Why you should order an appraisal from Crowe Appraisals
Thousands of people in Oklahoma purchase, sell or refinance their home every month. Most of these transactions include a simple line item for an appraisal. Practically all lenders still call for a local expert because the stakes are very high, even though there are an increasing number of automated home valuation systems that may appear more practical than an appraisal. Is getting a mortgage the only reason to get an appraisal? Are there more cases when the services of a certified, independent real estate professional might be helpful? You bet.
Appeal your tax assessment
If you reside in an area where property values have declined, it's possible you're paying too much in property taxes. When building your case, an appraisal from us is your best evidence. We can assist you in appealing your tax assessment.
Removing PMI for mortgage payments
Private Mortgage Insurance, or PMI, is an additional insurance plan that nearly all lenders ask homebuyers to buy when the amount being loaned to the home owner is more than 80% of the actual value of the property. Most often, this additional payment is folded into the monthly mortgage payment and is quickly forgotten. PMI is no longer required when the leftover balance 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 implemented a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to dismiss the PMI installments when the loan-to-value ratio conditions have been met.
If you'd like to do away with PMI, Crowe Appraisals can provide you with a statement regarding the value of your home. The price you paid for the home valuation can generally be offset in little time because you'll no longer be paying the PMI.
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Divorce settlement with less stress
A divorce is an especially daunting event for the parties involved, and it is often more complicated by the burdensome decision of who maintains the property. Regardless of the circumstances, it's a good idea to order an appraisal from Crowe Appraisals so both parties are fully aware of the true market value of their property.
The parties will have a a good idea of what price to set, if they need to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've gotten a fair assessment.
Ascertain an accurate and fair valuation for estate liquidation
The loss of a loved one is a difficult time in life, and settling an estate from a death, or probate, often requires an appraisal to establish Fair Market Value for the real estate involved. We guarantee the maximum 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 take care of these issues, unlike wealthier individuals. And seeing that a home or other property often makes up a disproportionate share of the total estate value, knowing the true worth of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've gotten a fair deal.
Relocate to or from Oklahoma County for work
Employee 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. During our detailed inspection, we recommend relocating employees to provide feedback on the positive features of their property, as well as information regarding any current sales or listings in their area that they want considered.
Close on your home promptly — for an accurate price
Whether you choose 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. Apart from a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees depend on our efforts to complete the appraisal report and not a percentage of the sales price.
On a daily basis, we determine the difference in value items like an extra bathroom or a kitchen remodel can make. Obtaining a professional appraisal is a trusted way to decide what improvements will add value and what an appropriate 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.