Why you should order an appraisal from Dudas & Associates, IncTo a lot of people, an appraisal is simply another cost on the break-sheet for a home purchase or refinance. Nearly all lenders still need a local expert because the stakes are very high, even though there are a developing number of automated home valuation methods that might appear more economical than an appraisal. Is securing a mortgage the only reason to acquire an appraisal? Are there more cases when the services of a licensed, independent real estate professional could be helpful? You bet there are. 
Contest your tax assessmentIt'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 past assessment of your real estate, so if prices have gone down in your neighborhood, you can appeal your assessment and save money. When building your case, an appraisal from us is your best evidence. At Dudas & Associates, Inc, we're qualified to assist you in challenging your tax assessment. Removing PMI for mortgage paymentsWhen the amount being loaned to the home owneris more than 80% of the actual value of the property, many lenders ask buyers to take out this added insurance plan. That policy is Private Mortgage Insurance, or PMI. Oftentimes, this extra payment is lumped into the monthly mortgage payment and is quickly forgotten. This is unfortunate because PMI isn't required when the remainder of the loan - whether through market appreciation or principal pay down - decreases below the 80% level. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to eliminate the PMI payments when the loan-to-value ratio conditions have been met. Dudas & Associates, Inc can provide you with a statement regarding the value of your home, and the expense of the home valuation can generally be regained in a short amount of time because you'll no longer be paying the PMI. Order your appraisal from Dudas & Associates, Inc today Order onlineDivorce settlement with fewer hang-upsA divorce is a very daunting experience for the parties involved, and it is often more complicated by the troublesome decision of who gets the house. Regardless of the situation, it's a good idea to order an appraisal from Dudas & Associates, Inc so both parties are fully aware of the true market value of their property. 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 gotten a fair evaluation. Determine an accurate and fair valuation for estate liquidationThe loss of a loved one is a painful time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Fair Market Value for the residential property involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the fullest degree of discretion. Most Americans do not have dedicated estate planners or executors to handle these matters, unlike many 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 essential importance to ensuring disputing parties walk away knowing they've gotten an honest deal. Relocate to or from Summit County through an employee relocation programEmployee relocation is a stressful event, and we understand. 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 aspects of their property, along with information regarding any recent sales or listings in their area that they want considered during our intensive inspection. Close on your home promptly — for an accurate priceA professional appraisal can 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, apart from real estate agents. Our fees are based on our efforts to finish the appraisal report and and aren't related to the sales price. On a daily basis, we determine the difference in value items like an additional bathroom or a kitchen remodel can make. And we're experts in knowing how long propertiesstay on the market. So, obtaining 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. 
|