Reasons to consider an appraisal from Central Appraisal ServicesEvery year, thousands of people in Pennsylvania purchase, sell or refinance their home. Many of these transactions include a simple line item for an appraisal. While there are a growing number of automated home valuation systems that may appear to be more cost-effective than an appraisal, most lenders still call in a local expert because the stakes are incredibly high. You might think that obtaining a mortgage is the only basis for getting an appraisal, but there are other situations when the services of a certified, independent real estate professional might be beneficial. 
Contest your tax assessmentIt's likely you're paying too much in property taxes if you live in an area where property values have declined. Ad Valorem taxes are based upon a previous assessment of your home, so if prices have declined in your neighborhood, you can challenge your assessment and save money. When building your case, an appraisal from us is your best evidence. We can assist you in disputing your tax assessment. Removing PMI for mortgage paymentsWhen the amount being loaned to the homebuyeris more than 80% of the actual value of the real estate, nearly all lenders ask buyers to buy this supplemental insurance plan. That policy is Private Mortgage Insurance, or PMI. This added payment is often folded into the monthly mortgage payment and is soon forgotten. This is bad because PMI is no longer required when the remaining balance of the loan - whether through market appreciation or principal pay down - goes below the 80% level. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to eliminate the PMI payments when the loan-to-value ratio conditions have been met. Central Appraisal Services can produce a statement regarding the value of your home, and the price you paid for the appraisal can generally be regained in just a few months because you'll no longer be paying the PMI. Order an appraisal from Central Appraisal Services Order todayGet a fair valuation on a home take make a divorce settlement less stressfulA divorce is often complicated by the strenuous decision of who keeps the house, and it can be a particularly daunting ordeal for both parties. Regardless of the situation, it's a good idea to get an appraisal from Central Appraisal Services so both parties are entirely aware of the true market value of their home. 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 gotten a fair evaluation. Ascertain an accurate and fair valuation for estate liquidationLosing a loved one is a hard time in life, and settling an estate from a death, or probate, often calls for 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 maximum degree of discretion. Unlike many wealthy individuals, most Americans do not have dedicated estate planners or executors to manage these affairs. A home or other property often makes up a disproportionate share of the total estate value, so knowing the true value of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've received a fair deal. Relocate to or from Philadelphia County through an employee relocation programEmployee relocation is a stressful event, and we understand. We take great care in setting up a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive features of their property, along with information regarding any recent sales or listings in their area that they want considered during our intensive inspection. Close on your home promptly — at the right priceA professional appraisal will help you make a better educated decision regarding your selling price, whether you want 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. Our fees rest on our efforts to finish the appraisal report and and aren't related to the sales price. On a daily basis, we determine the difference in value items like an extra bathroom or a kitchen remodel can make. Seeking a professional appraisal is a trusted way to determine what improvements will add value and what an appropriate 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. 
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