Reasons to consider an appraisal from Klein Appraisals, LLC
To many, an appraisal is simply one more thing in the long list of items for a home purchase or refinance. Most lenders still call for a local expert because the stakes are so high, even though there are an increasing number of automated home valuation processes that may appear to be less expensive than an appraisal. Is getting a mortgage the only reason to acquire an appraisal? Are there additional instances when the services of a licensed, independent real estate professional might be beneficial? Of course there are.
Challenge your tax assessment in Baltimore County
If you reside in an area where property values have depreciated, it's possible you're paying too much in property taxes. An appraisal from Klein Appraisals, LLC is your best evidence when building your case. At Klein Appraisals, LLC, we're capable of assisting you in disputing your tax assessment.
PMI removal to lower your mortgage payment
When the amount being loaned to the home buyeris more than 80% of the actual value of the real estate, nearly all lenders ask home buyers to buy this extra insurance policy. That policy is Private Mortgage Insurance, or PMI. Oftentimes, this additional payment is lumped into the monthly mortgage payment and is promptly forgotten. This is bad because PMI isn't necessary when the remainder of the loan - whether through market appreciation or principal pay down - falls below the 80% level. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to remove the PMI payments when the loan-to-value ratio conditions have been met.
Klein Appraisals, LLC will produce a statement regarding the value of your home, and the price you paid for the home valuation can usually be regained in a short amount of time because you'll no longer be paying the PMI.
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Settle a divorce with fewer hang-ups
A divorce is a very horrible experience for the parties involved, and it is often even more complicated by the strenuous decision of who gets the property. It's a good idea to get an appraisal from Klein Appraisals, LLC so both parties are completely aware of the true market value of their home, regardless of the circumstances.
The parties will have a better idea 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.
Fair and accurate 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. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the fullest degree of discretion.
Most Americans do not have dedicated estate planners or executors to handle these issues, unlike wealthy individuals. A home or other property often makes up an uneven share of the total estate value, so understanding the true value of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've gotten an honest deal.
Relocate to or from Baltimore County through an employee relocation program
Employee relocation is a stressful event, and we understand. That being said, we take great care in setting up an accommodating appointment time for the appraisal inspection. During our intensive inspection, we encourage relocating employees to provide feedback on the positive aspects of their property, as well as information regarding any new sales or listings in their area that they want considered.
Close on your home quickly — at the right price
Whether you decide to sell your home on your own or with the help of a real estate agent, a professional appraisal can help you make a better educated decision when determining your asking price. An appraiser has no vested interest in what price the house sells for, unlike real estate agents. Our fees are calculated on our efforts to complete the appraisal report and and aren't related to the sales price.
We determine the difference in value things like an extra bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long housesare on the market. So, seeking a professional appraisal is a trusted way to determine what improvements will add value and what a suitable sales price is for your home so you don't come up short or have your house on the market an unnecessarily long time.