Getting an appraisal from New Century Appraisal, LLCEvery year, thousands of people in Michigan buy, sell or refinance their home. Most of these transactions consist of a simple line item for an appraisal. Nearly all lenders still call for a local expert because the stakes are so high, even though there are a multiplying number of automated home valuation processes that may appear more cost-effective than an appraisal. But is obtaining a mortgage the only reason to get an appraisal? Are there additional situations when the services of a licensed, independent real estate professional could be beneficial? You bet.
Let New Century Appraisal, LLC help you challenge your tax assessment in Oakland CountyIf you live in an area where property values have depreciated, it's possible you're paying too much in property taxes. When building your case, an appraisal from New Century Appraisal, LLC is your best evidence. We're qualified to assist you in challenging your tax assessment.
PMI removal to lower your mortgage paymentPrivate Mortgage Insurance, or PMI, is an added insurance plan that many lenders ask homeowners to purchase when the amount being loaned to the buyer is more than 80% of the actual value of the property. This added payment is often lumped into the monthly mortgage payment and is promptly forgotten. This is damaging because PMI isn't necessary when the leftover balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% level. In fact, the Homeowners Protection Act (HPA) of 1998 was approved by the United States Congress that requires lenders to do away with the PMI installments on most mortgages when the balance is paid down to 78% of the original value.
If you'd like to get rid of PMI, New Century Appraisal, LLC can 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.
Divorce settlement with less stressA divorce is often complicated by the difficult decision of who gets the house, and it can be a particularly heartbreaking ordeal for both parties. It's a good idea to order an appraisal from New Century Appraisal, LLC so both parties are fully aware of the true market value of their home, regardless of the situation.
If the parties want to sell the home, they'll have a clearer picture of what price to set. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation.
Fair and accurate estate liquidation with help from New Century Appraisal, LLCSettling an estateThe loss of a loved one is a difficult time in life, and settling an estate from a death, or probate, often calls for an appraisal to establish Market Value for the real estate involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the maximum degree of discretion.
Unlike wealthy individuals, most Americans do not have dedicated estate planners or executors to take care of these issues. And since a home or other property often makes up a disproportionate share of the total estate value, understanding the true value of the real estate at hand is of significant importance to ensuring disputing parties leave knowing they've received an honest deal.
New Century Appraisal, LLC can help you with relocating to or from Oakland CountyWe understand the headaches associated with an employee relocation. We take great care in setting up an accommodating appointment time for the appraisal inspection. During our intensive process, we suggest employees that are moving to provide feedback on the positive aspects of their property, as well as information about any recent sales or listings in their area that they want considered.
Selling your home quickly at the right price with an appraisal from New Century Appraisal, LLCA professional appraisal can help you make a better educated decision when determining your asking price, whether you want to sell your home on your own or with the help of a real estate agent. With much different interests than a real estate agent, an appraiser has no vested interest in what amount the house sells for. The price we charge isn't related to the sales price, but rather they depend on our efforts to complete the appraisal.
We examine the difference in value things like an extra bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long houses are on the market. So, seeking 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 too long, costing you hassle and money.