6 Reasons you should order an appraisal from Theresa G. Dunleavy & Associates

To many, an appraisal is simply one more thing in the long list of items for a mortgage or refinance. Nearly all lenders still call for a local expert because the stakes are so high, even though there are a multiplying number of automated home valuation methods that might appear less expensive than an appraisal. Is getting a mortgage the only reason you should get an appraisal? Are there additional cases when the services of a certified, independent real estate professional might come in handy? Of course.

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

Contest your tax assessment

If you reside in an area where the property value has declined, it's possible you're paying too much in property taxes. An appraisal from Theresa G. Dunleavy & Associates is your best evidence when building your case. We can assist you in challenging your tax assessment.

Remove PMI to lower your mortgage payment

Private Mortgage Insurance, or PMI, is an added insurance plan that nearly all lenders ask home owners to buy when the amount being loaned to the homeowner is more than 80% of the actual value of the property. Since the additional payment is usually lumped into the monthly mortgage payment, it is often forgotten. This is unfavorable because PMI becomes unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - dips below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress that requires lenders to do away with the PMI payments when the loan-to-value ratio conditions have been met.

Theresa G. Dunleavy & Associates will produce a statement regarding the value of your home, and the expense of the home valuation can often be recovered in a short amount of time because you'll no longer be paying the PMI.

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Get a fair valuation on a home take make a divorce settlement less stressful

A divorce can be a particularly traumatic event for both parties, and it is often further complicated by the hard decision of who maintains the house. Regardless of the situation, it's a good idea to get an appraisal from Theresa G. Dunleavy & Associates so both parties are completely aware of the true market value of their house.

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 gotten a fair evaluation.

Determine a fair and accurate valuation for estate liquidation

The loss 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. 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).

Unlike wealthier individuals, most Americans do not have dedicated estate planners or executors to handle these matters. A home or other property often makes up an uneven 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 walk away knowing they've received an honest deal.

Move to or from Norfolk City County for work

Employee relocation can be a stressful event, and we understand. That being said, we take great care in setting up an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive features of their property, along with information regarding any current sales or listings in their neighborhood that they want considered during our thorough inspection.

Sell your home quickly — for an accurate price

A professional appraisal will help you make a more informed decision when determining your selling price, whether you want 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 based on our efforts to finish the appraisal report and not a percentage of the sales price.

We analyze the difference in value things like an extra bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long homesstay on the market. So, 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.

Let Theresa G. Dunleavy & Associates help you sell your home quickly at the right price