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Let Dudas & Associates, Inc handle your appraisal needs

Thousands of people in Ohio purchase, sell or refinance their home each month. Most of these transactions include a simple line item for an appraisal. And while there are a developing number of automated home valuation methods that might appear to be more practical than an appraisal, almost all lenders still want a local expert because the stakes are very high. You might assume that getting a mortgage is the only reason you should get an appraisal, but there are other instances when the services of a certified, independent real estate professional might be beneficial.

Let Dudas & Associates, Inc help you lower your mortgage payment

Contest your tax assessment

It's possible you're paying too much in property taxes if you reside in an area where property values have depreciated. Property taxes are determined by a previous assessment of your home, so if prices 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're equipped to assist you in challenging your tax assessment.

Getting rid of your PMI for mortgage payments

Private Mortgage Insurance, or PMI, is an extra insurance policy that most lenders ask homebuyers to buy when the amount being loaned to the home buyer is more than 80% of the actual value of the property. Most often, this extra payment is folded into the monthly mortgage payment and is quickly forgotten. PMI isn't necessary when the remainder of the loan - whether through market appreciation or principal pay down - goes below the 80% level, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress requiring lenders to eliminate the PMI installments when the loan-to-value ratio conditions have been met.

If you'd like to get rid of PMI, Dudas & Associates, Inc can produce a statement regarding the value of your home. The cost of the appraisal can generally be recovered in just a few months because you'll no longer be paying the PMI.

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Get a fair valuation on a home take make a divorce settlement less stressful

A divorce is often complicated by the strenuous decision of who maintains the property, and it can be a very horrible event for both parties. So both parties are fully aware of the true market value of their home, it's a good idea to get an appraisal from Dudas & Associates, Inc, regardless of the situation.

If the parties wish to sell the home, they'll have a a good idea of what price to set. And on the flip side, 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 requires 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 highest degree of discretion.

Most Americans don't have dedicated estate planners or executors to manage these affairs, unlike wealthy individuals. And since a home or other property often makes up an uneven share of the total estate value, knowing the true worth of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've gotten a fair deal.

Relocate to or from Summit County for work

Employee relocation can be a stressful event, and we understand. That's why we take great care in organizing an accommodating appointment time for the appraisal inspection. During our intensive inspection, we recommend relocating employees to provide remarks on the positive features of their property, as well as information about any new sales or listings in their neighborhood that they want considered.

Sell your home promptly — for an accurate price

Whether you want to sell your home on your own or with the help of a real estate agent, a professional appraisal can help you make a better educated decision when determining your asking price. Unlike a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees are calculated 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 extra bathroom or a kitchen remodel can make. Obtaining 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 stay on the market.

Let Dudas & Associates, Inc help you sell your home quickly at the right price