Why you should order an appraisal

To a lot of people, an appraisal just looks like one more thing in the long list of items for a mortgage or refinance. And even though there are an increasing number of automated home valuation processes that may seem more prudent than an appraisal, the majority of lenders still call in a local expert because the stakes are incredibly high. Is obtaining a mortgage the only basis for getting an appraisal? Are there additional situations when the services of a licensed, independent real estate professional might be helpful? Of course.

Let Bohannon Appraisal Service assist you in lowering your mortgage payment

Appeal your tax assessment

If you live in an area where the value of property has 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 Bohannon Appraisal Service, we're capable of assisting you in appealing your tax assessment.

PMI removal to reduce a mortgage payment

When the amount being loaned to the buyeris more than 80% of the actual value of the property, nearly all lenders ask home owners to take out this extra insurance plan. That policy is Private Mortgage Insurance, or PMI. Since the additional payment is usually folded into the monthly mortgage payment, it is often forgotten. This is damaging because PMI is no longer required when the leftover balance of the loan - whether through market appreciation or principal pay down - falls below the 80% mark. In fact, the United States Congress invoked 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, Bohannon Appraisal Service can provide you with a statement regarding the value of your home. The price you paid for the home valuation can often be offset in little time because you'll no longer be paying the PMI.

Order your appraisal from Bohannon Appraisal Service today

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Settle a divorce with less stress

A divorce is often complicated by the troublesome decision of who keeps the property, and it can be a very horrible experience for both parties. Regardless of the circumstances, it's a good idea to order an appraisal from Bohannon Appraisal Service so both parties are entirely 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 assessment.

Accurate and fair estate liquidation

The loss of a loved one is a difficult time in life, and settling an estate from a death, or probate, often requires an appraisal to establish Fair 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 utmost degree of discretion.

Most Americans do not have dedicated estate planners or executors to manage these issues, unlike wealthier individuals. And seeing that a home or other property often makes up a disproportionate share of the total estate value, understanding the true worth of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've received an honest deal.

Relocate to or from Sonoma County through an employee relocation program

We understand the headaches associated with an employee relocation. We take great care in establishing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive aspects of their property, as well as information regarding any new sales or listings in their area that they want considered during our detailed inspection.

Sell your home promptly — for the right price

Whether you choose to sell your home on your own or use the assistance of a real estate agent, a professional appraisal can help you make a better educated decision regarding your asking price. An appraiser has no vested interest in what price the house sells for, apart from real estate agents. Our fees aren't related to the sales price, but rather they rest on our efforts to complete the appraisal report.

We analyze 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 housesare on the market. So, getting 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.

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