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6 Reasons you should order an appraisal from Barnes Appraisal Company

Every year, thousands of people in Oklahoma buy, sell or refinance their home. Most of these transactions involve a simple line item for an appraisal. And even though there are a budding number of automated home valuation systems that might appear to be more practical than an appraisal, nearly all lenders still call for a local expert because the stakes are so high. You might think that getting a mortgage is the only basis for getting an appraisal, but there are additional situations when the services of a certified, independent real estate professional could be beneficial.

Let Barnes Appraisal Company assist you in lowering your mortgage payment

Challenge your tax assessment

It's probable you're paying too much in property taxes if you live in an area where property values have declined. Property taxes are based upon a previous assessment of your house, so if prices have gone down in your neighborhood, you can challenge your assessment and save money. An appraisal from Barnes Appraisal Company is your best evidence when building your case. We can assist you in disputing your tax assessment.

PMI removal to lower a mortgage payment

Private Mortgage Insurance, or PMI, is a supplemental insurance plan that many lenders ask homeowners to buy when the amount being loaned to the homebuyer is more than 80% of the actual value of the property. Very often, this extra payment is lumped into the monthly mortgage payment and is promptly forgotten. This is bad because PMI is no longer required when the remainder of the loan - whether through market appreciation or principal pay down - goes below the 80% level. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress that requires lenders to dismiss the PMI installments when the loan-to-value ratio conditions have been met.

If you'd like to eliminate PMI, Barnes Appraisal Company will give you a statement regarding the value of your home. The cost of the appraisal can usually be regained in just a few months because you'll no longer be paying the PMI.

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Settle a divorce with fewer hang-ups

A divorce is often complicated by the burdensome decision of who keeps the house, and it can be a particularly horrible event for both parties. So both parties are fully aware of the true market value of their home, it's a good idea to get an appraisal from Barnes Appraisal Company, regardless of the situation.

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

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 residential property involved. We guarantee the maximum degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).

Most Americans do not have dedicated estate planners or executors to manage these matters, unlike wealthier individuals. A home or other property often makes up an uneven 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 a fair deal.

Relocate to or from Comanche County through an employee relocation program

We understand the headaches associated with an employee relocation. 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 feedback on the positive features of their property, as well as information about any current sales or listings in their area that they want considered.

Sell your home quickly — for the right price

Whether you want to sell your home on your own or use the assistance of a real estate agent, a professional appraisal can help you make a more informed decision regarding your asking price. Apart from a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees are based on our efforts to finish the appraisal report and not a percentage of the sales price.

We examine the difference in value things like an extra 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 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, because we're experts in knowing how long homes stay on the market.

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