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Getting an appraisal from Valuation Consultants

To a lot of us, an appraisal is simply a line item in the long list of items for a home purchase or refinance. And while there are a developing number of automated home valuation processes that might appear more practical than an appraisal, most lenders still need a local expert because the stakes are very high. But is obtaining a mortgage the only reason to get an appraisal? Are there additional instances when the services of a certified, independent real estate professional might be helpful? Of course.

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Dispute your tax assessment in Lancaster County

It's likely you're paying too much in property taxes if you reside in an area where property values have declined. Ad Valorem taxes are based upon a past assessment of your home, so if values have declined in your area, you can challenge your assessment and save money. An appraisal from Valuation Consultants is your best evidence when building your case. At Valuation Consultants, we're qualified to assist you in disputing your tax assessment.

Let Valuation Consultants assist you in lowering your mortgage payment

When the amount being loaned to the homeowner is more than 80% of the actual value of the property, most lenders ask home owners to take out an added insurance policy. That policy is Private Mortgage Insurance, or PMI. Since the added payment is usually lumped into the monthly mortgage payment, it is often forgotten. This is damaging because PMI is no longer required when the remaining balance of the loan - whether through market appreciation or principal pay down - dips below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was approved 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.

If you'd like to eliminate PMI, Valuation Consultants will produce 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.

Settling a divorce with less stress

A divorce is a very daunting experience for the parties involved, and it is often even more complicated by the difficult decision of who maintains the property. So both parties are fully aware of the true market value of their home, it's a good idea to get an appraisal from Valuation Consultants, regardless of the situation.

The parties will have a better idea of what price to set, if they need to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.

Accurate and fair estate liquidation with help from Valuation ConsultantsSettling an estate

The death of a loved one is a hard time in life, and settling an estate from a death, or probate, often requires an appraisal to establish 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 manage these affairs, unlike many wealthy individuals. A home or other property often makes up an uneven 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 an honest deal.

Relocating to or from Lancaster County

Employee relocation is a more than just an inconvenience. We know where you're coming from! That's why we take great care in setting up an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive aspects of their property, as well as information about any new sales or listings in their neighborhood that they want considered during our thorough process.

Don't sell out for too little or keep your home on the market too long.

A professional appraisal will help you make a better educated decision when determining your selling price, whether you want to sell your home on your own or use the assistance of a real estate agent. An appraiser has no vested interest in what amount the house sells for, which is different than the interest of real estate agents. Our fees depend on our efforts to complete the appraisal report and not a percentage of the sales price.

On a daily basis, we determine the difference in value things like an additional bathroom or a kitchen remodel can make. Getting a professional appraisal is a reliable way to decide 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 houses are one the market.