Reasons to get an appraisal from Kent & Associates Appraisal
To a lot of us, an appraisal just looks like one more thing in the long list of items for a home purchase or refinance. And even though there are a developing number of automated home valuation systems that might appear to be more prudent than an appraisal, the majority of lenders still need a local expert because the stakes are very high. Is obtaining a mortgage the only reason to acquire an appraisal? Are there additional times when the services of a licensed, independent real estate professional might come in handy? You bet.
Challenge your tax assessment
It's quite possible 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 real estate, so if values have gone down in your neighborhood, you can appeal your assessment and save money. An appraisal from Kent & Associates Appraisal is your best evidence when building your case. We're capable of assisting you in disputing your tax assessment.
Eliminate PMI to lower your mortgage payment
Private Mortgage Insurance, or PMI, is a supplemental insurance policy that almost all lenders ask home buyers to purchase when the amount being loaned to the homebuyer is more than 80% of the actual value of the home. Most often, this additional payment is folded into the monthly mortgage payment and is soon forgotten. This is damaging because PMI isn't necessary when the leftover balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% level. In fact, the Homeowners Protection Act (HPA) of 1998 was invoked by the United States Congress requiring lenders to dismiss the PMI payments when the loan-to-value ratio conditions have been met.
If you'd like to get rid of PMI, Kent & Associates Appraisal will give you a statement regarding the value of your home. The expense of the appraisal can often be recovered in just a few months because you'll no longer be paying the PMI.
Get your appraisal from Kent & Associates AppraisalOrder today
Divorce settlement with fewer hang-ups
A divorce is a very horrible ordeal for the parties involved, and it is often even more complicated by the troublesome decision of who gets the property. Regardless of the situation, it's a good idea to order an appraisal from Kent & Associates Appraisal so both parties are fully aware of the true market value of their home.
If the parties need to sell the home, they'll have a clearer picture of what price to set. And 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 difficult time in life, and settling an estate from a death, or probate, often requires an appraisal to establish Fair Market Value for the real estate involved. We ensure the utmost 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 take care of these affairs, unlike many wealthy individuals. A home or other property often makes up an uneven share of the total estate value, so understanding the true worth of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've gotten an honest deal.
Relocate to or from Snohomish County for work
We are familiar with the stress associated with an employee relocation. That being said, we take great care in establishing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive attributes of their property, as well as information regarding any current sales or listings in their area that they want considered during our detailed inspection.
Sell 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 amount the house sells for, apart from real estate agents. Our fees rest on our efforts to complete the appraisal report and not a percentage of the sales price.
On a daily basis, we analyze the difference in value things like an additional bathroom or a kitchen remodel can make. 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, because we're experts in knowing how long properties are one the market.