Let Theresa G. Dunleavy & Associates serve your appraisal needs

To a lot of us, an appraisal is simply a line item on the break-sheet for a home purchase or refinance. And even though there are a developing number of automated home valuation systems that might appear to be more economical than an appraisal, the majority of lenders still need a local expert because the stakes are so high. You might assume that securing a mortgage is the only reason you should get an appraisal, but there are other cases when the services of a certified, independent real estate professional could be beneficial.

Let Theresa G. Dunleavy & Associates assist you in lowering your mortgage payment

Contest your tax assessment

It's quite possible you're paying too much in property taxes if you reside in an area where property values have declined. Property taxes are based upon a previous assessment of your house, so if prices have declined in your area, you can challenge your assessment and save money. An appraisal from Theresa G. Dunleavy & Associates is your best evidence when building your case. We're qualified to assist you in challenging your tax assessment.

Removing PMI for mortgage payments

Private Mortgage Insurance, or PMI, is an additional insurance plan that many lenders ask homeowners to buy when the amount being loaned to the buyer is more than 80% of the actual value of the property. Very often, this additional payment is bundled into the monthly mortgage payment and is quickly forgotten. This is damaging because PMI isn't required when the remaining balance of the loan - whether through market appreciation or principal pay down - dips 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 payments when the loan-to-value ratio conditions have been met.

If you'd like to do away with PMI, Theresa G. Dunleavy & Associates can provide you with a statement regarding the value of your home. The price you paid for the appraisal can generally be regained in a short amount of time because you'll no longer be paying the PMI.

Get your appraisal from Theresa G. Dunleavy & Associates

Order today

Get a fair valuation on a home for divorce settlements

A divorce is an especially daunting event for the parties involved, and it is often more complicated by the hard decision of who maintains the house. So both parties are fully aware of the true market value of their house, it's a good idea to get an appraisal from Theresa G. Dunleavy & Associates, regardless of the situation.

The parties will have a good 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 evaluation.

Fair and accurate estate liquidation

The death of 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 Fair Market Value for the residential property involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the highest degree of discretion.

Most Americans do not have dedicated estate planners or executors to handle these matters, unlike wealthy individuals. A home or other property often makes up a disproportionate share of the total estate value, so understanding the true worth of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've gotten an honest deal.

Relocate to or from Norfolk City County through an employee relocation program

Employee relocation is a stressful event, and we understand. That being said, we take great care in setting up a convenient appointment time for the appraisal inspection. During our thorough inspection, we recommend relocating employees to provide feedback on the positive features of their property, along with information regarding any new sales or listings in their neighborhood that they want considered.

Close on your home quickly — at an accurate price

A professional appraisal can help you make a more informed decision regarding your asking price, whether you want 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 price the house sells for. Our fees aren't related to the sales price, but rather they are calculated on our efforts to complete the appraisal report.

On a daily basis, we analyze the difference in value items like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long housesstay on the market. So, obtaining 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 an unnecessarily long time.

Let Theresa G. Dunleavy & Associates assist you in selling your home quickly at the right price