Vaccari & Associates, Inc. in Marblehead do appraisals for diverse purposesThousands of people in Massachusetts purchase, sell or refinance their home every month. Many of these transactions contain a simple line item for an appraisal. Even though there are a multiplying number of automated home valuation systems that might appear to be more cost-effective than an appraisal, the majority of lenders still want a local expert because the stakes are so high. But is getting a mortgage the only reason to get an appraisal? Are there other times when the services of a certified, independent real estate professional could be helpful? Absolutely.
Let Vaccari & Associates, Inc. help you challenge your tax assessment in Essex CountyIt's quite possible you're paying too much in property taxes if you live in an area where property values have depreciated. Ad Valorem taxes are determined by a previous assessment of your home, so if values have gone down in your area, you can appeal your assessment and save money. An appraisal from Vaccari & Associates, Inc. is your best evidence when building your case. At Vaccari & Associates, Inc., we're capable of assisting you in challenging your tax assessment.
How can you do away with PMI to lower your mortgage payment?Private Mortgage Insurance, or PMI, is an added insurance policy that nearly all lenders ask home owners to purchase when the amount being loaned to the homebuyer is more than 80% of the actual value of the real estate. Seeing that added payment is usually lumped into the monthly mortgage payment, it is often forgotten. This is damaging because PMI becomes unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - falls below the 80% level. In fact, the United States Congress passed 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 do away with PMI, Vaccari & Associates, Inc. will provide you with a statement regarding the value of your home. The cost of the home valuation can generally be offset in a short amount of time because you'll no longer be paying the PMI.
An appraisal from Vaccari & Associates, Inc. will help you settle a divorce with less stressA divorce is often complicated by the challenging decision of who maintains the house, and it can be an especially heartbreaking occurrence for both parties. Regardless of the situation, it's prudent to order an appraisal from Vaccari & Associates, Inc. so both parties are fully aware of the true market value of their house.
The parties will have a clearer picture of what price to set, if they want to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.
Fair and accurate estate liquidation with Vaccari & Associates, Inc.Settling an estateLosing a loved one is a hard time in life, and settling an estate from a death, or probate, often entails 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 fullest degree of discretion.
Most Americans do not have dedicated estate planners or executors to take care of these issues, unlike wealthy individuals. A home or other property often makes up a disproportionate 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 walk away knowing they've gotten an honest deal.
Relocating to or from Essex County?We are aware of the stress associated with an employee relocation. That being said, we take great care in establishing an accommodating appointment time for the appraisal inspection. During our thorough process, we recommend employees that are moving to provide input on the positive characteristics of their property, as well as information about any new sales or listings in their area that they want considered.
Don't sell out short or keep your home on the market too long.A professional appraisal will help you make a more informed decision when determining your selling price, whether you choose 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, unlike real estate agents. Our fees depend on our efforts to perform the appraisal report and not a percentage of the sales price.
On a daily basis, we analyze the difference in value items like an additional bathroom or a kitchen remodel can make. Obtaining a professional appraisal is a reliable way to decide 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 houses are one the market.