Divorce settlement with less stress
A divorce is a very daunting event for the parties involved, and it is often more complicated by the burdensome decision of who maintains the house. Regardless of the situation, it's a good idea to get an appraisal from Thornton Appraisal Services so both parties are completely aware of the true market value of their house.
The parties will have a better idea of what price to set, if they need to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've gotten a fair assessment.
Ascertain a fair and accurate valuation for estate liquidation
The loss 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 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 handle these issues, unlike wealthy individuals. And seeing that a home or other property often makes up an unequal share of the total estate value, knowing the true worth 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 Cherokee County for work
Employee relocation is a stressful event, and we understand. That's why we take great care in organizing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive aspects of their property, along with information regarding any new sales or listings in their area that they want considered during our thorough inspection.
Close on your home promptly — at the right price
A professional appraisal can help you make a better educated decision regarding your asking price, whether you want to sell your home on your own or use the assistance of a real estate agent. Apart from a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees are based 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 homesstay on the market. So, getting 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.