Reasons to get an appraisal from Bohannon Appraisal Service

To a lot of us, an appraisal is simply another fee in the long list of items for a mortgage or refinance. Most lenders still want a local expert because the stakes are very high, even though there are a growing number of automated home valuation processes that may appear to be more practical than an appraisal. You might assume that securing a mortgage is the only reason you should get an appraisal, but there are more cases when the services of a certified, independent real estate professional might come in handy.

Let Bohannon Appraisal Service help you lower your mortgage payment

Appeal 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. When building your case, an appraisal from us is your best evidence. We can assist you in appealing 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 home, nearly all lenders ask homebuyers to buy this supplemental insurance plan. That policy is Private Mortgage Insurance, or PMI. Very often, this extra payment is folded into the monthly mortgage payment and is quickly forgotten. This is bad because PMI is no longer required when the leftover balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented 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, Bohannon Appraisal Service will provide you with a statement regarding the value of your home. The expense of the home valuation can usually be offset in just a few months because you'll no longer be paying the PMI.

Order your appraisal from Bohannon Appraisal Service today

Order online

Settle a divorce with fewer hang-ups

A divorce can be an especially traumatic experience for both parties, and it is often even more complicated by the burdensome 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 completely aware of the true market value of their property.

The parties will have a good idea of what price to set, if they need to sell the home. And 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

Losing 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 residential property 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 handle these matters, unlike wealthy individuals. 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 significant importance to ensuring disputing parties leave knowing they've gotten an honest deal.

Move to or from Sonoma County for work

Employee relocation can be a stressful event, and we understand. That's why we take great care in organizing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive features of their property, as well as information about any recent sales or listings in their area that they want considered during our detailed inspection.

Close on your home quickly — for the right price

Whether you want to sell your home on your own or use the assistance of a real estate agent, a professional appraisal can help you make a more informed decision regarding your asking price. An appraiser has no vested interest in what amount the house sells for, unlike real estate agents. Our fees rest on our efforts to complete the appraisal report and and aren't related to the sales price.

On a daily basis, we analyze the difference in value items like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long propertiesstay on the market. So, seeking a professional appraisal is a trusted 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.

Let Bohannon Appraisal Service assist you in selling your home quickly at the right price