Let Central Appraisal Services take care of your appraisal needs
To a lot of us, an appraisal just looks like one more thing on the break-sheet for a mortgage or refinance. While there are an increasing number of automated home valuation systems that may appear to be more practical than an appraisal, practically all lenders still need a local expert because the stakes are very high. You might assume that getting a mortgage is the only reason to get an appraisal, but there are more cases when the services of a licensed, independent real estate professional might come in handy.
Appeal your tax assessment
It's likely 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 home, so if values are less than what they used to be in your neighborhood, you can appeal your assessment and save money. When building your case, an appraisal from us is your best evidence. We can assist you in appealing your tax assessment.
Eliminating PMI for mortgage payments
Private Mortgage Insurance, or PMI, is an additional insurance plan that almost all lenders ask homeowners to purchase when the amount being loaned to the home buyer is more than 80% of the actual value of the property. More often than not, this additional payment is bundled into the monthly mortgage payment and is promptly forgotten. This is bad because PMI is unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% level. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to dismiss the PMI payments when the loan-to-value ratio conditions have been met.
Central Appraisal Services can provide you with a statement regarding the value of your home, and the price you paid for the appraisal can usually be regained in just a few months because you'll no longer be paying the PMI.
Order an appraisal from Central Appraisal ServicesOrder today
Settle a divorce with fewer hang-ups
A divorce is often complicated by the burdensome decision of who gets the home, and it can be an especially horrible ordeal for both parties. It's a good idea to get an appraisal from Central Appraisal Services so both parties are completely aware of the true market value of their house, regardless of the situation.
The parties will have a clearer picture of what price to set, if they need 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 assessment.
Determine a fair and accurate valuation for estate liquidation
The death of a loved one is a hard time in life, and settling an estate from a death, or probate, often requires an appraisal to establish Fair 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 maximum degree of discretion.
Most Americans don't have dedicated estate planners or executors to take care of these affairs, unlike wealthy individuals. And seeing that a home or other property often makes up an unequal share of the total estate value, understanding the true worth of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've received a fair deal.
Relocate to or from Philadelphia County for work
We know the stress associated with an employee relocation. That being said, we take great care in organizing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive aspects of their property, along with information regarding any recent sales or listings in their area that they want considered during our intensive inspection.
Sell your home promptly — at the right price
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 with the help of a real estate agent. An appraiser has no vested interest in what amount the house sells for, unlike real estate agents. Our fees depend on our efforts to finish the appraisal report and and aren't related to the sales price.
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 housesare on the market. So, getting a professional appraisal is a trusted way to determine 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.
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