6 Reasons you should order an appraisal from REVARI (Real Estate Valuation and Research Inc.)

To many, an appraisal is simply one more thing on the break-sheet for a home purchase or refinance. Almost all lenders still call for a local expert because the stakes are so high, even though there are an increasing number of automated home valuation processes that may appear to be more practical than an appraisal. Is securing a mortgage the only reason you should get an appraisal? Are there also cases when the services of a licensed, independent real estate professional might come in handy? You bet there are.

Let REVARI  (Real Estate Valuation and Research Inc.) assist you in lowering your mortgage payment

Challenge your tax assessment in Sullivan County

It's possible you're paying too much in property taxes if you live in an area where property values have declined. Ad Valorem taxes are determined by a previous assessment of your real estate, so if values are less than what they used to be in your area, you can challenge your assessment and save money. An appraisal from REVARI (Real Estate Valuation and Research Inc.) is your best evidence when building your case. At REVARI (Real Estate Valuation and Research Inc.), we're qualified to assist you in appealing your tax assessment.

PMI removal to reduce a mortgage payment

Private Mortgage Insurance, or PMI, is an added insurance policy that most lenders ask homebuyers to purchase when the amount being loaned to the home buyer is more than 80% of the actual value of the home. This extra payment is often bundled into the monthly mortgage payment and is promptly forgotten. PMI isn't necessary when the remainder of the loan - whether through market appreciation or principal pay down - dips below the 80% mark, making this very unfortunate. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to remove the PMI installments when the loan-to-value ratio conditions have been met.

If you'd like to get rid of PMI, REVARI (Real Estate Valuation and Research Inc.) will produce a statement regarding the value of your home. The expense of the home valuation can often be offset in little time because you'll no longer be paying the PMI.

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Divorce settlement with less stress

A divorce can be a particularly horrible experience for both parties, and it is often more complicated by the difficult decision of who gets the house. Regardless of the situation, it's a good idea to order an appraisal from REVARI (Real Estate Valuation and Research Inc.) so both parties are completely aware of the true market value of their home.

If the parties need to sell the home, they'll have a better idea of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.

Fair and accurate estate liquidation

The 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 real estate involved. We ensure the maximum degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).

Unlike many wealthy individuals, most Americans don't have dedicated estate planners or executors to handle these issues. And seeing that a home or other property often makes up a disproportionate share of the total estate value, knowing the true value of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've gotten a fair deal.

Move to or from Sullivan County through an employee relocation program

We understand the stress involved with an employee relocation. That's why we take great care in organizing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive characteristics of their property, along with information about any recent sales or listings in their area that they want considered during our thorough inspection.

Sell your home promptly — for the right price

Whether you choose to sell your home on your own or with the help of a real estate agent, a professional appraisal will help you make a more informed decision regarding your asking price. An appraiser has no vested interest in what amount the house sells for, unlike real estate agents. Our fees aren't a percentage of the sales price, but rather they are calculated on our efforts to complete the appraisal report.

We analyze the difference in value items like an extra bathroom or a kitchen remodel can make on a daily basis. Obtaining a professional appraisal is a trusted 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 properties are one the market.

Let REVARI  (Real Estate Valuation and Research Inc.) help you sell your home quickly at the right price