Why you should order an appraisalTo many, an appraisal is simply one more thing on the break-sheet for a home sale or refinance. Even though there are a budding number of automated home valuation systems that might seem more prudent than an appraisal, nearly all lenders still call in a local expert because the stakes are so high. You might assume that getting a mortgage is the only reason to acquire an appraisal, but there are additional cases when the services of a licensed, independent real estate professional might be beneficial. 
Appeal your tax assessment in Fairfield CountyIt's likely you're paying too much in property taxes if you live in an area where property values have declined. Property taxes are determined by a past assessment of your house, so if prices are less than what they used to be in your neighborhood, you can challenge your assessment and save money. When building your case, an appraisal from us is your best evidence. At Village Appraisal Ltd., we're equipped to assist you in disputing your tax assessment. Removing PMI for mortgage paymentsWhen the amount being loaned to the buyeris more than 80% of the actual value of the home, almost all lenders ask home owners to purchase this additional insurance plan. That policy is Private Mortgage Insurance, or PMI. Very often, this added payment is folded into the monthly mortgage payment and is promptly forgotten. PMI is no longer required when the remainder of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was invoked by the United States Congress requiring lenders to dismiss the PMI payments when the loan-to-value ratio conditions have been met. Village Appraisal Ltd. will give you a statement regarding the value of your home, and the price you paid for the home valuation can often be regained in little time because you'll no longer be paying the PMI. Order your appraisal from Village Appraisal Ltd. today Order todaySettle a divorce with less stressA divorce is often complicated by the challenging decision of who maintains the house, and it can be a very daunting experience for both parties. So both parties are entirely aware of the true market value of their home, it's a good idea to order an appraisal from Village Appraisal Ltd., regardless of the situation. The parties will have a better idea of what price to set, if they wish to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation. Ascertain a fair and accurate valuation for estate liquidationThe 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 Fair Market Value for the residential property involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the fullest degree of discretion. Unlike wealthier individuals, most Americans do not have dedicated estate planners or executors to handle these issues. A home or other property often makes up an unequal share of the total estate value, so understanding the true worth of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've gotten an honest deal. Move to or from Fairfield County for workWe are familiar with the stress associated with an employee relocation. We take great care in establishing a convenient appointment time for the appraisal inspection. During our intensive inspection, we suggest relocating employees to provide input on the positive features of their property, along with information regarding any recent sales or listings in their neighborhood that they want considered. Close on your home quickly — for an accurate priceA professional appraisal will help you make a better educated decision when determining your selling price, whether you decide to sell your home on your own or use the assistance of a real estate agent. An appraiser has no vested interest in what price the house sells for, apart from real estate agents. Our fees are based on our efforts to finish the appraisal report and and aren't related to the sales price. On a daily basis, we determine the difference in value things like an additional bathroom or a kitchen remodel can make. Obtaining a professional appraisal is a trusted way to determine what improvements will add value and what a suitable sales price is for your home so you don't come up short or have your house on the market an unnecessarily long time, because we're experts in knowing how long homes are one the market. 
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