Why order an appraisal from Woltermann Appraisal & Real Estate Service?To many, an appraisal just looks like one more thing in the long list of items for a home sale or refinance. Practically all lenders still want a local expert because the stakes are incredibly high, even though there are a growing number of automated home valuation methods that may appear more cost-effective than an appraisal. But is obtaining a mortgage the only reason to acquire an appraisal? Are there more cases when the services of a licensed, independent real estate professional might be helpful? Absolutely.
Appeal your tax assessment in Northern KentuckyIf you live in an area where property values have depreciated, it's possible you're paying too much in property taxes. An appraisal from Woltermann Appraisal & Real Estate Service is your best evidence when building your case. At Woltermann Appraisal & Real Estate Service, we're equipped to assist you in appealing your tax assessment.
Woltermann Appraisal & Real Estate Service can help you get rid of PMI to lower your mortgage paymentPrivate Mortgage Insurance, or PMI, is a supplemental insurance plan that nearly all lenders ask buyers to buy when the amount being loaned to the buyer is more than 80% of the actual value of the home. This additional payment is often lumped 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 - falls below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was approved by the United States Congress requiring lenders to do away with the PMI installments when the balance is paid down to 78% of the original value.
If you'd like to eliminate PMI, Woltermann Appraisal & Real Estate Service will provide you with a statement regarding the value of your home. The expense of the home valuation can generally be recovered in just a few months because you'll no longer be paying the PMI.
Settling a divorce with less stressA divorce is often complicated by the hard decision of who maintains the house, and it can be an especially heartbreaking ordeal for both parties. It's a good idea to get an appraisal from Woltermann Appraisal & Real Estate Service so both parties are entirely aware of the true market value of their property, regardless of the circumstances.
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 received a fair assessment.
Trustworthy estate liquidationThe loss of a loved one is a difficult time in life, and settling an estate from a death, or probate, often requires 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, guaranteeing the highest degree of discretion.
Unlike wealthier individuals, most Americans do not have dedicated estate planners or executors to handle these affairs. 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 significant importance to ensuring disputing parties leave knowing they've received a fair deal.
Let Woltermann Appraisal & Real Estate Service help you with relocating to or from Northern KentuckyWe are familiar with the headaches involved with an employee relocation. That being said, we take great care in establishing 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 about any new sales or listings in their neighborhood that they want considered during our thorough process.
Don't sell out for too little or let your home stay on the market too long.Whether you want to sell your home on your own or with the help 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, unlike real estate agents. The price we charge isn't a percentage of the sales price, but rather they are calculated on our efforts to finish the appraisal.
On a daily basis, we examine the difference in value things like an additional bathroom or a kitchen remodel can make. And we're experts in knowing how long properties are on the market. So, getting a professional appraisal is a reliable way to decide 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.