Reasons to get an appraisal

To a lot of us, an appraisal is simply another cost in the long list of items for a mortgage or refinance. And even though there are a growing number of automated home valuation processes that may appear more economical than an appraisal, the majority of lenders still need a local expert because the stakes are very high. But is obtaining a mortgage the only reason to acquire an appraisal? Are there additional times when the services of a certified, independent real estate professional could be beneficial? You bet.


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Dispute your tax assessment in Wilkes 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 determined by a previous assessment of your house, so if prices have declined in your neighborhood, you can appeal your assessment and save money. An appraisal from Danny Raymer Appraisals is your best evidence when building your case. We're capable of assisting you in challenging your tax assessment.

Getting rid of your PMI will lower your mortgage payment

When the amount being loaned to the homeowner is more than 80% of the actual value of the real estate, almost all lenders ask homeowners to buy an extra insurance plan. That policy is Private Mortgage Insurance, or PMI. Since the additional payment is usually bundled into the monthly mortgage payment, it is often forgotten. PMI isn't required when the leftover balance 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 payments when the balance is paid down to 78% of the original value.

If you'd like to eliminate PMI, Danny Raymer Appraisals can give you a statement regarding the value of your home. The price you paid for the appraisal can usually be recovered in little time because you'll no longer be paying the PMI.

Settling a divorce with less stress

A divorce can be a particularly traumatic event for both parties, and it is often more complicated by the difficult decision of who maintains the home. It's a good idea to order an appraisal from Danny Raymer Appraisals so both parties are fully aware of the true market value of their property, regardless of the circumstances.

If the parties wish to sell the home, they'll have a better 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.

Fair and accurate estate liquidation with Danny Raymer AppraisalsSettling an estate

The death of a loved one is a painful time in life, and settling an estate from a death, or probate, often calls for an appraisal to establish 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.

Unlike many wealthy individuals, most Americans don't have dedicated estate planners or executors to take care of these affairs. 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 vital importance to ensuring disputing parties walk away knowing they've gotten an honest deal.

Danny Raymer Appraisals can assist you in relocating to or from Wilkes County

Employee relocation can be a stressful event, and we understand. We take great care in establishing a convenient appointment time for the appraisal inspection. During our thorough process, we suggest employees that are moving 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.

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

Whether you decide 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 regarding your selling price. With much different interests than a real estate agent, an appraiser has no vested interest in what amount 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.

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 determine 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 an unnecessarily long time - because we're experts in knowing how long homes are one the market.