Reasons to order an appraisal

Year after year, thousands of people in Massachusetts purchase, sell or refinance their home. Many of these transactions include a simple line item for an appraisal. While there are an increasing number of automated home valuation systems that might appear to be more practical than an appraisal, most lenders still need a local expert because the stakes are very high. Is obtaining a mortgage the only reason you should get an appraisal? Are there also instances when the services of a certified, independent real estate professional might be helpful? You bet there are.

Let National Home Appraisal Corporation assist you in lowering your mortgage payment

Appeal your tax assessment in Worcester County

If you live in an area where the value of property has declined, it's possible you're paying too much in property taxes. When building your case, an appraisal from us is your best evidence. At National Home Appraisal Corporation, we're qualified to assist you in disputing your tax assessment.

Get rid of PMI to lower your mortgage payment

Private Mortgage Insurance, or PMI, is an added insurance plan that nearly all lenders ask home buyers to buy when the amount being loaned to the home owner is more than 80% of the actual value of the property. More often than not, this additional payment is lumped into the monthly mortgage payment and is soon forgotten. PMI isn't necessary when the leftover balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was invoked by the United States Congress requiring lenders to remove the PMI payments when the loan-to-value ratio conditions have been met.

If you'd like to do away with PMI, National Home Appraisal Corporation can produce a statement regarding the value of your home. The expense 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 less stress

A divorce is a very horrible event for the parties involved, and it is often even more complicated by the troublesome decision of who maintains the home. It's a good idea to get an appraisal from National Home Appraisal Corporation so both parties are entirely aware of the true market value of their house, regardless of the circumstances.

The parties will have a better idea 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 received a fair assessment.

Fair and accurate estate liquidation

The loss 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. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the highest degree of discretion.

Unlike wealthy individuals, most Americans don't have dedicated estate planners or executors to take care of these matters. A home or other property often makes up a disproportionate share of the total estate value, so understanding the true worth of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've received a fair deal.

Relocate to or from Worcester County for work

Employee relocation is 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 remarks on the positive characteristics of their property, along with information about any new sales or listings in their neighborhood that they want considered during our intensive inspection.

Close on your home promptly — for an accurate price

Whether you want to sell your home on your own or use the assistance of a real estate agent, a professional appraisal will help you make a more informed decision when determining your selling price. An appraiser has no vested interest in what amount the house sells for, apart from real estate agents. Our fees aren't a percentage of the sales price, but rather they are based on our efforts to complete the appraisal report.

We determine the difference in value items like an extra bathroom or a kitchen remodel can make on a daily basis. Seeking a professional appraisal is a reliable way to decide 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.

Let National Home Appraisal Corporation help you sell your home quickly at the right price