Why you should get an appraisal from Barnes Appraisal Company
Each year, thousands of people in Oklahoma buy, sell or refinance their home. A lot of these transactions contain a simple line item for an appraisal. Most lenders still need a local expert because the stakes are very high, even though there are a developing number of automated home valuation processes that may seem cheaper than an appraisal. You might think that getting a mortgage is the only basis for getting an appraisal, but there are additional cases when the services of a licensed, independent real estate professional might come in handy.
Contest your tax assessment
If you reside in an area where the property value has declined, it's possible you're paying too much in property taxes. An appraisal from Barnes Appraisal Company is your best evidence when building your case. At Barnes Appraisal Company, we're capable of assisting you in disputing your tax assessment.
Getting rid of your PMI for mortgage payments
Private Mortgage Insurance, or PMI, is an added insurance plan that nearly all lenders ask home owners to buy when the amount being loaned to the buyer is more than 80% of the actual value of the real estate. This added payment is often lumped into the monthly mortgage payment and is promptly forgotten. PMI isn't required when the remaining balance of the loan - whether through market appreciation or principal pay down - dips below the 80% mark, making this very unfavorable. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to do away with the PMI installments when the loan-to-value ratio conditions have been met.
If you'd like to get rid of PMI, Barnes Appraisal Company can provide you with a statement regarding the value of your home. The price you paid for the home valuation can often be regained in little time because you'll no longer be paying the PMI.
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Get a fair valuation on a home for divorce settlements
A divorce is a particularly horrible event for the parties involved, and it is often further complicated by the difficult 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 fully aware of the true market value of their house.
If the parties wish to sell the home, they'll have a a good idea of what price to set. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.
Determine a fair and accurate valuation for estate liquidation
Losing 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 Fair Market Value for the residential property involved. We guarantee the fullest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
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, knowing the true value of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've received a fair deal.
Move to or from Comanche County through an employee relocation program
Employee relocation can be a stressful event, and we understand. That being said, we take great care in organizing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive features of their property, as well as information about any current sales or listings in their area that they want considered during our thorough inspection.
Close on your home quickly — at an accurate price
Whether you want to sell your home on your own or use the assistance of a real estate agent, a professional appraisal will help you make a better educated 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 aren't a percentage of the sales price, but rather they depend on our efforts to finish the appraisal report.
We analyze the difference in value items like an additional bathroom or a kitchen remodel can make on a daily basis. Getting a professional appraisal is a reliable 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 houses are one the market.