Let REVARI (Real Estate Valuation and Research Inc.) handle your appraisal needs
To many, an appraisal just looks like a line item on the settlement sheet for a home sale or refinance. And while there are a multiplying number of automated home valuation systems that may seem more prudent than an appraisal, nearly all lenders still call for a local expert because the stakes are incredibly high. Is getting a mortgage the only reason to acquire an appraisal? Are there additional times when the services of a licensed, independent real estate professional might be beneficial? Of course there are.
Challenge your tax assessment
If you are in an area where property values have declined, it's possible you're paying too much in property taxes. When building your case, an appraisal from us is your best evidence. At REVARI (Real Estate Valuation and Research Inc.), we're capable of assisting you in disputing your tax assessment.
PMI removal to lower your mortgage payment
Private Mortgage Insurance, or PMI, is an extra insurance plan that nearly all lenders ask home buyers to purchase when the amount being loaned to the home buyer is more than 80% of the actual value of the real estate. This extra payment is often lumped into the monthly mortgage payment and is quickly forgotten. This is unfavorable because PMI is no longer required when the remaining balance of the loan - whether through market appreciation or principal pay down - dips below the 80% level. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress that requires lenders to dismiss 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 provide you with a statement regarding the value of your home. The price you paid for the home valuation can usually be offset in just a few months because you'll no longer be paying the PMI.
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Divorce settlement with fewer hang-ups
A divorce can be a very daunting experience for both parties, and it is often even more complicated by the strenuous decision of who keeps the property. Regardless of the circumstances, it's a good idea to get an appraisal from REVARI (Real Estate Valuation and Research Inc.) so both parties are completely aware of the true market value of their house.
The parties will have a clearer picture of what price to set, if they want 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.
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 requires an appraisal to establish Fair Market Value for the real estate involved. We ensure the highest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Most Americans do not have dedicated estate planners or executors to manage these matters, unlike wealthier individuals. A home or other property often makes up a disproportionate share of the total estate value, so understanding the true worth of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've gotten a fair deal.
Move to or from Sullivan County for work
We are familiar with the headaches involved with an employee relocation. That being said, we take great care in setting up a convenient appointment time for the appraisal inspection. During our detailed inspection, we recommend relocating employees to provide input on the positive features of their property, as well as information about any current sales or listings in their neighborhood that they want considered.
Sell your home quickly — at the right price
A professional appraisal will help you make a more informed decision regarding your asking price, whether you choose to sell your home on your own or use the assistance of a real estate agent. An appraiser has no vested interest in what price the house sells for, unlike real estate agents. Our fees aren't related to the sales price, but rather they are based on our efforts to finish 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 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, because we're experts in knowing how long houses are one the market.