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Reasons to order an appraisal from Barnes Appraisal Company

Thousands of people in Oklahoma purchase, sell or refinance their home each month. Many of these transactions involve a simple line item for an appraisal. Practically all lenders still call for a local expert because the stakes are very high, even though there are a developing number of automated home valuation methods that might seem more cost-effective than an appraisal. Is securing a mortgage the only reason you should get an appraisal? Are there other cases when the services of a certified, independent real estate professional might be beneficial? You bet there are.

Let Barnes Appraisal Company assist you in lowering your mortgage payment

Challenge your tax assessment in Comanche County

It's possible you're paying too much in property taxes if you reside in an area where property values have declined. Property taxes are determined by a previous assessment of your real estate, so if values are less than what they used to be in your area, you can appeal your assessment and save money. An appraisal from Barnes Appraisal Company is your best evidence when building your case. We can assist you in appealing your tax assessment.

Eliminate PMI to lower your mortgage payment

Private Mortgage Insurance, or PMI, is an additional insurance policy that almost all lenders ask home buyers to buy when the amount being loaned to the homeowner is more than 80% of the actual value of the real estate. More often than not, this added payment is lumped into the monthly mortgage payment and is soon forgotten. This is unfortunate because PMI is unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - goes below the 80% mark. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to eliminate the PMI installments when the loan-to-value ratio conditions have been met.

Barnes Appraisal Company will provide you with a statement regarding the value of your home, and the expense of the appraisal can usually be recovered in a short amount of time because you'll no longer be paying the PMI.

Order your appraisal from Barnes Appraisal Company today

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

A divorce can be an especially daunting event for both parties, and it is often even more complicated by the hard decision of who gets the property. Regardless of the circumstances, it's a good idea to order an appraisal from Barnes Appraisal Company so both parties are entirely aware of the true market value of their home.

If the parties wish to sell the home, they'll have a a good idea of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation.

Determine a fair and accurate valuation for estate liquidation

The loss of a loved one is a hard time in life, and settling an estate from a death, or probate, often requires 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 utmost degree of discretion.

Unlike wealthy individuals, most Americans do not have dedicated estate planners or executors to handle these issues. A home or other property often makes up an unequal share of the total estate value, so knowing the true value of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've gotten an honest deal.

Relocate to or from Comanche County for work

Employee relocation is a stressful event, and we understand. That's why we take great care in organizing a convenient appointment time for the appraisal inspection. During our detailed inspection, we suggest relocating employees to provide remarks on the positive attributes of their property, as well as information regarding any new sales or listings in their area that they want considered.

Sell your home quickly — at an accurate price

A professional appraisal can help you make a more informed decision when determining your selling price, whether you decide to sell your home on your own or with the help of a real estate agent. Apart from a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees rest on our efforts to finish the appraisal report and not a percentage of the sales price.

On a daily basis, we analyze the difference in value items like an additional bathroom or a kitchen remodel can make. And we're experts in knowing how long housesare on the market. So, seeking a professional appraisal is a reliable 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.

Let Barnes Appraisal Company assist you in selling your home quickly at the right price