Why you should hire an appraiserTo a lot of people, an appraisal just looks like another cost in the long list of items for a home sale or refinance. The majority of lenders still call for a local expert because the stakes are so high, even though there are a multiplying number of automated home valuation systems that might appear to be less expensive than an appraisal. Is getting a mortgage the only basis for getting an appraisal? Are there other situations when the services of a certified, independent real estate professional might be helpful? You bet. 
Appeal your tax assessmentIt's possible you're paying too much in property taxes if you reside in an area where property values have depreciated. Property taxes are determined by a previous assessment of your house, so if prices are less than what they used to be in your area, you can challenge your assessment and save money. An appraisal from Village Appraisal Ltd. is your best evidence when building your case. We can assist you in challenging your tax assessment. Eliminate PMI to lower your mortgage paymentWhen the amount being loaned to the homeowneris more than 80% of the actual value of the property, nearly all lenders ask homeowners to buy this extra insurance policy. That policy is Private Mortgage Insurance, or PMI. Seeing that extra payment is usually bundled into the monthly mortgage payment, it is often forgotten. This is bad because PMI isn't necessary when the remainder of the loan - whether through market appreciation or principal pay down - goes below the 80% level. In fact, the Homeowners Protection Act (HPA) of 1998 was invoked by the United States Congress that requires lenders to remove the PMI installments when the loan-to-value ratio conditions have been met. Village Appraisal Ltd. will provide you with a statement regarding the value of your home, and the cost of the home valuation can often be recovered in a short amount of time because you'll no longer be paying the PMI. Get your appraisal from Village Appraisal Ltd. Order onlineGet a clear valuation on a home for divorce settlementsA divorce is a particularly horrible experience for the parties involved, and it is often more complicated by the challenging decision of who gets the property. It's a good idea to order an appraisal from Village Appraisal Ltd. so both parties are fully aware of the true market value of their house, regardless of the situation. The parties will have a a good idea of what price to set, if they need to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've gotten a fair assessment. Accurate and fair estate liquidationThe loss of a loved one is a hard time in life, and settling an estate from a death, or probate, often calls for an appraisal to establish Fair Market Value for the real estate 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 wealthy individuals, most Americans don't have dedicated estate planners or executors to handle these matters. A home or other property often makes up an uneven 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 workEmployee relocation can be a stressful event, and we understand. 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 features of their property, as well as information regarding any new sales or listings in their area that they want considered during our intensive inspection. Sell your home promptly — for an accurate priceA professional appraisal can help you make a better educated decision when determining your selling price, whether you choose to sell your home on your own or with the help 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 are based on our efforts to finish the appraisal report and not a percentage of the sales price. On a daily basis, we examine the difference in value items like an additional bathroom or a kitchen remodel can make. Getting a professional appraisal is a trusted way to decide 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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