6 Reasons to consider an appraisal from Theresa G. Dunleavy & Associates

To many, an appraisal just looks like one more thing in the long list of items for a home purchase or refinance. Most lenders still call in a local expert because the stakes are so high, even though there are a growing number of automated home valuation methods that might seem less expensive than an appraisal. Is getting a mortgage the only basis for getting an appraisal? Are there additional times when the services of a certified, independent real estate professional could be helpful? Of course.

Let Theresa G. Dunleavy & Associates assist you in lowering your mortgage payment

Appeal your tax assessment in Norfolk City County

If you live in an area where the property value has depreciated, it's possible you're paying too much in property taxes. When building your case, an appraisal from us is your best evidence. At Theresa G. Dunleavy & Associates, we're equipped to assist you in appealing your tax assessment.

Eliminate PMI to lower your mortgage payment

Private Mortgage Insurance, or PMI, is a supplemental insurance plan that many lenders ask homeowners to buy when the amount being loaned to the home 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 unfavorable because PMI becomes unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - falls below the 80% level. In fact, the Homeowners Protection Act (HPA) of 1998 was invoked by the United States Congress requiring lenders to remove the PMI installments when the loan-to-value ratio conditions have been met.

Theresa G. Dunleavy & Associates will provide you with a statement regarding the value of your home, and the cost of the appraisal can usually be recovered in just a few months because you'll no longer be paying the PMI.

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Divorce settlement with fewer hang-ups

A divorce is often complicated by the challenging decision of who gets the house, and it can be a particularly horrible occurrence for both parties. Regardless of the situation, it's a good idea to get an appraisal from Theresa G. Dunleavy & Associates so both parties are entirely aware of the true market value of their house.

If the parties want to sell the home, they'll have a better idea of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.

Fair and accurate estate liquidation

Losing 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 real estate involved. We ensure the maximum 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 handle these affairs, unlike many wealthy individuals. A home or other property often makes up an uneven share of the total estate value, so understanding the true worth of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've gotten a fair deal.

Relocate to or from Norfolk City County through an employee relocation program

We are aware of the stress involved with an employee relocation. We take great care in organizing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive attributes of their property, as well as information regarding any recent sales or listings in their neighborhood that they want considered during our intensive inspection.

Close on your home promptly — for an accurate price

Whether you decide to sell your home on your own or use the assistance of a real estate agent, a professional appraisal will help you make a better educated decision when determining your selling price. Apart from a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees aren't a percentage of the sales price, but rather they rest on our efforts to complete the appraisal report.

On a daily basis, we examine the difference in value things like an additional bathroom or a kitchen remodel can make. Obtaining 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.

Let Theresa G. Dunleavy & Associates assist you in selling your home quickly at the right price