United Valuations in Federal Way perform appraisals for a variety of reasonsYear after year, thousands of people in Washington buy, sell or refinance their home. A lot of these transactions involve a simple line item for an appraisal. While there are a developing number of automated home valuation systems that might appear cheaper than an appraisal, the majority of lenders still want a local expert because the stakes are so high. You might think that getting a mortgage is the only reason you should get an appraisal, but there are additional situations when the services of a licensed, independent real estate professional might be beneficial.
Dispute your tax assessment in King CountyIf you live in an area where property values have depreciated, it's possible you're paying too much in property taxes. When building your case, an appraisal from United Valuations is your best evidence. At United Valuations,we can 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 homebuyer is more than 80% of the actual value of the home, many lenders ask home buyers to take out an supplemental insurance plan. That policy is Private Mortgage Insurance, or PMI. This additional payment is often folded into the monthly mortgage payment and is promptly forgotten. PMI is unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - falls below the 80% mark, making this very unfavorable. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to dismiss the PMI payments when the loan-to-value ratio conditions have been met.
If you'd like to get rid of PMI, United Valuations can produce a statement regarding the value of your home. The cost of the appraisal can generally be recovered in little time because you'll no longer be paying the PMI.
Settling a divorce with less stress with an appraisal from United ValuationsA divorce is an especially daunting experience for the parties involved, and it is often even more complicated by the challenging decision of who keeps the property. So both parties are entirely aware of the true market value of their house, it's a good idea to get an appraisal from United Valuations, regardless of the situation.
The parties will have a better idea of what price to set, if they need to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.
Fair and accurate estate liquidation with United ValuationsSettling an estateLosing a loved one is a hard time in life, and settling an estate from a death, or probate, often requires an appraisal to establish 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 maximum degree of discretion.
Most Americans do not have dedicated estate planners or executors to take care of these affairs, unlike wealthier individuals. And seeing that a home or other property often makes up an uneven share of the total estate value, understanding the true value of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've gotten an honest deal.
Let United Valuations assist you in relocating to or from King CountyWe understand the headaches involved with an employee relocation. That being said, 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 new sales or listings in their neighborhood that they want considered during our thorough process.
Don't sell out short or keep your home on the market too long.A professional appraisal can help you make a more informed decision when determining your selling price, whether you decide to sell your home on your own or with the help of a real estate agent. Separate from a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees aren't contingent upon the value we report, but rather they are calculated on our efforts to finish the appraisal.
On a daily basis, we examine the difference in value things like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long properties stay on the market. So, getting a professional appraisal is a reliable 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 for an extended amount of time.