Why you should order an appraisal from Barnes Appraisal Company
Thousands of people in Oklahoma buy, sell or refinance their home each month. A lot of these transactions involve a simple line item for an appraisal. And while there are a developing number of automated home valuation methods that may seem more economical than an appraisal, almost all lenders still need a local expert because the stakes are very high. You might believe that securing a mortgage is the only reason to get an appraisal, but there are other times when the services of a licensed, independent real estate professional might come in handy.
Dispute 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 Barnes Appraisal Company is your best evidence when building your case. At Barnes Appraisal Company, we're capable of assisting you in challenging your tax assessment.
Removing PMI for mortgage payments
Private Mortgage Insurance, or PMI, is a supplemental insurance plan that almost all lenders ask homeowners to buy when the amount being loaned to the home buyer is more than 80% of the actual value of the real estate. This additional payment is often folded into the monthly mortgage payment and is promptly forgotten. This is unfortunate because PMI isn't necessary when the remaining 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 implemented by the United States Congress that requires lenders to do away with the PMI installments when the loan-to-value ratio conditions have been met.
If you'd like to do away with PMI, Barnes Appraisal Company will give you a statement regarding the value of your home. The expense of the appraisal can usually be regained in little time 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 can be a very traumatic ordeal for both parties, and it is often more complicated by the burdensome decision of who maintains the property. Regardless of the situation, it's a good idea to get an appraisal from Barnes Appraisal Company so both parties are completely aware of the true market value of their property.
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 assessment.
Accurate and fair estate liquidation
Losing a loved one is a painful 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 guarantee the highest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Most Americans don't have dedicated estate planners or executors to manage these issues, unlike wealthy individuals. And since a home or other property often makes up a disproportionate share of the total estate value, knowing the true worth of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've received an honest deal.
Move to or from Comanche County for work
We know the stress involved with an employee relocation. That being said, we take great care in organizing an accommodating appointment time for the appraisal inspection. During our thorough inspection, we suggest relocating employees to provide input on the positive features of their property, along with information regarding any current sales or listings in their area that they want considered.
Sell your home quickly — for the right price
A professional appraisal will help you make a more informed decision regarding your selling price, whether you choose to sell your home on your own or use the assistance of a real estate agent. An appraiser has no vested interest in what amount the house sells for, apart from real estate agents. Our fees aren't a percentage of 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 items like an extra bathroom or a kitchen remodel can make. Seeking a professional appraisal is a reliable way to determine 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 stay on the market.