To a lot of us, an appraisal is simply one more thing in the long list of items for a mortgage or refinance. And even though there are a developing number of automated home valuation methods that might appear less expensive than an appraisal, the majority of lenders still call for a local expert because the stakes are very high. You might believe that getting a mortgage is the only basis for getting an appraisal, but there are other instances when the services of a certified, independent real estate professional might be beneficial.
When you're planning on any transaction where the value of your real estate is of importance, contact David Laureano. Just click here
Challenge your tax assessment in Dorado County
It's quite possible you're paying too much in property taxes if you reside in an area where property values have depreciated. Ad Valorem taxes are based upon a previous assessment of your home, so if values are less than what they used to be in your area, you can appeal your assessment and save money. An appraisal from David Laureano is your best evidence when building your case. At David Laureano,we can assist you in disputing your tax assessment.
Let David Laureano help you eliminate PMI to lower your mortgage payment
When the amount being loaned to the home owner is more than 80% of the actual value of the home, many lenders ask home owners to take out an extra insurance plan. That policy is Private Mortgage Insurance, or PMI. This extra payment is often folded into the monthly mortgage payment and is soon forgotten. PMI isn't necessary when the remainder of the loan - whether through market appreciation or principal pay down - dips below the 80% level, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress requiring lenders to dismiss the PMI payments on most mortgages when the balance is paid down to 78% of the original value.
David Laureano will give you a statement regarding the value of your home, and the price you paid for the home valuation can usually be regained in just a few months because you'll no longer be paying the PMI.
Settling a divorce with less stress
A divorce is often complicated by the challenging decision of who gets the home, and it can be an especially traumatic event for both parties. So both parties are fully aware of the true market value of their house, it's a good idea to order an appraisal from David Laureano, regardless of the situation.
If the parties need to sell the home, they'll have a better idea of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.
Settling an estate with peace of mind
Losing a loved one is a painful time in life, and settling an estate from a death, or probate, often calls for 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.
Unlike wealthy individuals, most Americans do not have dedicated estate planners or executors to handle these issues. And seeing that a home or other property often makes up a disproportionate share of the total estate value, knowing the precise value of the real estate at hand is of significant importance to ensuring disputing parties leave knowing they've gotten a fair deal.
Let David Laureano help you with relocating to or from Bayamon County
We understand the headaches associated with an employee relocation. That's why we take great care in organizing an accommodating appointment time for the appraisal inspection. During our intensive process, we recommend employees that are moving to provide remarks on the positive characteristics of their property, as well as information about any new sales or listings in their area that they want considered.
Let David Laureano assist you in selling your home quickly at the right price
Whether you choose to sell your home on your own or with the help of a real estate agent, a professional appraisal will help you make a more informed decision when determining your asking price. An appraiser has no vested interest in what price the house sells for, unlike real estate agents. Our fees are based on our efforts to finish the appraisal report and not a percentage of the sales price.
On a daily basis, we determine the difference in value things like an additional bathroom or a kitchen remodel can make. Seeking 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 homes are one the market.
