Reasons someone would hire D-Squared AppraisalsEvery year, thousands of people in Colorado purchase, sell or refinance their home. A lot of these transactions contain a simple line item for an appraisal. While there are a budding number of automated home valuation processes that might appear more practical than an appraisal, practically all lenders still call in a local expert because the stakes are so high. But is getting a mortgage the only reason you should get an appraisal? Are there additional cases when the services of a certified, independent real estate professional could be beneficial? Absolutely.
Challenge your tax assessment in Douglas CountyIf you reside in an area where the value of property has depreciated, it's possible you're paying too much in property taxes. An appraisal from D-Squared Appraisals is your best evidence when building your case. We're capable of assisting you in appealing your tax assessment.
Getting rid of your PMI will lower your mortgage paymentWhen the amount being loaned to the homeowner is more than 80% of the actual value of the real estate, almost all lenders ask home owners to buy an extra insurance plan. That policy is Private Mortgage Insurance, or PMI. This extra payment is often lumped into the monthly mortgage payment and is promptly forgotten. PMI becomes unnecessary when the remaining balance 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 approved by the United States Congress that requires lenders to remove the PMI payments on most mortgages when the balance is paid down to 78% of the original value.
If you'd like to get rid of PMI, D-Squared Appraisals can give you a statement regarding the value of your home. The price you paid for the home valuation can often be offset in a short amount of time because you'll no longer be paying the PMI.
Settling a divorce with less stress with an appraisal from D-Squared AppraisalsA divorce is often complicated by the challenging decision of who gets the property, and it can be a very heartbreaking ordeal for both parties. Regardless of the situation, it's a good idea to order an appraisal from D-Squared Appraisals so both parties are fully aware of the true market value of their home.
If the parties need to sell the home, they'll have a clearer picture of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair assessment.
Trustworthy estate liquidationLosing a loved one is a difficult time in life, and settling an estate from a death, or probate, often entails an appraisal to establish 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 utmost degree of discretion.
Unlike wealthier individuals, most Americans do not have dedicated estate planners or executors to manage these affairs. And seeing that a home or other property often makes up an unequal share of the total estate value, knowing the true value of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've received an honest deal.
Relocating to or from Douglas CountyMoving due to a job change is a real pain. We know where you're coming from! That's why we take great care in organizing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive features of their property, as well as information regarding any recent sales or listings in their area that they want considered during our detailed process.
Don't sell out short or let your home stay on the market too long.A professional appraisal can help you make a better educated decision regarding your asking price, whether you want 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, which is different than the interest of real estate agents. Our fees aren't related to the sales price, but rather they rest on our efforts to complete the appraisal.
We analyze the difference in value things like an additional bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long houses stay on the market. So, seeking a professional appraisal is a trusted 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 for an extended amount of time.