Why get an appraisal from William C. Teed, SRA?Thousands of people in Massachusetts buy, sell or refinance their home every month. A lot of these transactions have a simple line item for an appraisal. And even though there are an increasing number of automated home valuation systems that might appear less expensive than an appraisal, nearly all lenders still call for a local expert because the stakes are very high. But is securing a mortgage the only reason you should get an appraisal? Are there other times when the services of a licensed, independent real estate professional might come in handy? Of course.
Let William C. Teed, SRA help you appeal your tax assessment in Plymouth CountyIt's probable you're paying too much in property taxes if you reside in an area where property values have declined. Property taxes are determined by a past assessment of your real estate, so if values are less than what they used to be in your area, you can appeal your assessment and save money. When building your case, an appraisal from William C. Teed, SRA is your best evidence. At William C. Teed, SRA,we can assist you in disputing your tax assessment.William C. Teed, SRA can help you get rid of PMI to lower your mortgage paymentWhen the amount being loaned to the homeowner is more than 80% of the actual value of the home, many lenders ask home owners to buy an additional insurance policy. That policy is Private Mortgage Insurance, or PMI. Since the extra payment is usually folded into the monthly mortgage payment, it is often forgotten. This is unfavorable because PMI becomes unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - falls below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress requiring lenders to remove the PMI payments when the balance is paid down to 78% of the original value.If you'd like to do away with PMI, William C. Teed, SRA can provide you with a statement regarding the value of your home. The expense of the appraisal can usually be offset in just a few months because you'll no longer be paying the PMI. Settling a divorce with less stress with an appraisal from William C. Teed, SRAA divorce is an especially heartbreaking experience for the parties involved, and it is often more complicated by the difficult decision of who maintains the house. Regardless of the situation, it's prudent to get an appraisal from William C. Teed, SRA so both parties are completely aware of the true market value of their home.The parties will have a better idea of what price to set, if they want to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment. Settling an estate with peace of mindThe 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 Market Value for the real estate involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the utmost degree of discretion.Unlike wealthier individuals, most Americans don't have dedicated estate planners or executors to manage these affairs. A home or other property often makes up an unequal share of the total estate value, so knowing the true value of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've received an honest deal. Relocating to or from Plymouth CountyWe understand the headaches involved with an employee relocation. We take great care in organizing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive attributes of their property, along with information about any current sales or listings in their neighborhood that they want considered during our thorough process.Let William C. Teed, SRA help you sell your home quickly at the right priceWhether you want to sell your home on your own or use the assistance of a real estate agent, a professional appraisal can help you make a more informed decision when determining your asking price. An appraiser has no vested interest in what price the house sells for, unlike real estate agents. The price we charge isn't contingent upon the value we report, but rather they are based on our efforts to complete the appraisal.On a daily basis, we determine the difference in value things like an extra bathroom or a kitchen remodel can make. 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 an unnecessarily long time - because we're experts in knowing how long properties are one the market. |