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6 Reasons to consider an appraisal from Dudas & Associates, Inc

To many, an appraisal is simply another fee in the long list of items for a home sale or refinance. Almost all lenders still call in a local expert because the stakes are very high, even though there are a growing number of automated home valuation methods that might appear to be cheaper than an appraisal. Is obtaining a mortgage the only reason you should get an appraisal? Are there more instances when the services of a certified, independent real estate professional might be helpful? Of course.

Let Dudas & Associates, Inc help you lower your mortgage payment

Appeal your tax assessment

It's quite possible you're paying too much in property taxes if you live in an area where property values have declined. Property taxes are determined by a past assessment of your home, so if values are less than what they used to be in your neighborhood, you can appeal your assessment and save money. When building your case, an appraisal from us is your best evidence. We can assist you in appealing your tax assessment.

PMI removal to reduce your mortgage payment

When the amount being loaned to the home buyeris more than 80% of the actual value of the home, almost all lenders ask buyers to buy this extra insurance plan. That policy is Private Mortgage Insurance, or PMI. Oftentimes, this extra payment is folded into the monthly mortgage payment and is promptly forgotten. This is bad because PMI isn't necessary when the remaining balance of the loan - whether through market appreciation or principal pay down - falls 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 installments when the loan-to-value ratio conditions have been met.

If you'd like to get rid of PMI, Dudas & Associates, Inc will give you a statement regarding the value of your home. The cost of the home valuation can often be recovered in just a few months because you'll no longer be paying the PMI.

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Settle a divorce with less stress

A divorce can be an especially traumatic experience for both parties, and it is often further complicated by the hard decision of who keeps the house. Regardless of the circumstances, it's a good idea to order an appraisal from Dudas & Associates, Inc so both parties are entirely aware of the true market value of their home.

If the parties need to sell the home, they'll have a better idea of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation.

Determine 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 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).

Most Americans do not have dedicated estate planners or executors to manage these affairs, unlike wealthy individuals. A home or other property often makes up a disproportionate share of the total estate value, so knowing the true worth of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've received a fair deal.

Relocate to or from Summit County through an employee relocation program

We are aware of the stress associated with an employee relocation. We take great care in setting up an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive features of their property, along with information about any current sales or listings in their neighborhood that they want considered during our intensive inspection.

Sell your home quickly — for the right price

A professional appraisal will help you make a more informed decision when determining your selling price, whether you decide 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 aren't related to the sales price, but rather they depend on our efforts to finish the appraisal report.

We determine the difference in value things like an extra bathroom or a kitchen remodel can make on a daily basis. Getting a professional appraisal is a reliable way to decide what improvements will add value and what an appropriate 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 houses stay on the market.

Let Dudas & Associates, Inc assist you in selling your home quickly at the right price