Why you should order an appraisal from Bohannon Appraisal Service

To a lot of us, an appraisal is simply one more thing on the break-sheet for a home sale or refinance. The majority of lenders still want a local expert because the stakes are incredibly high, even though there are a budding number of automated home valuation processes that may appear to be more economical than an appraisal. Is getting a mortgage the only reason you should get an appraisal? Are there also times when the services of a licensed, independent real estate professional could come in handy? Of course.

Let Bohannon Appraisal Service assist you in lowering your mortgage payment

Contest your tax assessment in Sonoma County

It's likely you're paying too much in property taxes if you live in an area where property values have depreciated. Ad Valorem taxes are based upon a past assessment of your real estate, so if values are less than what they used to be in your area, you can appeal your assessment and save money. An appraisal from Bohannon Appraisal Service is your best evidence when building your case. We can assist you in disputing your tax assessment.

Remove PMI to lower your mortgage payment

When the amount being loaned to the homeowneris more than 80% of the actual value of the real estate, many lenders ask home buyers to take out this extra insurance plan. That policy is Private Mortgage Insurance, or PMI. Most often, this additional payment is bundled into the monthly mortgage payment and is quickly forgotten. PMI is unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - goes below the 80% mark, making this very unfavorable. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to do away with the PMI installments when the loan-to-value ratio conditions have been met.

If you'd like to get rid of PMI, Bohannon Appraisal Service will produce a statement regarding the value of your home. The cost of the appraisal can often be recovered in a short amount of time because you'll no longer be paying the PMI.

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Divorce settlement with less stress

A divorce is a very traumatic experience for the parties involved, and it is often more complicated by the hard decision of who gets the house. Regardless of the situation, it's a good idea to get an appraisal from Bohannon Appraisal Service so both parties are entirely aware of the true market value of their home.

If the parties wish 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 received a fair assessment.

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 requires an appraisal to establish Fair Market Value for the real estate involved. We guarantee the fullest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).

Most Americans don't have dedicated estate planners or executors to manage these matters, unlike many wealthy individuals. A home or other property often makes up an unequal share of the total estate value, so understanding the true value of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've received a fair deal.

Relocate to or from Sonoma County for work

Employee relocation is a stressful event, and we understand. That being said, we take great care in setting up an accommodating appointment time for the appraisal inspection. During our intensive inspection, we suggest relocating employees to provide input on the positive attributes of their property, along with information about any recent sales or listings in their neighborhood that they want considered.

Sell your home promptly — at an accurate price

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

On a daily basis, we analyze the difference in value things like an additional bathroom or a kitchen remodel can make. 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 properties are one the market.

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