There are lots of reasons consumers call on Choice RealtyTo a lot of people, an appraisal is simply a line item on the break-sheet for a home purchase or refinance. Most lenders still call for a local expert because the stakes are very high, even though there are a growing number of automated home valuation processes that might seem less expensive than an appraisal. You might assume that securing a mortgage is the only reason to get an appraisal, but there are additional cases when the services of a certified, independent real estate professional could be helpful.
Let Choice Realty help you appeal your tax assessment in Cabarrus CountyIt's quite possible you're paying too much in property taxes if you reside in an area where property values have declined. Property taxes are based upon a previous assessment of your home, so if prices have declined in your area, you can appeal your assessment and save money. When building your case, an appraisal from Choice Realty is your best evidence. At Choice Realty,we can assist you in appealing your tax assessment.
Let Choice Realty assist you in lowering your mortgage paymentWhen the amount being loaned to the home owner is more than 80% of the actual value of the home, most lenders ask homeowners to purchase an added insurance plan. That policy is Private Mortgage Insurance, or PMI. This extra payment is often lumped into the monthly mortgage payment and is promptly forgotten. PMI is no longer required when the leftover balance of the loan - whether through market appreciation or principal pay down - goes below the 80% level, making this very unfavorable. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to remove the PMI installments when the loan-to-value ratio conditions have been met.
If you'd like to do away with PMI, Choice Realty will give you a statement regarding the value of your home. The cost of the appraisal can generally be regained in little time because you'll no longer be paying the PMI.
Divorce settlement with less stressA divorce can be an especially traumatic experience for both parties, and it is often further complicated by the strenuous decision of who maintains the property. It's a good idea to order an appraisal from Choice Realty so both parties are entirely aware of the true market value of their house, regardless of the situation.
If the parties want to sell the home, they'll have a a good idea of what price to set. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.
Fair and accurate estate liquidationLosing 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 utmost degree of discretion.
Most Americans don't have dedicated estate planners or executors to handle these matters, unlike wealthy individuals. A home or other property often makes up a disproportionate share of the total estate value, so understanding the true value of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've received an honest deal.
Relocating to or from Cabarrus CountyMoving due to a job change can be a real pain. We know where you're coming from! 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, along with information about any new sales or listings in their neighborhood that they want considered during our detailed process.
Selling your home quickly at the right price with an appraisal from Choice RealtyWhether you choose 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 regarding your selling price. With much different interests than a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees are calculated on our efforts to perform the appraisal report and not a percentage of the sales price.
On a daily basis, we examine the difference in value items like an extra bathroom or a kitchen remodel can make. Obtaining a professional appraisal is a trusted way to decide 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 are one the market.