Reasons to get an appraisal from RWA AppraisalsTo many, an appraisal just looks like another cost on the break-sheet for a mortgage or refinance. Even though there are a developing number of automated home valuation systems that may appear more economical than an appraisal, practically all lenders still call for a local expert because the stakes are so high. Is getting a mortgage the only reason to acquire an appraisal? Are there also cases when the services of a licensed, independent real estate professional could come in handy? Absolutely. 
Contest your tax assessmentIt's probable you're paying too much in property taxes if you reside in an area where property values have depreciated. Ad Valorem taxes are determined by a previous assessment of your real estate, so if values have gone down in your area, you can challenge your assessment and save money. An appraisal from RWA Appraisals is your best evidence when building your case. We can assist you in challenging your tax assessment. Get rid of PMI to lower your mortgage paymentPrivate Mortgage Insurance, or PMI, is an additional insurance policy that most lenders ask buyers to purchase when the amount being loaned to the home owner is more than 80% of the actual value of the property. Very often, this extra payment is bundled into the monthly mortgage payment and is promptly forgotten. This is bad because PMI is unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - goes below the 80% level. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to eliminate the PMI payments when the loan-to-value ratio conditions have been met. If you'd like to get rid of PMI, RWA Appraisals can provide you with a statement regarding the value of your home. The cost of the appraisal can often be regained in little time because you'll no longer be paying the PMI. Order your appraisal from RWA Appraisals today Order onlineSettle a divorce with fewer hang-upsA divorce is often complicated by the troublesome decision of who gets the home, and it can be a very daunting ordeal for both parties. Regardless of the situation, it's a good idea to get an appraisal from RWA Appraisals 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 gotten a fair assessment. Ascertain a fair and accurate valuation for estate liquidationThe death of a loved one is a hard 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 highest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP). Unlike many wealthy individuals, most Americans do not have dedicated estate planners or executors to take care of these affairs. And since a home or other property often makes up a disproportionate share of the total estate value, knowing the true value of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've gotten a fair deal. Move to or from Kitsap County for workWe are aware of the headaches associated with an employee relocation. That being said, we take great care in organizing an accommodating appointment time for the appraisal inspection. During our detailed inspection, we suggest relocating employees to provide remarks on the positive characteristics of their property, as well as information about any current sales or listings in their area that they want considered. Close on your home promptly — at an accurate priceA professional appraisal can help you make a more informed decision regarding your selling price, whether you decide to sell your home on your own or with the help of a real estate agent. Unlike a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees aren't a percentage of the sales price, but rather they are based on our efforts to finish the appraisal report. On a daily basis, we determine the difference in value items like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long propertiesstay on the market. So, getting a professional appraisal is a reliable way to determine 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. 
|