Reasons to order an appraisal from ADK Appraisal LLCThousands of people in Colorado purchase, sell or refinance their home every year. A lot of these transactions consist of a simple line item for an appraisal. While there are a growing number of automated home valuation methods that might appear cheaper than an appraisal, the majority of lenders still need a local expert because the stakes are incredibly high. You might believe that getting a mortgage is the only basis for getting an appraisal, but there are more cases when the services of a certified, independent real estate professional could come in handy.
Challenge your tax assessment in Douglas 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 based upon a previous assessment of your home, 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 ADK Appraisal LLC is your best evidence when building your case. At ADK Appraisal LLC, we're equipped to assist you in disputing your tax assessment.
Getting rid of your PMI will lower your mortgage paymentWhen the amount being loaned to the home owner is more than 80% of the actual value of the property, most lenders ask home owners to buy an extra insurance plan. That policy is Private Mortgage Insurance, or PMI. Very often, this additional payment is bundled into the monthly mortgage payment and is quickly forgotten. PMI is no longer required when the remainder of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark, making this very unfortunate. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to do away with the PMI installments when the loan-to-value ratio conditions have been met.
If you'd like to do away with PMI, ADK Appraisal LLC can give you a statement regarding the value of your home. The cost of the appraisal can generally be regained in little time because you'll no longer be paying the PMI.
An appraisal from ADK Appraisal LLC will help you settle a divorce with less stressA divorce is a very daunting ordeal for the parties involved, and it is often more complicated by the challenging decision of who keeps the house. So both parties are entirely aware of the true market value of their property, it's a good idea to get an appraisal from ADK Appraisal LLC, regardless of the situation.
The parties will have a clearer picture of what price to set, if they want to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.
Fair and accurate estate liquidationThe loss of a loved one is a painful 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. We guarantee the utmost degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Unlike wealthier individuals, most Americans don't have dedicated estate planners or executors to take care of these matters. And seeing that a home or other property often makes up an uneven share of the total estate value, understanding the absolute value of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've gotten an honest deal.
Let ADK Appraisal LLC assist you in relocating to or from Douglas CountyWe understand the headaches associated with an employee relocation. That being said, we take great care in setting up an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive features of their property, along with information regarding any recent sales or listings in their neighborhood that they want considered during our thorough process.
Don't sell out short or keep your home on the market too long.A professional appraisal can help you make a better educated 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. Unlike a real estate agent, an appraiser has no vested interest in what amount the house sells for. The price we charge isn't contingent upon the value opinion we render, but rather they rest on our efforts to complete the appraisal.
On a daily basis, we determine the difference in value items like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long homes stay on the market. So, obtaining a professional appraisal is a reliable way to decide 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.