Why you should get an appraisalTo a lot of us, an appraisal just looks like another cost in the long list of items for a home sale or refinance. Even though there are an increasing number of automated home valuation systems that might appear less expensive than an appraisal, the majority of lenders still want a local expert because the stakes are very high. But is obtaining a mortgage the only reason you should get an appraisal? Are there additional situations when the services of a certified, independent real estate professional might come in handy? Of course.
Appeal your tax assessment in Clark CountyIf you live in an area where the value of property has depreciated, it's possible you're paying too much in property taxes. When building your case, an appraisal from dda is your best evidence. At dda,we can assist you in challenging your tax assessment.
Removing PMI will lower your mortgage paymentWhen the amount being loaned to the home buyer is more than 80% of the actual value of the property, most lenders ask homeowners to buy an supplemental insurance policy. That policy is Private Mortgage Insurance, or PMI. This additional payment is often lumped into the monthly mortgage payment and is soon forgotten. This is unfavorable because PMI isn't necessary 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 remove the PMI payments when the loan-to-value ratio conditions have been met.
dda can produce a statement regarding the value of your home, and the expense of the appraisal can often be regained in just a few months because you'll no longer be paying the PMI.
Settling a divorce with less stressA divorce is often complicated by the challenging decision of who keeps the home, and it can be a very traumatic ordeal for both parties. So both parties are entirely aware of the true market value of their property, it's a good idea to get an appraisal from dda, regardless of the situation.
The parties will have a clearer picture of what price to set, if they need 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 with help from ddaSettling an estateThe death of a loved one is a painful time in life, and settling an estate from a death, or probate, often requires an appraisal to establish Market Value for the real estate involved. We guarantee the fullest 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 do not have dedicated estate planners or executors to handle these issues. A home or other property often makes up an uneven 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.
dda can assist you in relocating to or from Clark CountyMoving due to a job change can be a more than just an inconvenience. We know where you're coming from! That's why we take great care in setting up a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive characteristics of their property, as well as information about any recent sales or listings in their area that they want considered during our intensive process.
Don't sell out for too little or let your home stay on the market too long.A professional appraisal can help you make a more informed decision when determining your selling price, whether you want to sell your home on your own or use the assistance of a real estate agent. An appraiser has no vested interest in what amount the house sells for, which is different than the interest of real estate agents. The price we charge isn't a percentage of the sales price, but rather they depend on our efforts to finish the appraisal.
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 determine 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 stay on the market.