Reasons to choose an appraisal from Race Appraisal Services, LLCEvery year, thousands of people in Massachusetts purchase, sell or refinance their home. Most of these transactions contain a simple line item for an appraisal. And while there are a budding number of automated home valuation methods that might seem cheaper than an appraisal, the majority of lenders still need a local expert because the stakes are very high. You might believe that securing a mortgage is the only reason you should get an appraisal, but there are other cases when the services of a licensed, independent real estate professional could be beneficial. ![]() Dispute your tax assessment in Hampden CountyIf you reside in an area where the property value has depreciated, it's possible you're paying too much in property taxes. When building your case, an appraisal from us is your best evidence. We're capable of assisting you in disputing your tax assessment. PMI removal to lower your mortgage paymentPrivate Mortgage Insurance, or PMI, is an extra insurance policy that most lenders ask home owners to buy when the amount being loaned to the homeowner is more than 80% of the actual value of the home. Very often, this added payment is bundled into the monthly mortgage payment and is soon forgotten. PMI isn't required when the remaining balance of the loan - whether through market appreciation or principal pay down - goes below the 80% level, making this very unfortunate. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress requiring lenders to do away with the PMI payments 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 cost of the appraisal can often be recovered in a short amount of time because you'll no longer be paying the PMI. Get your appraisal from Race Appraisal Services, LLC Order todayGet a fair valuation on a home take make a divorce settlement less stressfulA divorce can be an especially daunting ordeal for both parties, and it is often further complicated by the difficult decision of who gets the house. It's a good idea to order an appraisal from Race Appraisal Services, LLC so both parties are entirely aware of the true market value of their home, regardless of the situation. The parties will have a better idea of what price to set, if they wish to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair assessment. Fair and accurate estate liquidationThe loss 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 real estate involved. We guarantee the utmost 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 take care of these matters. A home or other property often makes up a disproportionate share of the total estate value, so understanding 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. Move to or from Hampden County through an employee relocation programEmployee relocation is a stressful event, and we understand. That being said, we take great care in organizing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive features of their property, as well as information regarding any current sales or listings in their neighborhood that they want considered during our intensive inspection. Close on your home promptly — at an accurate priceWhether you want to sell your home on your own or with the help of a real estate agent, a professional appraisal will help you make a more informed decision when determining your asking price. Unlike a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees rest on our efforts to finish the appraisal report and not a percentage of the sales price. We determine the difference in value things like an extra bathroom or a kitchen remodel can make on a daily basis. Obtaining 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 houses are one the market. ![]() |
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