There are lots of reasons consumers call on Beltway Appraisals, LLCTo a lot of us, an appraisal just looks like another fee in the long list of items for a home sale or refinance. Practically all lenders still want a local expert because the stakes are so high, even though there are a budding number of automated home valuation processes that may appear to be more economical than an appraisal. You might think that getting a mortgage is the only reason to acquire an appraisal, but there are more situations when the services of a certified, independent real estate professional could be beneficial.
Let Beltway Appraisals, LLC help you challenge your tax assessment in Anne Arundel CountyIt's possible you're paying too much in property taxes if you reside in an area where property values have declined. Ad Valorem taxes are based upon a previous assessment of your real estate, so if values have declined in your area, you can challenge your assessment and save money. An appraisal from Beltway Appraisals, LLC is your best evidence when building your case. We're equipped to assist you in disputing your tax assessment.
PMI removal to lower your mortgage paymentPrivate Mortgage Insurance, or PMI, is an extra insurance policy that almost all lenders ask homeowners to buy when the amount being loaned to the home owner is more than 80% of the actual value of the home. Seeing that added payment is usually folded into the monthly mortgage payment, it is often forgotten. This is unfortunate because PMI isn't necessary when the remainder of the loan - whether through market appreciation or principal pay down - falls below the 80% mark. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to remove the PMI payments when the loan-to-value ratio conditions have been met.
If you'd like to eliminate PMI, Beltway Appraisals, LLC will provide you with a statement regarding the value of your home. The expense of the appraisal can generally be recovered in a short amount of time because you'll no longer be paying the PMI.
An appraisal from Beltway Appraisals, LLC will help you settle a divorce with less stressA divorce is often complicated by the challenging decision of who gets the home, and it can be a particularly heartbreaking occurrence for both parties. It's a good idea to order an appraisal from Beltway Appraisals, LLC so both parties are entirely aware of the true market value of their property, regardless of the situation.
The parties will have a good idea 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.
Fair and accurate estate liquidationThe loss of a loved one is a difficult 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, ensuring the maximum degree of discretion.
Most Americans do not have dedicated estate planners or executors to take care of these issues, unlike wealthier individuals. And since a home or other property often makes up an unequal share of the total estate value, understanding the absolute value of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've gotten an honest deal.
Beltway Appraisals, LLC can assist you in relocating to or from Anne Arundel CountyWe know the headaches associated with an employee relocation. That's why we take great care in establishing an accommodating appointment time for the appraisal inspection. During our thorough process, we suggest employees that are moving to provide remarks on the positive characteristics of their property, as well as information regarding any recent sales or listings in their area that they want considered.
Sell your home quickly at the right priceA 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. Unlike a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees are calculated on our efforts to complete the appraisal report and and aren't related to the sales price.
We examine the difference in value things like an extra bathroom or a kitchen remodel can make on a daily basis. 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 homes are one the market.