REID E. CHOATE & ASSOCIATES, LLC in Pahoa are hired for a variety of purposes

Every year, thousands of people in Hawaii buy, sell or refinance their home. Many of these transactions contain a simple line item for an appraisal. Practically all lenders still call for a local expert because the stakes are very high, even though there are a developing number of automated home valuation methods that might appear to be more economical than an appraisal. But is getting a mortgage the only reason to get an appraisal? Are there other times when the services of a licensed, independent real estate professional could come in handy? Of course there are.


	Contact REID E. CHOATE & ASSOCIATES, LLC if you're planning on any transaction where the value of your house is a factor. Just click here

Challenge your tax assessment in Hawaii County

It's possible you're paying too much in property taxes if you live in an area where property values have depreciated. Ad Valorem taxes are based upon a previous assessment of your real estate, so if prices have gone down in your area, you can appeal your assessment and save money. An appraisal from REID E. CHOATE & ASSOCIATES, LLC is your best evidence when building your case. At REID E. CHOATE & ASSOCIATES, LLC, we're qualified to assist you in challenging your tax assessment.

How can you get rid of PMI to lower your mortgage payment?

When the amount being loaned to the buyer is more than 80% of the actual value of the property, many lenders ask buyers to purchase an added insurance plan. That policy is Private Mortgage Insurance, or PMI. This added payment is often bundled into the monthly mortgage payment and is promptly forgotten. This is bad because PMI isn't necessary when the leftover balance of the loan - whether through market appreciation or principal pay down - dips below the 80% level. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to remove the PMI installments when the loan-to-value ratio conditions have been met.

If you'd like to do away with PMI, REID E. CHOATE & ASSOCIATES, LLC will provide you with a statement regarding the value of your home. The price you paid for the home valuation can often be offset in a short amount of time because you'll no longer be paying the PMI.

Settling a divorce with less stress

A divorce is often complicated by the strenuous decision of who maintains the home, and it can be an especially heartbreaking occurrence for both parties. So both parties are fully aware of the true market value of their home, it's a good idea to order an appraisal from REID E. CHOATE & ASSOCIATES, LLC, regardless of the situation.

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

Accurate and fair estate liquidation with help from REID E. CHOATE & ASSOCIATES, LLCSettling an estate

Losing a loved one is a difficult time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Market Value for the residential property involved. We guarantee the fullest 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 take care of these matters, unlike many wealthy individuals. A home or other property often makes up a disproportionate share of the total estate value, so knowing the true value of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've received an honest deal.

REID E. CHOATE & ASSOCIATES, LLC can help you with relocating to or from Hawaii County

We understand the stress involved with an employee relocation. That's why we take great care in organizing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive attributes of their property, along with information regarding any recent sales or listings in their area that they want considered during our intensive process.

Sell your home quickly at the right price with an appraisal from REID E. CHOATE & ASSOCIATES, LLC

A professional appraisal will help you make a better educated decision when determining your selling price, whether you want to sell your home on your own or use the assistance of a real estate agent. An appraiser has no vested interest in what price the house sells for, which is different than the interest of real estate agents. Our fees aren't contingent upon the value we report, but rather they are based on our efforts to finish the appraisal.

We examine the difference in value things like an extra bathroom or a kitchen remodel can make on a daily basis. 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.