At REID E. CHOATE & ASSOCIATES, LLC, we understand the particular needs of a customer after appraisal services.
The appraisal process and reporting formats are relatively routine to our business clients like lenders, lawyers, and CPAs. As our valued client, we will give you extra guidance and explanations through the appraisal process to more fully understand what we do and how we document our conclusions.
Pre-listing Services/For Sale by Owner (FSBO)
It's very hard to be objective about your home because of your emotional attachment to it.
A professional appraiser is objective and will tell you what you need to know, not just what you want to hear.
In addition to helping you set a realistic selling price so your house will attract interested buyers, a professional appraisal is a very valuable negotiating tool once you have an interested buyer.
It's something concrete to show your buyer.
The appraisal is an independent third party's opinion of your property's market value, not just how much you think your home is worth.
Interested buyers assume you have an emotional attachment to your house and will be much more likely to give credibility to a professional appraiser's value judgement than yours.
Challenge Hawaii County's assessment of your property
Your local tax assessor may have your house overvalued if you live in a region that's going down or is not appreciating as much as other houses close to yours.
That means you're paying more taxes than you should.
Since your property assessment may likely go up again in the next period, the quicker you take care of a matter like this, the better.
Getting an expert appraisal from REID E. CHOATE & ASSOCIATES, LLC is your number one weapon when challenging your property tax assessment.
Need to cancel PMI?
A popular way to save money for homeowners is getting the PMI eliminated from their mortgage loan, thus saving them money on their monthly payments. PMI stands for "Private Mortgage Insurance".
Once your mortgage loan amount is down below 80% of the value of your property, in most cases you can apply to the lender to have the PMI removed from your loan, which will make your monthly payments go down.
REID E. CHOATE & ASSOCIATES, LLC is qualified in helping homeowners just like you do away with unneeded and unwanted PMI insurance.
HELOC recently frozen?
Even if your specific property has not declined in value, your lender might just choose to automatically freeze your home equity line of credit (HELOC) if your property is near a declining area.
Not only can this be difficult from a cash flow viewpoint, but it can be damaging to your credit score since it may appear as though that credit line is maxed out.
REID E. CHOATE & ASSOCIATES, LLC can help you reinstate your HELOC.
Field and Desktop Appraisal Review Services
Would you prefer a second opinion without the cost and delay of waiting for a whole new appraisal? Or do you desire a professional to double-check your appraisal for preciseness?
An appraiser from REID E. CHOATE & ASSOCIATES, LLC can go out and check the subject and comps in question in a field review.
Or, if you need it in a rush, we can provide desk review and verify as many facts as we can, using online data sources as well as our own files.
We can also provide a retrospective review of any appraisal report you may have had done before.
Even though most appraisal reviews are commissioned by lenders for quality control, homeowners suspecting a prior appraisal wasn't above board are prudent to get a second opinion.
REID E. CHOATE & ASSOCIATES, LLC PO Box 388 Pahoa, HI 96778-0388
