6 Reasons to consider an appraisal from Race Appraisal Services, LLCTo a lot of us, an appraisal just looks like a line item in the long list of items for a home sale or refinance. Practically all lenders still call for a local expert because the stakes are so high, even though there are a multiplying number of automated home valuation methods that may seem more practical than an appraisal. You might believe that securing a mortgage is the only reason to acquire an appraisal, but there are other instances when the services of a certified, independent real estate professional could be helpful. 
Dispute your tax assessmentIt's possible you're paying too much in property taxes if you live in an area where property values have declined. Property taxes are based upon a previous assessment of your home, so if values are less than what they used to be in your area, you can challenge your assessment and save money. An appraisal from Race Appraisal Services, LLC 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 property, almost all lenders ask home owners to purchase this additional insurance plan. That policy is Private Mortgage Insurance, or PMI. Seeing that extra payment is usually bundled into the monthly mortgage payment, it is often forgotten. PMI is no longer required when the remainder of the loan - whether through market appreciation or principal pay down - goes below the 80% level, making this very unfortunate. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to do away with the PMI installments when the loan-to-value ratio conditions have been met. Race Appraisal Services, LLC will give you a statement regarding the value of your home, and the expense of the appraisal can generally be offset in little time because you'll no longer be paying the PMI. Order an appraisal from Race Appraisal Services, LLC Order onlineDivorce settlement with less stressA divorce can be an especially horrible event for both parties, and it is often even more complicated by the troublesome decision of who keeps the property. Regardless of the circumstances, it's a good idea to get an appraisal from Race Appraisal Services, LLC so both parties are fully aware of the true market value of their home. If the parties wish 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. Fair and accurate estate liquidationThe death of 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 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. Most Americans don't have dedicated estate planners or executors to handle these issues, unlike wealthy individuals. And seeing that a home or other property often makes up a disproportionate share of the total estate value, understanding the true value of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've gotten an honest deal. Relocate to or from Hampden County through an employee relocation programEmployee relocation can be a stressful event, and we understand. That's why we take great care in organizing an accommodating appointment time for the appraisal inspection. During our detailed inspection, we encourage relocating employees to provide remarks on the positive attributes of their property, along with information about any new sales or listings in their neighborhood that they want considered. Close on your home quickly — at an accurate priceWhether you decide to sell your home on your own or with the help of a real estate agent, a professional appraisal can help you make a more informed decision when determining your selling price. Apart from a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees are calculated on our efforts to complete the appraisal report and and aren't related to the sales price. We analyze the difference in value items like an additional bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long housesstay on the market. So, getting a professional appraisal is a reliable 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. 
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