Reasons someone would need Brad DoerleTo a lot of us, an appraisal is simply one more thing on the settlement sheet for a home sale or refinance. Practically all lenders still call for a local expert because the stakes are incredibly high, even though there are a growing number of automated home valuation processes that might seem more cost-effective than an appraisal. But is securing a mortgage the only reason you should get an appraisal? Are there more situations when the services of a licensed, independent real estate professional could be helpful? Of course.
PMI removal will lower your mortgage paymentWhen the amount being loaned to the homebuyer is more than 80% of the actual value of the real estate, most lenders ask homeowners to purchase an supplemental insurance policy. That policy is Private Mortgage Insurance, or PMI. Seeing that additional payment is usually bundled into the monthly mortgage payment, it is often forgotten. This is unfavorable 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 implemented a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to remove the PMI payments when the loan-to-value ratio conditions have been met.
If you'd like to get rid of PMI, Brad Doerle can provide you with a statement regarding the value of your home. The price you paid for the home valuation can generally be recovered in little time because you'll no longer be paying the PMI.
Settling a divorce with less stress with an appraisal from Brad DoerleA divorce can be a very traumatic ordeal for both parties, and it is often further complicated by the strenuous decision of who keeps the home. Regardless of the situation, it's a good idea to order an appraisal from Brad Doerle so both parties are entirely aware of the true market value of their house.
If the parties want to sell the home, they'll have a clearer picture of what price to set. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.
Accurate and fair 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 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.
Unlike wealthy individuals, most Americans don't have dedicated estate planners or executors to handle these affairs. 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 walk away knowing they've gotten an honest deal.
Let Brad Doerle help you with relocating to or from Berkshire CountyWe know the stress involved with an employee relocation. We take great care in establishing a convenient appointment time for the appraisal inspection. During our intensive process, we encourage relocating employees to provide remarks on the positive characteristics of their property, as well as information about any current sales or listings in their neighborhood that they want considered.
Selling your home quickly at the right price with an appraisal from Brad DoerleA professional appraisal will help you make a better educated decision regarding your asking price, whether you decide to sell your home on your own or use the assistance 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 depend on our efforts to complete the appraisal.
We determine 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 houses stay on the market. So, getting a professional appraisal is a trusted 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 too long, costing you time and money.