Reasons you should order an appraisal from Theresa G. Dunleavy & Associates

To a lot of us, an appraisal is simply a line item in the long list of items for a mortgage or refinance. Most lenders still need a local expert because the stakes are very high, even though there are a budding number of automated home valuation methods that might appear more cost-effective than an appraisal. You might assume that securing a mortgage is the only reason to acquire an appraisal, but there are other times when the services of a certified, independent real estate professional might be helpful.

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

Appeal your tax assessment

If you are in an area where the property value has depreciated, it's possible you're paying too much in property taxes. An appraisal from Theresa G. Dunleavy & Associates is your best evidence when building your case. We can assist you in appealing your tax assessment.

PMI removal to reduce your mortgage payment

Private Mortgage Insurance, or PMI, is an added insurance plan that many lenders ask buyers to purchase when the amount being loaned to the home owner is more than 80% of the actual value of the real estate. Most often, this extra payment is lumped into the monthly mortgage payment and is promptly forgotten. PMI becomes unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark, making this very unfortunate. In fact, the United States Congress passed 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.

Theresa G. Dunleavy & Associates can give you a statement regarding the value of your home, and the cost of the home valuation can generally be regained in a short amount of time because you'll no longer be paying the PMI.

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Divorce settlement with less stress

A divorce is a very horrible experience for the parties involved, and it is often more complicated by the challenging decision of who gets the house. Regardless of the circumstances, it's a good idea to order an appraisal from Theresa G. Dunleavy & Associates so both parties are entirely aware of the true market value of their house.

If the parties need to sell the home, they'll have a clearer picture of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair assessment.

Determine an accurate and fair valuation for estate liquidation

The 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 Fair Market Value for the residential property involved. We ensure the highest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).

Unlike many wealthy individuals, most Americans don't have dedicated estate planners or executors to handle these affairs. A home or other property often makes up a disproportionate share of the total estate value, so knowing the true worth of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've gotten a fair deal.

Relocate to or from Norfolk City County for work

We know the headaches associated with an employee relocation. That's why we take great care in establishing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive features of their property, along with information about any new sales or listings in their area that they want considered during our thorough inspection.

Sell your home promptly — for the right price

A professional appraisal can help you make a better educated decision when determining your asking price, whether you decide to sell your home on your own or with the help of a real estate agent. Unlike a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees aren't related to the sales price, but rather they rest on our efforts to finish the appraisal report.

On a daily basis, we analyze the difference in value things like an extra bathroom or a kitchen remodel can make. Getting a professional appraisal is a reliable way to determine 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 are one the market.

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