There are lots of reasons people call on Chris BarrettTo a lot of people, an appraisal is simply a line item in the long list of items for a mortgage or refinance. Even though there are a growing number of automated home valuation processes that may appear to be more economical than an appraisal, most lenders still call for a local expert because the stakes are incredibly high. You might believe that securing a mortgage is the only reason you should get an appraisal, but there are more situations when the services of a certified, independent real estate professional might come in handy.
Appeal your tax assessment in Walthall CountyIf you reside in an area where property values have declined, it's possible you're paying too much in property taxes. An appraisal from Chris Barrett is your best evidence when building your case. At Chris Barrett,we can assist you in challenging your tax assessment.
Let Chris Barrett help you get rid of PMI to lower your mortgage paymentWhen the amount being loaned to the home buyer is more than 80% of the actual value of the real estate, most lenders ask homeowners to buy an additional insurance plan. 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 unfortunate because PMI isn't necessary when the remaining balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% level. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress that requires lenders to do away with the PMI payments when the balance is paid down to 78% of the original value.
Chris Barrett will provide you with a statement regarding the value of your home, and the expense of the appraisal can generally be offset in little time because you'll no longer be paying the PMI.
Divorce settlement with less stressA divorce is an especially traumatic experience for the parties involved, and it is often more complicated by the burdensome decision of who gets the house. It's a good idea to get an appraisal from Chris Barrett so both parties are completely aware of the true market value of their home, regardless of the circumstances.
The parties will have a clearer picture of what price to set, if they need to sell the home. And 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 difficult time in life, and settling an estate from a death, or probate, often calls for an appraisal to establish Market Value for the residential property 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 take care of these issues. A home or other property often makes up an uneven share of the total estate value, so 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.
Let Chris Barrett help you with relocating to or from Walthall CountyWe are aware of the stress associated with an employee relocation. That's why we take great care in setting up 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 recent sales or listings in their area that they want considered during our detailed process.
Selling your home quickly at the right price with an appraisal from Chris BarrettWhether you decide 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 regarding your asking price. Unlike a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees are based on our efforts to perform the appraisal report and and aren't related to the sales price.
We determine the difference in value items like an extra bathroom or a kitchen remodel can make on a daily basis. 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 homes are one the market.