Why obtain an appraisal from CM Appraisers?To a lot of people, an appraisal just looks like a line item in the long list of items for a home sale or refinance. And even though there are a developing number of automated home valuation processes that may appear to be more cost-effective than an appraisal, practically all lenders still want a local expert because the stakes are very high. But is getting a mortgage the only reason you should get an appraisal? Are there also cases when the services of a certified, independent real estate professional might come in handy? Of course.
Appeal your tax assessment in Montgomery CountyIt's possible you're paying too much in property taxes if you live in an area where property values have depreciated. Property taxes are determined by a past assessment of your home, so if prices have declined in your neighborhood, you can challenge your assessment and save money. When building your case, an appraisal from CM Appraisers is your best evidence. At CM Appraisers,we can assist you in challenging your tax assessment.
How can you eliminate PMI to lower your mortgage payment?Private Mortgage Insurance, or PMI, is a supplemental insurance plan that most lenders ask buyers to buy when the amount being loaned to the buyer is more than 80% of the actual value of the real estate. Very often, this added payment is folded into the monthly mortgage payment and is soon forgotten. This is bad because PMI is unnecessary 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 eliminate the PMI payments when the loan-to-value ratio conditions have been met.
If you'd like to do away with PMI, CM Appraisers can produce a statement regarding the value of your home. The expense of the appraisal can generally be recovered in little time because you'll no longer be paying the PMI.
Settling a divorce with less stress with an appraisal from CM AppraisersA divorce can be a particularly daunting experience for both parties, and it is often further complicated by the challenging decision of who gets the house. Regardless of the circumstances, it's wise to order an appraisal from CM Appraisers so both parties are entirely aware of the true market value of their property.
If the parties wish to sell the home, they'll have a a good idea of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair assessment.
Accurate and fair estate liquidation with help from CM AppraisersSettling an estateLosing a loved one is a difficult time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Market Value for the real estate involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the fullest degree of discretion.
Most Americans do not have dedicated estate planners or executors to handle these issues, unlike many wealthy individuals. And since a home or other property often makes up an unequal share of the total estate value, knowing the correct value of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've gotten a fair deal.
Let CM Appraisers assist you in relocating to or from Montgomery CountyWe are aware of the stress involved with an employee relocation. 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 features of their property, along with information regarding any recent sales or listings in their neighborhood that they want considered during our intensive process.
Sell your home quickly at the right priceWhether you decide to sell your home on your own or use the assistance of a real estate agent, a professional appraisal can help you make a better educated decision when determining your asking price. An appraiser has no vested interest in what amount the house sells for, unlike real estate agents. Our fees aren't contingent upon the value we come up with, but rather they rest on our efforts to finish the appraisal.
On a daily basis, we determine the difference in value items like an extra bathroom or a kitchen remodel can make. Getting a professional appraisal is a reliable way to determine 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 homes stay on the market.