Reasons to order an appraisal

Thousands of people in Pennsylvania purchase, sell or refinance their home every month. Many of these transactions involve a simple line item for an appraisal. And while there are a multiplying number of automated home valuation systems that might seem less expensive than an appraisal, almost all lenders still call in a local expert because the stakes are so high. You might assume that obtaining a mortgage is the only reason you should get an appraisal, but there are more instances when the services of a licensed, independent real estate professional might be helpful.

Let David Hesidenz Appraisals assist you in lowering your mortgage payment

Dispute your tax assessment

It's likely you're paying too much in property taxes if you reside in an area where property values have depreciated. Property taxes are determined by a past assessment of your home, so if values have declined in your neighborhood, you can challenge your assessment and save money. An appraisal from David Hesidenz Appraisals is your best evidence when building your case. We can assist you in challenging your tax assessment.

Eliminating PMI for mortgage payments

Private Mortgage Insurance, or PMI, is an added insurance plan that most lenders ask home buyers to buy when the amount being loaned to the home buyer is more than 80% of the actual value of the real estate. More often than not, this extra payment is lumped into the monthly mortgage payment and is promptly forgotten. This is unfortunate because PMI isn't necessary 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 passed a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to do away with the PMI payments when the loan-to-value ratio conditions have been met.

If you'd like to get rid of PMI, David Hesidenz Appraisals will produce a statement regarding the value of your home. The expense of the appraisal can generally be offset in little time because you'll no longer be paying the PMI.

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Get a fair valuation on a home take make a divorce settlement less stressful

A divorce can be an especially horrible ordeal for both parties, and it is often even more complicated by the strenuous decision of who keeps the house. Regardless of the circumstances, it's a good idea to get an appraisal from David Hesidenz Appraisals so both parties are completely aware of the true market value of their house.

The parties will have a better 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 received a fair assessment.

Accurate and fair estate liquidation

The death of a loved one is a hard 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, ensuring the fullest degree of discretion.

Unlike wealthier individuals, most Americans don't have dedicated estate planners or executors to handle these affairs. 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 vital importance to ensuring disputing parties leave knowing they've gotten a fair deal.

Move to or from Butler County for work

Employee relocation is a stressful event, and we understand. That being said, we take great care in establishing a convenient appointment time for the appraisal inspection. During our intensive inspection, we recommend relocating employees to provide feedback on the positive attributes of their property, as well as information about any current sales or listings in their neighborhood that they want considered.

Close on your home promptly — at the right price

A professional appraisal will help you make a better educated decision when determining your asking price, whether you decide to sell your home on your own or use the assistance 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 related to the sales price, but rather they are calculated on our efforts to complete the appraisal report.

On a daily basis, we determine the difference in value items like an additional bathroom or a kitchen remodel can make. Seeking a professional appraisal is a trusted 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, because we're experts in knowing how long properties are one the market.

Let David Hesidenz Appraisals assist you in selling your home quickly at the right price