Why would you need an appraisal from Cardinal Appraisal Services?To a lot of people, an appraisal just looks like one more thing on the settlement sheet for a mortgage or refinance. And while there are a multiplying number of automated home valuation systems that might seem more cost-effective than an appraisal, practically all lenders still need a local expert because the stakes are incredibly high. But is securing a mortgage the only reason to acquire an appraisal? Are there also situations when the services of a certified, independent real estate professional might be helpful? Of course there are.
Appeal your tax assessment in Carroll CountyIf you live in an area where the value of property has declined, it's possible you're paying too much in property taxes. An appraisal from Cardinal Appraisal Services is your best evidence when building your case. At Cardinal Appraisal Services, we're capable of assisting you in disputing your tax assessment.
How can you get rid of PMI to lower your mortgage payment?Private Mortgage Insurance, or PMI, is an additional insurance policy that almost all lenders ask homeowners to purchase when the amount being loaned to the homebuyer is more than 80% of the actual value of the home. Very often, this extra payment is lumped into the monthly mortgage payment and is quickly forgotten. This is unfavorable because PMI isn't required when the leftover balance of the loan - whether through market appreciation or principal pay down - goes below the 80% mark. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to eliminate the PMI installments when the loan-to-value ratio conditions have been met.
If you'd like to do away with PMI, Cardinal Appraisal Services can provide you with a statement regarding the value of your home. The expense of the appraisal can often be recovered in just a few months because you'll no longer be paying the PMI.
Settling a divorce with less stress with an appraisal from Cardinal Appraisal ServicesA divorce is often complicated by the burdensome decision of who keeps the property, and it can be an especially traumatic experience for both parties. So both parties are completely aware of the true market value of their home, it's a good idea to get an appraisal from Cardinal Appraisal Services, regardless of the situation.
The parties will have a clearer picture of what price to set, if they need to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.
Accurate and fair estate liquidation with Cardinal Appraisal ServicesSettling an estateLosing a loved one is a difficult 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 utmost degree of discretion.
Most Americans do not have dedicated estate planners or executors to manage 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 essential importance to ensuring disputing parties leave knowing they've received an honest deal.
Let Cardinal Appraisal Services assist you in relocating to or from Carroll CountyWe are familiar with the headaches involved with an employee relocation. We take great care in setting up an accommodating appointment time for the appraisal inspection. During our intensive process, we suggest employees that are moving to provide feedback on the positive features of their property, as well as information regarding any recent sales or listings in their neighborhood that they want considered.
Don't sell out short or keep your home on the market too long.Whether you want to sell your home on your own or use the assistance of a real estate agent, a professional appraisal will help you make a more informed decision when determining your asking price. An appraiser has no vested interest in what price the house sells for, unlike real estate agents. Our fees aren't a percentage of the sales price, but rather they are based on our efforts to finish the appraisal.
We examine the difference in value things like an extra bathroom or a kitchen remodel can make on a daily basis. Obtaining a professional appraisal is a reliable 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 - because we're experts in knowing how long houses stay on the market.