Reasons someone would use the services of Cole Appraisals of VirginiaThousands of people in Virginia buy, sell or refinance their home each month. Many of these transactions have a simple line item for an appraisal. And even though there are a growing number of automated home valuation systems that might seem more prudent than an appraisal, most lenders still call for a local expert because the stakes are incredibly high. But is getting a mortgage the only reason to acquire an appraisal? Are there additional cases when the services of a certified, independent real estate professional might be helpful? Of course.
Let Cole Appraisals of Virginia help you challenge your tax assessment in Galax City 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 Cole Appraisals of Virginia is your best evidence. At Cole Appraisals of Virginia,we can assist you in disputing your tax assessment.
How can you eliminate PMI to lower your mortgage payment?Private Mortgage Insurance, or PMI, is a supplemental insurance policy that nearly all lenders ask home owners to purchase when the amount being loaned to the home owner is more than 80% of the actual value of the real estate. Since the extra payment is usually bundled into the monthly mortgage payment, it is often forgotten. PMI becomes unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - goes below the 80% mark, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was approved by the United States Congress requiring lenders to dismiss the PMI payments when the balance is paid down to 78% of the original value.
If you'd like to get rid of PMI, Cole Appraisals of Virginia can give you a statement regarding the value of your home. The price you paid for the home valuation can often be offset in just a few months because you'll no longer be paying the PMI.
Settling a divorce with less stress with an appraisal from Cole Appraisals of VirginiaA divorce is often complicated by the strenuous decision of who maintains the property, and it can be a very heartbreaking event for both parties. Regardless of the situation, it's prudent to order an appraisal from Cole Appraisals of Virginia so both parties are completely aware of the true market value of their home.
The parties will have a a good 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 evaluation.
Settling an estate with peace of mindThe loss of a loved one is a painful time in life, and settling an estate from a death, or probate, often requires an appraisal to establish Fair Market Value for the residential property involved. We guarantee 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 manage these affairs, unlike many wealthy individuals. And seeing that a home or other property often makes up a disproportionate share of the total estate value, knowing the true worth of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've received a fair deal.
Let Cole Appraisals of Virginia help you with relocating to or from Galax City CountyMoving due to a job change can be a real painWe know where you're coming from. That being said, we take great care in organizing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive characteristics of their property, as well as information regarding any new sales or listings in their neighborhood that they want considered during our thorough process.
Don't sell out short or let your home stay on the market too long.A professional appraisal will help you make a more informed decision regarding your selling price, whether you choose to sell your home on your own or use the assistance of a real estate agent. An appraiser has no vested interest in what amount the house sells for, unlike real estate agents. The price we charge isn't contingent upon the value opinion we render, but rather they are calculated on our efforts to complete the appraisal.
On a daily basis, we examine the difference in value things like an additional bathroom or a kitchen remodel can make. Obtaining 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 houses stay on the market.