Why you should get an appraisal from Magee Appraisal ServiceEvery year, thousands of people in Maryland purchase, sell or refinance their home. Many of these transactions have a simple line item for an appraisal. Even though there are a developing number of automated home valuation methods that might seem less expensive than an appraisal, practically all lenders still want a local expert because the stakes are very high. Is obtaining a mortgage the only reason to acquire an appraisal? Are there other situations when the services of a certified, independent real estate professional might be helpful? You bet. 
Contest your tax assessment in Frederick CountyIf you reside in an area where property values have depreciated, it's possible you're paying too much in property taxes. An appraisal from Magee Appraisal Service is your best evidence when building your case. We can assist you in disputing your tax assessment. Get rid of PMI to lower your mortgage paymentPrivate Mortgage Insurance, or PMI, is an additional insurance plan that almost all lenders ask home buyers to buy when the amount being loaned to the home owner is more than 80% of the actual value of the real estate. Seeing that additional payment is usually folded into the monthly mortgage payment, it is often forgotten. This is damaging because PMI is unnecessary when the leftover balance 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 remove the PMI payments when the loan-to-value ratio conditions have been met. Magee Appraisal Service will produce a statement regarding the value of your home, and the expense of the home valuation can generally be recovered in just a few months because you'll no longer be paying the PMI. Order an appraisal from Magee Appraisal Service Order todayDivorce settlement with less stressA divorce can be a particularly daunting ordeal for both parties, and it is often even more complicated by the troublesome decision of who keeps the home. So both parties are entirely aware of the true market value of their property, it's a good idea to get an appraisal from Magee Appraisal Service, regardless of the circumstances. The parties will have a better idea 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 gotten a fair assessment. Ascertain an accurate and fair valuation for estate liquidationLosing a loved one is a difficult 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. Unlike many wealthy individuals, most Americans don't have dedicated estate planners or executors to manage these issues. A home or other property often makes up an unequal share of the total estate value, so understanding the true value of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've received a fair deal. Move to or from Frederick County through an employee relocation programWe understand the headaches associated with an employee relocation. That being said, we take great care in organizing an accommodating appointment time for the appraisal inspection. During our thorough inspection, we encourage relocating employees to provide remarks on the positive aspects of their property, along with information about any current sales or listings in their area that they want considered. Close on your home promptly — at the right priceWhether you decide to sell your home on your own or use the assistance of a real estate agent, a professional appraisal will help you make a better educated decision regarding your asking price. Apart from a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees aren't a percentage of the sales price, but rather they are calculated on our efforts to complete the appraisal report. We examine the difference in value items like an additional bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long homesare on the market. So, obtaining 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. 
|