Reasons to choose an appraisal from REID E. CHOATE & ASSOCIATES, LLC
To many, an appraisal just looks like one more thing on the break-sheet for a home purchase or refinance. Most lenders still call in a local expert because the stakes are incredibly high, even though there are a multiplying number of automated home valuation processes that may appear cheaper than an appraisal. You might believe that getting a mortgage is the only reason to acquire an appraisal, but there are additional instances when the services of a certified, independent real estate professional could be beneficial.
Challenge your tax assessment in Hawaii County
It's probable you're paying too much in property taxes if you reside in an area where property values have depreciated. Property taxes are determined by a past 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. We're capable of assisting you in disputing your tax assessment.
Get rid of PMI to lower your mortgage payment
Private Mortgage Insurance, or PMI, is an additional insurance policy that almost all lenders ask homeowners to buy when the amount being loaned to the homebuyer is more than 80% of the actual value of the property. Very often, this added payment is lumped 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 - falls below the 80% mark. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to do away with the PMI payments when the loan-to-value ratio conditions have been met.
REID E. CHOATE & ASSOCIATES, LLC will give you a statement regarding the value of your home, and the expense of the home valuation can generally be regained in little time because you'll no longer be paying the PMI.
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Divorce settlement with fewer hang-ups
A divorce is a very traumatic event for the parties involved, and it is often further complicated by the hard decision of who maintains the house. It's a good idea to get an appraisal from REID E. CHOATE & ASSOCIATES, LLC so both parties are completely aware of the true market value of their house, regardless of the situation.
The parties will have a a good idea of what price to set, if they wish to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation.
Ascertain an accurate and fair valuation for 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. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the fullest degree of discretion.
Unlike many wealthy individuals, most Americans do not have dedicated estate planners or executors to handle these affairs. And since a home or other property often makes up an unequal share of the total estate value, knowing the true worth of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've gotten a fair deal.
Relocate to or from Hawaii County through an employee relocation program
We understand the stress associated with an employee relocation. That's why we take great care in organizing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive attributes of their property, along with information about any recent sales or listings in their area that they want considered during our thorough inspection.
Close on your home quickly — at an accurate price
A professional appraisal can help you make a more informed decision regarding your selling price, whether you decide to sell your home on your own or with the help of a real estate agent. Apart from a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees depend on our efforts to complete the appraisal report and and aren't related to the sales price.
On a daily basis, we examine the difference in value things like an extra bathroom or a kitchen remodel can make. Obtaining a professional appraisal is a trusted 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 properties are one the market.
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