Reasons to order an appraisal from Crowe Appraisals
Thousands of people in Oklahoma buy, sell or refinance their home every year. Most of these transactions consist of a simple line item for an appraisal. Almost all lenders still want a local expert because the stakes are incredibly high, even though there are a developing number of automated home valuation processes that might appear cheaper than an appraisal. You might assume that securing a mortgage is the only reason you should get an appraisal, but there are other times when the services of a certified, independent real estate professional might be helpful.
Contest your tax assessment
If you live 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. At Crowe Appraisals, we're equipped to assist you in appealing your tax assessment.
PMI removal to reduce a mortgage payment
Private Mortgage Insurance, or PMI, is a supplemental insurance plan that nearly all lenders ask homebuyers to buy when the amount being loaned to the homebuyer is more than 80% of the actual value of the home. This added payment is often bundled into the monthly mortgage payment and is soon forgotten. This is unfortunate 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 implemented by the United States Congress that requires lenders to dismiss the PMI payments when the loan-to-value ratio conditions have been met.
Crowe Appraisals can provide you with a statement regarding the value of your home, and the cost of the appraisal can generally be offset in a short amount of time because you'll no longer be paying the PMI.
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Divorce settlement with less stress
A divorce is a particularly daunting event for the parties involved, and it is often further complicated by the hard decision of who maintains the home. Regardless of the circumstances, it's a good idea to order an appraisal from Crowe Appraisals so both parties are completely aware of the true market value of their house.
If the parties want to sell the home, they'll have a clearer picture of what price to set. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation.
Ascertain an accurate and fair valuation for estate liquidation
Losing a loved one is a difficult time in life, and settling an estate from a death, or probate, often entails 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).
Most Americans don't have dedicated estate planners or executors to handle these matters, unlike wealthier individuals. A home or other property often makes up a disproportionate share of the total estate value, so understanding the true worth of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've received an honest deal.
Relocate to or from Oklahoma County through an employee relocation program
Employee relocation is a stressful event, and we understand. That's why we take great care in setting up an accommodating appointment time for the appraisal inspection. During our intensive inspection, we suggest relocating employees to provide feedback on the positive attributes of their property, as well as information about any recent sales or listings in their area that they want considered.
Close on your home promptly — for an accurate price
A professional appraisal will help you make a more informed decision when determining your selling 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 amount the house sells for, unlike real estate agents. Our fees aren't a percentage of the sales price, but rather they are calculated on our efforts to complete the appraisal report.
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 propertiesstay on the market. So, seeking a professional appraisal is a trusted way to decide 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.