Why you should order an appraisal from Bruce W. Reyle & Company Real Estate Appraisers and Consultants
Thousands of people in Virginia purchase, sell or refinance their home each month. Most of these transactions involve a simple line item for an appraisal. Practically all lenders still call in a local expert because the stakes are incredibly high, even though there are a developing number of automated home valuation processes that may seem more prudent than an appraisal. You might believe that getting a mortgage is the only reason you should get an appraisal, but there are other situations when the services of a certified, independent real estate professional might come in handy.
Challenge your tax assessment
If you live in an area where property values have depreciated, it's possible you're paying too much in property taxes. When building your case, an appraisal from us is your best evidence. At Bruce W. Reyle & Company Real Estate Appraisers and Consultants, we're capable of assisting you in disputing your tax assessment.
PMI removal to reduce your mortgage payment
Private Mortgage Insurance, or PMI, is an extra insurance plan that almost all lenders ask buyers to purchase when the amount being loaned to the buyer is more than 80% of the actual value of the real estate. Most often, this added payment is bundled into the monthly mortgage payment and is promptly forgotten. PMI is no longer required when the remainder of the loan - whether through market appreciation or principal pay down - dips below the 80% level, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress that requires lenders to eliminate the PMI installments when the loan-to-value ratio conditions have been met.
If you'd like to do away with PMI, Bruce W. Reyle & Company Real Estate Appraisers and Consultants can give you a statement regarding the value of your home. The expense of the appraisal can often be regained in little time because you'll no longer be paying the PMI.
Order your appraisal from Bruce W. Reyle & Company Real Estate Appraisers and Consultants todayOrder today
Settle a divorce with fewer hang-ups
A divorce is an especially horrible event for the parties involved, and it is often further complicated by the burdensome decision of who gets the house. So both parties are entirely aware of the true market value of their home, it's a good idea to get an appraisal from Bruce W. Reyle & Company Real Estate Appraisers and Consultants, regardless of the situation.
The parties will have a clearer picture of what price to set, if they want to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.
Fair and accurate estate liquidation
The death of a loved one is a painful 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 maximum degree of discretion.
Unlike wealthier individuals, most Americans do not have dedicated estate planners or executors to take care of these affairs. And seeing that a home or other property often makes up an uneven share of the total estate value, understanding the true worth of the real estate at hand is of significant importance to ensuring disputing parties leave knowing they've gotten a fair deal.
Relocate to or from Fairfax City County for work
Employee relocation can be 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 input on the positive characteristics of their property, as well as information regarding any recent sales or listings in their neighborhood that they want considered.
Close on your home quickly — at an accurate price
A professional appraisal can help you make a better educated decision regarding your asking 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 related to the sales price, but rather they rest on our efforts to complete the appraisal report.
We determine the difference in value things like an additional bathroom or a kitchen remodel can make on a daily basis. 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 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.