Let Village Appraisal Ltd. attend to your appraisal needsTo a lot of people, an appraisal just looks like one more thing in the long list of items for a home sale or refinance. While there are a growing number of automated home valuation systems that may appear to be more practical than an appraisal, practically all lenders still call in a local expert because the stakes are so high. You might think that getting a mortgage is the only basis for getting an appraisal, but there are additional situations when the services of a licensed, independent real estate professional might be helpful. 
Contest your tax assessmentIt's quite possible you're paying too much in property taxes if you reside in an area where property values have depreciated. Ad Valorem taxes are determined by a past assessment of your real estate, so if values have declined 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 appealing your tax assessment. Removing PMI for mortgage paymentsWhen the amount being loaned to the homeowneris more than 80% of the actual value of the home, nearly all lenders ask home buyers to take out this additional insurance plan. That policy is Private Mortgage Insurance, or PMI. Very often, this additional payment is lumped 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% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was invoked by the United States Congress requiring lenders to eliminate the PMI installments when the loan-to-value ratio conditions have been met. Village Appraisal Ltd. can produce a statement regarding the value of your home, and the expense of the appraisal can generally be regained in little time because you'll no longer be paying the PMI. Order an appraisal from Village Appraisal Ltd. Order todayGet a fair valuation on a home take make a divorce settlement less stressfulA divorce can be a very horrible ordeal for both parties, and it is often even more complicated by the challenging decision of who gets the home. Regardless of the situation, it's a good idea to get an appraisal from Village Appraisal Ltd. so both parties are completely 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 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 liquidationLosing a loved one is a hard time in life, and settling an estate from a death, or probate, often requires an appraisal to establish Fair Market Value for the real estate involved. We ensure the fullest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP). Most Americans do not have dedicated estate planners or executors to handle these matters, unlike wealthier individuals. A home or other property often makes up an uneven share of the total estate value, so knowing the true worth of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've gotten an honest deal. Relocate to or from Fairfield County through an employee relocation programEmployee relocation can be a stressful event, and we understand. We take great care in organizing a convenient appointment time for the appraisal inspection. During our detailed inspection, we encourage relocating employees to provide input on the positive aspects of their property, along with information regarding any recent sales or listings in their area that they want considered. Close on your home promptly — for the right priceA professional appraisal will help you make a better educated decision regarding your selling price, whether you choose to sell your home on your own or with the help 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 not a percentage of the sales price. On a daily basis, we analyze the difference in value items like an additional bathroom or a kitchen remodel can make. Obtaining a professional appraisal is a reliable way to determine 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, because we're experts in knowing how long homes are one the market. 
|