6 Reasons you should order an appraisal from Theresa G. Dunleavy & AssociatesThousands of people in Virginia purchase, sell or refinance their home every month. A lot of these transactions involve a simple line item for an appraisal. Most lenders still call in 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 cheaper than an appraisal. You might think that getting a mortgage is the only reason you should get an appraisal, but there are more times when the services of a licensed, independent real estate professional might come in handy. 
Challenge your tax assessmentIt's quite possible you're paying too much in property taxes if you live in an area where property values have depreciated. Property taxes are based upon a previous assessment of your house, so if values have gone down in your area, you can appeal your assessment and save money. An appraisal from Theresa G. Dunleavy & Associates is your best evidence when building your case. At Theresa G. Dunleavy & Associates, we're equipped to assist you in challenging your tax assessment. Removing PMI for mortgage paymentsWhen the amount being loaned to the home buyeris more than 80% of the actual value of the property, nearly all lenders ask home owners to take out this added insurance plan. That policy is Private Mortgage Insurance, or PMI. This added payment is often bundled into the monthly mortgage payment and is promptly forgotten. This is unfavorable because PMI becomes unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - goes below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress that requires lenders to remove the PMI payments when the loan-to-value ratio conditions have been met. If you'd like to eliminate PMI, Theresa G. Dunleavy & Associates will produce a statement regarding the value of your home. The cost of the home valuation can usually be regained in little time because you'll no longer be paying the PMI. Get your appraisal from Theresa G. Dunleavy & Associates Order onlineGet a fair valuation on a home take make a divorce settlement less stressfulA divorce is often complicated by the troublesome decision of who keeps the home, and it can be an especially horrible occurrence for both parties. Regardless of the situation, it's a good idea to get an appraisal from Theresa G. Dunleavy & Associates so both parties are fully aware of the true market value of their house. If the parties wish to sell the home, they'll have a a good idea of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment. Accurate and fair estate liquidationThe loss of a loved one is a difficult time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Fair Market Value for the real estate involved. We ensure the highest 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 take care of these issues, unlike wealthier individuals. A home or other property often makes up a disproportionate share of the total estate value, so knowing the true value of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've gotten a fair deal. Relocate to or from Norfolk City County for workWe know the stress associated with an employee relocation. We take great care in setting up a convenient appointment time for the appraisal inspection. During our thorough inspection, we encourage relocating employees to provide feedback on the positive attributes of their property, as well as information regarding any recent sales or listings in their neighborhood that they want considered. Close on your home quickly — at an accurate priceWhether you decide to sell your home on your own or with the help of a real estate agent, a professional appraisal can help you make a more informed decision regarding your asking price. Apart from a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees aren't a percentage of the sales price, but rather they depend on our efforts to finish the appraisal report. On a daily basis, we examine the difference in value things like an extra bathroom or a kitchen remodel can make. Getting a professional appraisal is a reliable way to determine what improvements will add value and what an applicable 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. 
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