Reasons to consider an appraisal from Magee Appraisal ServiceYear after year, thousands of people in Maryland buy, sell or refinance their home. Many of these transactions contain a simple line item for an appraisal. And even though there are a multiplying number of automated home valuation processes that may appear to be more cost-effective than an appraisal, most lenders still need a local expert because the stakes are very high. Is obtaining a mortgage the only reason you should get an appraisal? Are there more instances when the services of a certified, independent real estate professional might be beneficial? You bet there are. 
Dispute your tax assessment in Frederick CountyIt's quite possible you're paying too much in property taxes if you live in an area where property values have declined. Property taxes are determined by a previous assessment of your home, so if prices have declined in your area, you can appeal your assessment and save money. An appraisal from Magee Appraisal Service is your best evidence when building your case. At Magee Appraisal Service, we're capable of assisting you in disputing your tax assessment. Removing PMI for mortgage paymentsPrivate Mortgage Insurance, or PMI, is an additional insurance plan that almost all lenders ask buyers to purchase when the amount being loaned to the homeowner is more than 80% of the actual value of the property. Most often, this extra payment is folded into the monthly mortgage payment and is soon forgotten. PMI is unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - goes below the 80% mark, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was invoked by the United States Congress requiring lenders to eliminate the PMI installments when the loan-to-value ratio conditions have been met. If you'd like to do away with PMI, Magee Appraisal Service can give you a statement regarding the value of your home. The price you paid for the home valuation can generally be regained in a short amount of time because you'll no longer be paying the PMI. Order an appraisal from Magee Appraisal Service Order todayGet a clear valuation on a home for divorce settlementsA divorce is often complicated by the burdensome decision of who maintains the house, and it can be an especially horrible experience for both parties. It's a good idea to get an appraisal from Magee Appraisal Service so both parties are completely aware of the true market value of their house, regardless of the circumstances. If the parties wish to sell the home, they'll have a a good idea of what price to set. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation. Determine an accurate and fair valuation for estate liquidationThe death of a loved one is a painful time in life, and settling an estate from a death, or probate, often requires 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 fullest degree of discretion. Most Americans don't have dedicated estate planners or executors to take care of these issues, unlike wealthy individuals. A home or other property often makes up an unequal share of the total estate value, so knowing the true worth of the real estate at hand is of significant importance to ensuring disputing parties leave knowing they've received a fair deal. Relocate to or from Frederick County for workWe are aware of the stress involved with an employee relocation. That's why we take great care in setting up a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive features of their property, along with information about any recent sales or listings in their neighborhood that they want considered during our thorough inspection. Close on your home quickly — for the right priceA professional appraisal can help you make a better educated decision when determining your asking price, whether you decide to sell your home on your own or with the help of a real estate agent. An appraiser has no vested interest in what price the house sells for, unlike real estate agents. Our fees rest on our efforts to complete the appraisal report and not a percentage of the sales price. We examine 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 homesstay on the market. So, getting a professional appraisal is a reliable 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. 
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