Reasons to hire an appraiser

To many, an appraisal is simply another fee on the break-sheet for a mortgage or refinance. Even though there are a growing number of automated home valuation systems that may appear to be less expensive than an appraisal, the majority of lenders still need a local expert because the stakes are incredibly high. Is getting a mortgage the only reason to get an appraisal? Are there other situations when the services of a certified, independent real estate professional might be helpful? Of course.

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Challenge your tax assessment

If you reside in an area where the property value has declined, it's possible you're paying too much in property taxes. An appraisal from Cape Appraisal is your best evidence when building your case. We can assist you in appealing your tax assessment.

Eliminating PMI for mortgage payments

When the amount being loaned to the home owneris more than 80% of the actual value of the home, almost all lenders ask home owners to take out this extra insurance plan. That policy is Private Mortgage Insurance, or PMI. 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 - 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 that requires lenders to eliminate the PMI payments when the loan-to-value ratio conditions have been met.

If you'd like to do away with PMI, Cape Appraisal can produce a statement regarding the value of your home. The cost of the home valuation can generally be regained in just a few months because you'll no longer be paying the PMI.

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Divorce settlement with less stress

A divorce can be an especially horrible ordeal for both parties, and it is often further complicated by the difficult decision of who maintains the home. So both parties are fully aware of the true market value of their home, it's a good idea to order an appraisal from Cape Appraisal , regardless of the circumstances.

If the parties need 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.

Ascertain a fair and accurate valuation for estate liquidation

The death of a loved one is a hard time in life, and settling an estate from a death, or probate, often calls for an appraisal to establish Fair Market Value for the real estate involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the highest degree of discretion.

Most Americans don't have dedicated estate planners or executors to manage these issues, unlike wealthier individuals. A home or other property often makes up an unequal 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 leave knowing they've gotten an honest deal.

Move to or from Cape May County through an employee relocation program

We are familiar with the headaches associated with an employee relocation. That's why we take great care in establishing a convenient appointment time for the appraisal inspection. During our thorough inspection, we recommend relocating employees to provide input on the positive features of their property, along with information regarding any current sales or listings in their area that they want considered.

Sell your home quickly — for the right price

A professional appraisal will help you make a better educated decision when determining your selling 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 amount the house sells for, apart from real estate agents. Our fees are based on our efforts to finish the appraisal report and and aren't related to the sales price.

We analyze the difference in value things like an additional bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long propertiesare on the market. So, seeking 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.

Let Cape Appraisal  help you sell your home quickly at the right price