6 Reasons to order an appraisal from Ascension Appraisal
Every year, thousands of people in Massachusetts purchase, sell or refinance their home. A lot of these transactions involve a simple line item for an appraisal. Most lenders still call in a local expert because the stakes are very high, even though there are an increasing number of automated home valuation systems that might seem cheaper than an appraisal. You might assume that getting a mortgage is the only basis for getting an appraisal, but there are more situations when the services of a certified, independent real estate professional could be helpful.
Contest your tax assessment in Worcester County
It's probable you're paying too much in property taxes if you reside in an area where property values have depreciated. Ad Valorem taxes are determined by a previous assessment of your real estate, so if prices have declined in your area, you can appeal your assessment and save money. An appraisal from Ascension Appraisal is your best evidence when building your case. We can assist you in disputing your tax assessment.
PMI removal to lower a mortgage payment
Private Mortgage Insurance, or PMI, is an extra insurance policy that many 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 home. Very often, this added payment is bundled into the monthly mortgage payment and is promptly forgotten. PMI is unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% level, making this very unfortunate. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress that requires lenders to do away with the PMI payments when the loan-to-value ratio conditions have been met.
Ascension Appraisal can provide you with a statement regarding the value of your home, and the expense of the appraisal can often be offset in little time because you'll no longer be paying the PMI.
Get your appraisal from Ascension AppraisalOrder online
Divorce settlement with fewer hang-ups
A divorce can be a particularly daunting event for both parties, and it is often more complicated by the hard decision of who gets the property. Regardless of the situation, it's a good idea to order an appraisal from Ascension Appraisal 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 clearer picture of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair assessment.
Accurate and fair estate liquidation
The death 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. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the fullest degree of discretion.
Most Americans do not have dedicated estate planners or executors to handle these issues, unlike many wealthy individuals. And since a home or other property often makes up an unequal share of the total estate value, knowing the true worth of the real estate at hand is of significant importance to ensuring disputing parties leave knowing they've gotten an honest deal.
Move to or from Worcester County through an employee relocation program
We are aware of the headaches involved with an employee relocation. That's why we take great care in establishing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive aspects of their property, as well as information regarding any current sales or listings in their neighborhood that they want considered during our intensive inspection.
Close on your home promptly — for an accurate price
A professional appraisal will help you make a more informed decision when determining your asking price, whether you decide to sell your home on your own or with the help of a real estate agent. Apart from a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees aren't related to the sales price, but rather they are calculated on our efforts to finish the appraisal report.
We analyze the difference in value items like an extra bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long housesstay on the market. So, getting 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.