Why you should hire an appraiserTo many, an appraisal just looks like one more thing on the break-sheet for a home purchase or refinance. The majority of lenders still call for a local expert because the stakes are so high, even though there are a budding number of automated home valuation processes that might appear to be more economical than an appraisal. You might assume that obtaining a mortgage is the only reason you should get an appraisal, but there are more times when the services of a licensed, independent real estate professional might be beneficial.
Let Sooner Appraisals help you dispute your tax assessment in Tulsa CountyIf you live in an area where the value of property has depreciated, it's possible you're paying too much in property taxes. An appraisal from Sooner Appraisals is your best evidence when building your case. At Sooner Appraisals, we're qualified to assist you in appealing your tax assessment.
Eliminating PMI will lower your mortgage paymentPrivate Mortgage Insurance, or PMI, is an extra insurance policy that most lenders ask home owners to purchase when the amount being loaned to the homebuyer is more than 80% of the actual value of the property. This added payment is often bundled into the monthly mortgage payment and is quickly forgotten. This is unfortunate because PMI isn't necessary when the remaining balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark. 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 payments when the loan-to-value ratio conditions have been met.
If you'd like to do away with PMI, Sooner Appraisals can provide you with a statement regarding the value of your home. The cost of the home valuation can generally be regained in just a few months because you'll no longer be paying the PMI.
Settling a divorce with less stressA divorce is an especially heartbreaking ordeal for the parties involved, and it is often even more complicated by the difficult decision of who maintains the home. It's a good idea to get an appraisal from Sooner Appraisals so both parties are fully aware of the true market value of their property, regardless of the situation.
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 assessment.
Settling an estate with peace of mindThe loss of a loved one is a painful time in life, and settling an estate from a death, or probate, often calls for 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 maximum degree of discretion.
Most Americans do not have dedicated estate planners or executors to handle these affairs, unlike wealthy individuals. 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 significant importance to ensuring disputing parties walk away knowing they've received a fair deal.
Relocating to or from Tulsa County?Moving due to a job change can be a real pain, and we understand. That being said, we take great care in organizing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive attributes of their property, as well as information about any recent sales or listings in their neighborhood that they want considered during our intensive process.
Let Sooner Appraisals assist you in selling your home quickly at the right priceA professional appraisal will help you make a more informed decision when determining your selling price, whether you decide to sell your home on your own or use the assistance 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 are derived from our efforts to finish the appraisal report and and aren't related to the sales price.
We examine the difference in value things like an additional bathroom or a kitchen remodel can make on a daily basis. Getting a professional appraisal is a trusted 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 properties stay on the market.