Why you should hire an appraiser
To a lot of people, an appraisal is simply another fee in the long list of items for a home purchase or refinance. Even though there are an increasing number of automated home valuation processes that may seem more prudent than an appraisal, most lenders still want a local expert because the stakes are so high. Is getting a mortgage the only reason to acquire an appraisal? Are there more situations when the services of a licensed, independent real estate professional might be helpful? Of course.
Challenge your tax assessment
It's likely you're paying too much in property taxes if you reside in an area where property values have declined. Property taxes are based upon a past assessment of your real estate, so if values are less than what they used to be in your area, you can appeal your assessment and save money. An appraisal from Klein Appraisals, LLC is your best evidence when building your case. At Klein Appraisals, LLC, we're qualified to assist you in appealing your tax assessment.
Removing PMI for mortgage payments
When the amount being loaned to the homebuyeris more than 80% of the actual value of the home, most lenders ask home owners to take out this added insurance plan. That policy is Private Mortgage Insurance, or PMI. Seeing that extra payment is usually lumped 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 - dips below the 80% mark. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to dismiss the PMI installments when the loan-to-value ratio conditions have been met.
If you'd like to get rid of PMI, Klein Appraisals, LLC will provide you with a statement regarding the value of your home. The cost of the home valuation can generally be regained in just a few months because you'll no longer be paying the PMI.
Get your appraisal from Klein Appraisals, LLCOrder online
Get a clear valuation on a home for divorce settlements
A divorce is a particularly daunting event for the parties involved, and it is often further complicated by the difficult decision of who maintains the property. Regardless of the circumstances, it's a good idea to order an appraisal from Klein Appraisals, LLC so both parties are fully aware of the true market value of their property.
The parties will have a good idea 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 received a fair evaluation.
Fair and accurate estate liquidation
The loss 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 Fair Market Value for the residential property involved. We guarantee the highest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Most Americans don't have dedicated estate planners or executors to manage these affairs, unlike wealthier individuals. And since a home or other property often makes up an unequal share of the total estate value, knowing the true worth of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've received an honest deal.
Move to or from Baltimore County for work
We know the stress associated with an employee relocation. That's why we take great care in setting up a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive attributes of their property, along with information about any current sales or listings in their area that they want considered during our intensive inspection.
Close on your home promptly — for the right price
A professional appraisal will help you make a more informed decision regarding your asking price, whether you decide to sell your home on your own or use the assistance of a real estate agent. Unlike a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees aren't a percentage of the sales price, but rather they are calculated on our efforts to complete the appraisal report.
On a daily basis, we examine the difference in value things like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long homesare on the market. So, obtaining 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.