Reasons to order an appraisal

Every year, thousands of people in Massachusetts purchase, sell or refinance their home. Many of these transactions include a simple line item for an appraisal. Almost all lenders still want a local expert because the stakes are so high, even though there are an increasing number of automated home valuation processes that might appear to be more prudent than an appraisal. You might assume that obtaining a mortgage is the only reason to get an appraisal, but there are other situations when the services of a licensed, independent real estate professional could be helpful.

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Dispute your tax assessment

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 determined by a past assessment of your house, so if values 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 us is your best evidence. We can assist you in appealing your tax assessment.

Getting rid of your PMI for mortgage payments

When the amount being loaned to the buyeris more than 80% of the actual value of the home, almost all lenders ask homebuyers to take out this additional insurance plan. That policy is Private Mortgage Insurance, or PMI. Since the extra payment is usually lumped 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 - dips below the 80% level, making this very unfortunate. In fact, the Homeowners Protection Act (HPA) of 1998 was invoked by the United States Congress requiring lenders to dismiss the PMI installments when the loan-to-value ratio conditions have been met.

National Home Appraisal Corporation can give you a statement regarding the value of your home, and the cost of the home valuation can generally be regained in just a few months because you'll no longer be paying the PMI.

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Divorce settlement with fewer hang-ups

A divorce can be a very traumatic ordeal for both parties, and it is often even more complicated by the difficult decision of who maintains the property. It's a good idea to order an appraisal from National Home Appraisal Corporation so both parties are entirely aware of the true market value of their house, regardless of the situation.

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

Ascertain a fair and accurate valuation for estate liquidation

The death of 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 real estate involved. We ensure the highest 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 handle these affairs, unlike wealthier individuals. And seeing that a home or other property often makes up an unequal share of the total estate value, understanding the true worth of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've received a fair deal.

Relocate to or from Worcester County for work

We are familiar with the stress involved with an employee relocation. 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 regarding any recent sales or listings in their neighborhood that they want considered during our detailed inspection.

Close on your home quickly — at the right price

Whether you choose 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 when determining your selling price. An appraiser has no vested interest in what price the house sells for, apart from real estate agents. Our fees aren't related to the sales price, but rather they rest on our efforts to finish the appraisal report.

We examine the difference in value things like an additional bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long housesstay on the market. So, obtaining a professional appraisal is a reliable 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.

Let National Home Appraisal Corporation assist you in selling your home quickly at the right price