Reasons someone would need Hollingsworth Appraisal Services, LLCTo many, an appraisal is simply another cost on the break-sheet for a mortgage or refinance. And while there are a multiplying number of automated home valuation methods that might appear to be more practical than an appraisal, most lenders still need a local expert because the stakes are incredibly high. You might believe that getting a mortgage is the only reason to acquire an appraisal, but there are additional situations when the services of a licensed, independent real estate professional could come in handy.
Let Hollingsworth Appraisal Services, LLC help you dispute your tax assessment in Boone CountyIf you live in an area where property values have depreciated, it's possible you're paying too much in property taxes. An appraisal from Hollingsworth Appraisal Services, LLC is your best evidence when building your case. At Hollingsworth Appraisal Services, LLC, we're equipped to assist you in disputing your tax assessment.
Hollingsworth Appraisal Services, LLC can help you get rid of PMI to lower your mortgage paymentWhen the amount being loaned to the home buyer is more than 80% of the actual value of the real estate, nearly all lenders ask home buyers to buy an extra insurance plan. That policy is Private Mortgage Insurance, or PMI. Seeing that additional payment is usually folded into the monthly mortgage payment, it is often forgotten. This is damaging 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 Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress that requires lenders to dismiss the PMI installments on most mortgages when the balance is paid down to 78% of the original value.
Hollingsworth Appraisal Services, LLC will give you a statement regarding the value of your home, and the price you paid for the home valuation can generally be recovered in little time because you'll no longer be paying the PMI.
Divorce settlement with less stressA divorce is often complicated by the challenging decision of who keeps the home, and it can be a particularly traumatic occurrence for both parties. It's a good idea to order an appraisal from Hollingsworth Appraisal Services, LLC so both parties are fully aware of the true market value of their house, regardless of the circumstances.
The parties will have a better idea of what price to set, if they want to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair assessment.
Settling an estate with peace of mindThe death of 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 highest degree of discretion.
Unlike wealthier individuals, most Americans don't have dedicated estate planners or executors to manage these issues. And since a home or other property often makes up a disproportionate share of the total estate value, understanding the certain value of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've gotten an honest deal.
Hollingsworth Appraisal Services, LLC can help you with relocating to or from Boone CountyMoving due to a job change can be a stressful event. We know where you're coming from! That being said, we take great care in organizing an accommodating 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 process.
Don't sell out short or let your home stay on the market too long.A professional appraisal will help you make a more informed decision when determining your selling price, whether you want to sell your home on your own or use the assistance of a real estate agent. With much different interests than a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees depend on our efforts to finish the appraisal report and not a percentage of 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 properties stay on the market. So, obtaining a professional appraisal is a reliable 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.