Ordering an appraisal from D & S Appraisal Co.Year after year, thousands of people in Maryland buy, sell or refinance their home. A lot of these transactions include a simple line item for an appraisal. Most lenders still call for a local expert because the stakes are so high, even though there are a developing number of automated home valuation methods that may appear more cost-effective than an appraisal. But is obtaining 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? Absolutely.
Let D & S Appraisal Co. help you challenge your tax assessment in Harford CountyIf you live in an area where property values have depreciated, it's possible you're paying too much in property taxes. When building your case, an appraisal from D & S Appraisal Co. is your best evidence. We're capable of assisting you in challenging your tax assessment.
Getting rid of your PMI will lower your mortgage paymentWhen the amount being loaned to the homeowner is more than 80% of the actual value of the property, almost all lenders ask buyers to buy an additional insurance policy. That policy is Private Mortgage Insurance, or PMI. Since the extra payment is usually lumped into the monthly mortgage payment, it is often forgotten. This is unfavorable because PMI is no longer required when the leftover balance of the loan - whether through market appreciation or principal pay down - dips below the 80% level. In fact, the United States Congress passed 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 get rid of PMI, D & S Appraisal Co. will give you a statement regarding the value of your home. The expense of the appraisal can usually be offset in a short amount of time because you'll no longer be paying the PMI.
Settling a divorce with less stressA divorce is an especially traumatic ordeal for the parties involved, and it is often even more complicated by the strenuous decision of who keeps the house. It's a good idea to order an appraisal from D & S Appraisal Co. so both parties are completely aware of the true market value of their house, regardless of the situation.
The parties will have a better idea of what price to set, if they want 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.
Accurate and fair estate liquidation with D & S Appraisal Co.Settling an estateThe death of a loved one is a painful time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Market Value for the residential property 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 do not 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 uneven share of the total estate value, understanding the precise value of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've received a fair deal.
D & S Appraisal Co. can assist you in relocating to or from Harford CountyWe are familiar with the stress associated with an employee relocation. That's why we take great care in establishing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive characteristics of their property, along with information regarding any new sales or listings in their area that they want considered during our thorough process.
Selling your home quickly at the right price with an appraisal from D & S Appraisal Co.Whether you want to sell your home on your own or use the assistance of a real estate agent, a professional appraisal can help you make a more informed decision when determining your selling price. An appraiser has no vested interest in what price the house sells for, which is different than the interest of real estate agents. Our fees aren't contingent upon the value opinion we render, but rather they are calculated on our efforts to finish the appraisal.
On a daily basis, we examine the difference in value items like an additional bathroom or a kitchen remodel can make. And we're experts in knowing how long homes are on the market. So, 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.