Ordering an appraisal from Parham Real Estate ServicesThousands of people in Maryland buy, sell or refinance their home every year. Many of these transactions involve a simple line item for an appraisal. Even though there are an increasing number of automated home valuation systems that might appear to be more cost-effective than an appraisal, nearly all lenders still need a local expert because the stakes are very high. But is getting a mortgage the only reason to get an appraisal? Are there additional situations when the services of a licensed, independent real estate professional could be beneficial? Of course there are.
Let Parham Real Estate Services help you challenge your tax assessment in Carroll CountyIf you live in an area where the value of property has depreciated, it's possible you're paying too much in property taxes. When building your case, an appraisal from Parham Real Estate Services is your best evidence. At Parham Real Estate Services, we're capable of assisting you in challenging your tax assessment.
PMI removal to lower your mortgage paymentWhen the amount being loaned to the buyer is more than 80% of the actual value of the property, most lenders ask homebuyers to buy an added insurance plan. That policy is Private Mortgage Insurance, or PMI. Since the added payment is usually bundled into the monthly mortgage payment, it is often forgotten. PMI isn't required when the leftover balance of the loan - whether through market appreciation or principal pay down - dips below the 80% mark, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress that requires lenders to eliminate the PMI installments when the balance is paid down to 78% of the original value.
Parham Real Estate Services can produce a statement regarding the value of your home, and the expense of the appraisal can often be regained in little time because you'll no longer be paying the PMI.
Settling a divorce with less stressA divorce can be an especially traumatic event for both parties, and it is often even more complicated by the strenuous decision of who maintains the home. So both parties are completely aware of the true market value of their home, it's a good idea to get an appraisal from Parham Real Estate Services, regardless of the circumstances.
If the parties want to sell the home, they'll have a clearer picture of what price to set. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.
Settling an estate with peace of mindLosing a loved one is a painful time in life, and settling an estate from a death, or probate, often requires an appraisal to establish 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).
Unlike wealthy individuals, most Americans do not have dedicated estate planners or executors to manage these issues. A home or other property often makes up an unequal share of the total estate value, so knowing the true value of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've gotten a fair deal.
Let Parham Real Estate Services help you with relocating to or from Carroll CountyWe know the headaches involved with an employee relocation. That being said, we take great care in setting up a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive characteristics of their property, along with information regarding any current sales or listings in their neighborhood that they want considered during our thorough process.
Sell your home quickly at the right price with an appraisal from Parham Real Estate ServicesWhether you want 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 regarding your selling price. Separate from a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees depend on our efforts to perform the appraisal report and not a percentage of the sales price.
On a daily basis, we examine the difference in value things like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long properties stay on the market. So, seeking a professional appraisal is a trusted 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 for an extended amount of time.