Why order an appraisal from Appraisal Concepts Team?

To many, an appraisal is simply another fee on the break-sheet for a home purchase or refinance. Even though there are a multiplying number of automated home valuation methods that might appear to be more cost-effective than an appraisal, practically all lenders still want a local expert because the stakes are incredibly high. But is securing a mortgage the only basis for getting an appraisal? Are there other times when the services of a licensed, independent real estate professional might come in handy? Absolutely.

When you're planning on any transaction where the value of your home is of importance, you should contact Appraisal Concepts Team. Just click here

Let Appraisal Concepts Team help you appeal your tax assessment in the Portland Metro (Washington, Clackamas, Multnomah)

It's quite possible you're paying too much in property taxes if you live in an area where property values have depreciated. Property taxes are based upon a previous assessment of your real estate, so if values are less than what they used to be in your neighborhood, you can challenge your assessment and save money. When building your case, an appraisal from Appraisal Concepts Team is your best evidence. At Appraisal Concepts Team, we can assist you in appealing your tax assessment.

Appraisal Concepts Team can help you do away with PMI to lower your mortgage payment

When the amount being loaned to the buyer is more than 80% of the actual value of the home, many lenders ask home buyers to buy an additional insurance plan. That policy is Private Mortgage Insurance, or PMI. More often than not, this added payment is bundled into the monthly mortgage payment and is quickly forgotten. PMI becomes unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% level, making this very unfavorable. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to dismiss the PMI installments when the loan-to-value ratio conditions have been met.

If you'd like to eliminate PMI, Appraisal Concepts Team will provide you with a statement regarding the value of your home. The cost of the home valuation can generally be regained in just a few months because you'll no longer be paying the PMI.

Settling a divorce with less stress

A divorce can be a very daunting experience for both parties, and it is often even more complicated by the burdensome decision of who maintains the house. Regardless of the circumstances, it's a good idea to get an appraisal from Appraisal Concepts Team so both parties are completely aware of the true market value of their house.

If the parties wish 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.

Accurate and fair estate liquidation with Appraisal Concepts Team Settling an estate

The death of a loved one is a painful time in life, and settling an estate from a death, or probate, often calls for 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, ensuring the highest degree of discretion.

Most Americans do not have dedicated estate planners or executors to handle 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 certain value of the real estate at hand is of significant importance to ensuring disputing parties leave knowing they've received a fair deal.

Don't sell out for too little or keep your home on the market too long.

Whether you choose to sell your home on your own or with the help of a real estate agent, a professional appraisal can help you make a more informed decision regarding your asking price. An appraiser has no vested interest in what amount the house sells for, unlike real estate agents. Our fees depend on our efforts to perform the appraisal report and and aren't related to the sales price.

On a daily basis, we analyze the difference in value things like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long homes are on the market. So, getting 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.