Why you should get an appraisal from Carolina Home AppraisalsTo a lot of us, an appraisal is simply a line item on the break-sheet for a mortgage or refinance. Almost all lenders still call in a local expert because the stakes are so high, even though there are a growing number of automated home valuation systems that may appear more practical than an appraisal. But is obtaining a mortgage the only reason to acquire an appraisal? Are there more situations when the services of a certified, independent real estate professional could be helpful? Yes indeed.
Challenge your tax assessment in Charleston, Dorchester, and Berkeley CountyIf you reside in an area where the value of property has declined, it's possible you're paying too much in property taxes. An appraisal from Carolina Home Appraisals is your best evidence when building your case. We're capable of assisting you in challenging 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 nearly all lenders ask homeowners to purchase when the amount being loaned to the buyer is more than 80% of the actual value of the property. Oftentimes, this extra payment is folded into the monthly mortgage payment and is quickly forgotten. This is bad because PMI isn't necessary when the remaining balance of the loan - whether through market appreciation or principal pay down - dips below the 80% level. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to remove the PMI payments when the loan-to-value ratio conditions have been met.
If you'd like to eliminate PMI, Carolina Home Appraisals can produce a statement regarding the value of your home. The price you paid for the home valuation can usually be recovered in little time because you'll no longer be paying the PMI.
Settling a divorce with less stressA divorce is often complicated by the challenging decision of who gets the house, and it can be a particularly traumatic experience for both parties. Regardless of the situation, it's a good idea to order an appraisal from Carolina Home Appraisals so both parties are entirely aware of the true market value of their house.
The parties will have a clearer picture of what price to set, if they wish 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 liquidationLosing 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 residential property involved. We guarantee the maximum degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Unlike wealthier individuals, most Americans don't have dedicated estate planners or executors to take care of these issues. And since a home or other property often makes up an unequal share of the total estate value, understanding the certain value of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've received a fair deal.
Let Carolina Home Appraisals help you with relocating to or from the Charleston AreaMoving due to a job change is a stressful event, and we understand. That's why we take great care in establishing a convenient appointment time for the appraisal inspection. During our detailed process, we encourage relocating employees to provide remarks on the positive attributes of their property, along with information regarding any current sales or listings in their neighborhood that they want considered.
Let Carolina Home Appraisals assist you in selling your home quickly at the right priceWhether you choose to sell your home on your own or use the assistance of a real estate agent, a professional appraisal can help you make a more informed decision when determining your selling price. An appraiser has no vested interest in what price the house sells for, which is different than the interest of real estate agents. Our fees aren't related to the sales price, but rather they are based on our efforts to complete the appraisal.
We analyze the difference in value items like an additional bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long homes are on the market. So, obtaining a professional appraisal is a trusted way to decide 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.