Why get an appraisal from High Desert Valuation Inc. ?Thousands of people in Oregon purchase, sell or refinance their home each year. A lot of these transactions consist of a simple line item for an appraisal. And even though there are a budding number of automated home valuation methods that might seem more prudent than an appraisal, the majority of lenders still need a local expert because the stakes are incredibly high. You might assume that obtaining a mortgage is the only reason to get an appraisal, but there are additional instances when the services of a licensed, independent real estate professional could be beneficial.
Appeal your tax assessment in Deschutes CountyIf you live in an area where the value of property has declined, it's possible you're paying too much in property taxes. An appraisal from High Desert Valuation Inc. is your best evidence when building your case. We're capable of assisting you in disputing your tax assessment.
Getting rid of your PMI will lower your mortgage paymentPrivate Mortgage Insurance, or PMI, is an additional insurance plan that nearly all lenders ask homebuyers to buy when the amount being loaned to the homeowner is more than 80% of the actual value of the home. Seeing that additional payment is usually bundled into the monthly mortgage payment, it is often forgotten. This is unfortunate because PMI is no longer required when the leftover balance of the loan - whether through market appreciation or principal pay down - goes below the 80% mark. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to remove the PMI installments when the loan-to-value ratio conditions have been met.
High Desert Valuation Inc. will produce a statement regarding the value of your home, and the expense of the home valuation can often be regained in just a few months because you'll no longer be paying the PMI.
An appraisal from High Desert Valuation Inc. will help you settle a divorce with less stressA divorce is often complicated by the hard decision of who keeps the house, and it can be a particularly heartbreaking experience for both parties. It's a good idea to get an appraisal from High Desert Valuation Inc. so both parties are fully aware of the true market value of their property, regardless of the circumstances.
The parties will have a clearer picture 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.
Fair and accurate estate liquidationThe death of a loved one is a difficult time in life, and settling an estate from a death, or probate, often requires an appraisal to establish Market Value for the residential property involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the fullest degree of discretion.
Most Americans do not have dedicated estate planners or executors to take care of these issues, unlike wealthy individuals. And seeing that a home or other property often makes up an unequal share of the total estate value, knowing the certain value of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've gotten an honest deal.
Relocating to or from Deschutes CountyEmployee relocation can be a stressful event, and we understand. That's why we take great care in establishing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive aspects of their property, along with information regarding any new sales or listings in their area that they want considered during our intensive process.
Sell your home quickly at the right priceA professional appraisal can help you make a better educated decision regarding your selling price, whether you decide to sell your home on your own or use the assistance of a real estate agent. An appraiser has no vested interest in what price the house sells for, which is different than the interest of real estate agents. The price we charge isn't a percentage of the sales price, but rather they rest on our efforts to complete the appraisal.
We analyze the difference in value items like an extra bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long houses stay on the market. So, obtaining a professional appraisal is a trusted way to determine 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 too long, costing you time and money.