6 Reasons to choose an appraisal from Frederick & Company
Thousands of people in Pennsylvania purchase, sell or refinance their home each year. A lot of these transactions contain a simple line item for an appraisal. Practically all lenders still want a local expert because the stakes are incredibly high, even though there are a multiplying number of automated home valuation methods that might appear to be more practical than an appraisal. You might think that getting a mortgage is the only reason to get an appraisal, but there are other instances when the services of a certified, independent real estate professional might come in handy.
Challenge your tax assessment in Allegheny County
It's possible you're paying too much in property taxes if you live in an area where property values have depreciated. Property taxes are based upon a past assessment of your home, so if prices are less than what they used to be in your area, you can challenge your assessment and save money. An appraisal from Frederick & Company is your best evidence when building your case. We can assist you in disputing your tax assessment.
Removing PMI for mortgage payments
Private Mortgage Insurance, or PMI, is an extra insurance plan that almost all lenders ask home owners to buy when the amount being loaned to the homebuyer is more than 80% of the actual value of the real estate. Since the additional payment is usually bundled into the monthly mortgage payment, it is often forgotten. PMI is no longer required when the leftover balance of the loan - whether through market appreciation or principal pay down - goes below the 80% mark, making this very unfortunate. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress requiring lenders to do away with the PMI installments when the loan-to-value ratio conditions have been met.
If you'd like to eliminate PMI, Frederick & Company can give you a statement regarding the value of your home. The expense of the home valuation can usually be recovered 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 is an especially horrible event for the parties involved, and it is often further complicated by the burdensome decision of who gets the property. So both parties are entirely aware of the true market value of their home, it's a good idea to get an appraisal from Frederick & Company, regardless of the circumstances.
The parties will have a clearer picture of what price to set, if they wish to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.
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. We ensure the maximum degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Unlike wealthy individuals, most Americans do not have dedicated estate planners or executors to manage these issues. A home or other property often makes up a disproportionate share of the total estate value, so understanding the true value of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've gotten an honest deal.
Move to or from Allegheny County for work
Employee relocation can be a stressful event, and we understand. We take great care in setting up a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive characteristics of their property, as well as information regarding any recent sales or listings in their neighborhood that they want considered during our detailed inspection.
Sell your home promptly — for an accurate price
A professional appraisal will help you make a more informed decision when determining your selling price, whether you choose 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 amount the house sells for. Our fees aren't related to the sales price, but rather they are based on our efforts to complete the appraisal report.
On a daily basis, we analyze the difference in value things like an extra bathroom or a kitchen remodel can make. Obtaining a professional appraisal is a trusted way to decide 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.