Reasons to order an appraisal from McIsaac AppraisalsTo a lot of us, an appraisal just looks like another fee in the long list of items for a mortgage or refinance. Nearly all lenders still call for a local expert because the stakes are very high, even though there are a budding number of automated home valuation processes that may appear 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 certified, independent real estate professional could be helpful? Of course.
Let McIsaac Appraisals help you challenge your tax assessment in Beaverhead CountyIf you reside in an area where the value of property has depreciated, it's possible you're paying too much in property taxes. When building your case, an appraisal from McIsaac Appraisals is your best evidence. We're equipped to assist you in appealing your tax assessment.
Let McIsaac Appraisals assist you in lowering your mortgage paymentWhen the amount being loaned to the home buyer is more than 80% of the actual value of the property, almost all lenders ask homebuyers to buy an supplemental insurance plan. That policy is Private Mortgage Insurance, or PMI. Since the extra payment is usually lumped into the monthly mortgage payment, it is often forgotten. PMI becomes unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - dips below the 80% level, making this very unfortunate. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to eliminate the PMI installments when the loan-to-value ratio conditions have been met.
McIsaac Appraisals will give you a statement regarding the value of your home, and the cost of the appraisal can generally be recovered in a short amount of time because you'll no longer be paying the PMI.
Settling a divorce with less stressA divorce can be a very daunting experience for both parties, and it is often further complicated by the challenging decision of who gets the house. Regardless of the situation, it's a good idea to get an appraisal from McIsaac Appraisals so both parties are completely aware of the true market value of their house.
If the parties wish to sell the home, they'll have a a good idea of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation.
Trustworthy 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, ensuring the maximum degree of discretion.
Unlike wealthy individuals, most Americans do not have dedicated estate planners or executors to manage these issues. A home or other property often makes up an uneven share of the total estate value, so knowing the true value of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've received a fair deal.
McIsaac Appraisals can assist you in relocating to or from Beaverhead CountyWe are familiar with the stress involved with an employee relocation. We take great care in setting up an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive aspects of their property, as well as information regarding any recent sales or listings in their area that they want considered during our thorough process.
Selling your home quickly at the right priceWhether you want to sell your home on your own or with the help of a real estate agent, a professional appraisal can help you make a more informed decision when determining your selling price. Unlike a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees are calculated on our efforts to complete the appraisal report and not a percentage of the sales price.
We determine the difference in value things 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 a suitable 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.