There are lots of reasons consumers call on Karen Delk & Associates, IncTo a lot of people, an appraisal is simply another fee in the long list of items for a home sale or refinance. And even though there are a growing number of automated home valuation processes that may seem less expensive than an appraisal, most lenders still need a local expert because the stakes are incredibly high. But is getting a mortgage the only reason to get an appraisal? Are there additional situations when the services of a certified, independent real estate professional might come in handy? You bet there are.
Appeal your tax assessment in Harrison CountyIt'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 home, so if prices are less than what they used to be in your neighborhood, you can challenge your assessment and save money. When building your case, an appraisal from Karen Delk & Associates, Inc is your best evidence. At Karen Delk & Associates, Inc,we can assist you in appealing your tax assessment.
Let Karen Delk & Associates, Inc help you do away with PMI to lower your mortgage paymentWhen the amount being loaned to the homebuyer is more than 80% of the actual value of the property, many lenders ask home buyers to purchase an added insurance policy. That policy is Private Mortgage Insurance, or PMI. More often than not, this additional payment is bundled into the monthly mortgage payment and is soon forgotten. This is unfavorable because PMI is no longer required when the leftover balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress requiring lenders to eliminate the PMI payments on most mortgages when the balance is paid down to 78% of the original value.
Karen Delk & Associates, Inc can produce a statement regarding the value of your home, and the expense of the home valuation can usually be regained in just a few months because you'll no longer be paying the PMI.
Divorce settlement with less stressA divorce is often complicated by the strenuous decision of who keeps the home, and it can be a particularly heartbreaking occurrence for both parties. It's a good idea to order an appraisal from Karen Delk & Associates, Inc so both parties are completely aware of the true market value of their home, regardless of the circumstances.
The parties will have a better idea of what price to set, if they want 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 assessment.
Settling an estate with peace of mindLosing a loved one is a painful time in life, and settling an estate from a death, or probate, often requires an appraisal to establish Market Value for the residential property involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the utmost degree of discretion.
Most Americans don't have dedicated estate planners or executors to handle these affairs, unlike wealthier individuals. 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 essential importance to ensuring disputing parties walk away knowing they've gotten a fair deal.
Let Karen Delk & Associates, Inc assist you in relocating to or from Harrison CountyEmployee relocation is a more than just an inconvenience. We know where you're coming from! That's why we take great care in organizing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive features of their property, along with information regarding any new sales or listings in their area that they want considered during our detailed process.
Let Karen Delk & Associates, Inc help you sell your home quickly at the right priceA professional appraisal will help you make a better educated 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. An appraiser has no vested interest in what price the house sells for, unlike real estate agents. Our fees aren't contingent upon the value we report, but rather they depend on our efforts to finish the appraisal.
We analyze the difference in value items like an additional bathroom or a kitchen remodel can make on a daily basis. Obtaining a professional appraisal is a trusted 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 - because we're experts in knowing how long homes are one the market.