Reasons someone would use the services of Hough AppraisalsTo many, an appraisal is simply one more thing in the long list of items for a mortgage or refinance. Most lenders still call for a local expert because the stakes are very high, even though there are an increasing number of automated home valuation methods that might appear to be more prudent than an appraisal. But is getting a mortgage the only basis for getting an appraisal? Are there more times when the services of a certified, independent real estate professional might come in handy? Of course.
Let Hough Appraisals help you appeal your tax assessment in Greene CountyIt's possible you're paying too much in property taxes if you reside in an area where property values have depreciated. Ad Valorem taxes are determined by a past assessment of your home, so if values are less than what they used to be in your area, you can challenge your assessment and save money. An appraisal from Hough Appraisals is your best evidence when building your case. At Hough Appraisals, we're equipped to assist you in disputing your tax assessment.
Let Hough Appraisals help you do away with PMI to lower your mortgage paymentPrivate Mortgage Insurance, or PMI, is a supplemental insurance policy that nearly all lenders ask homeowners to buy when the amount being loaned to the homeowner is more than 80% of the actual value of the real estate. This added payment is often folded into the monthly mortgage payment and is promptly forgotten. This is unfavorable because PMI is unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress requiring lenders to eliminate the PMI payments on most mortgages when the balance is paid down to 78% of the original value.
Hough Appraisals can give you a statement regarding the value of your home, and the cost of the home valuation can often be regained in little time because you'll no longer be paying the PMI.
Settling a divorce with less stressA divorce is often complicated by the strenuous decision of who maintains the home, and it can be a very traumatic occurrence for both parties. It's a good idea to order an appraisal from Hough Appraisals so both parties are fully aware of the true market value of their house, regardless of the situation.
The parties will have a better 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.
Accurate and fair estate liquidationThe death of a loved one is a hard time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Market Value for the real estate involved. We ensure 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 do not have dedicated estate planners or executors to manage these issues, unlike many wealthy individuals. And since a home or other property often makes up a disproportionate share of the total estate value, knowing the absolute value of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've received a fair deal.
Hough Appraisals can help you with relocating to or from Greene CountyWe understand the stress associated with an employee relocation. That being said, we take great care in establishing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive characteristics of their property, along with information regarding any current sales or listings in their neighborhood that they want considered during our intensive process.
Selling your home quickly at the right priceA professional appraisal will help you make a better educated decision regarding your asking price, whether you choose to sell your home on your own or with the help of a real estate agent. An appraiser has no vested interest in what amount the house sells for, unlike real estate agents. Our fees are calculated on our efforts to finish the appraisal report and and aren't related to the sales price.
We analyze 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 determine what improvements will add value and what an appropriate 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.