6 Reasons to choose an appraisal from Spencer Appraisal Services, Inc.Thousands of people in Pennsylvania purchase, sell or refinance their home each year. A lot of these transactions include a simple line item for an appraisal. And while there are a growing number of automated home valuation processes that may appear to be more economical than an appraisal, the majority of lenders still call in a local expert because the stakes are incredibly high. You might think that obtaining a mortgage is the only basis for getting an appraisal, but there are more instances when the services of a licensed, independent real estate professional could be beneficial. 
Contest your tax assessment in Montgomery CountyIf you are in an area where the property value has declined, it's possible you're paying too much in property taxes. An appraisal from Spencer Appraisal Services, Inc. is your best evidence when building your case. We're qualified to assist you in challenging your tax assessment. PMI removal to lower a mortgage paymentPrivate Mortgage Insurance, or PMI, is a supplemental insurance policy that almost all lenders ask homeowners to buy when the amount being loaned to the homeowner is more than 80% of the actual value of the real estate. This additional payment is often folded into the monthly mortgage payment and is promptly forgotten. This is unfavorable because PMI isn't required when the remaining balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to dismiss the PMI installments when the loan-to-value ratio conditions have been met. Spencer Appraisal Services, Inc. will give you a statement regarding the value of your home, and the price you paid for the home valuation can often be recovered in little time because you'll no longer be paying the PMI. Get your appraisal from Spencer Appraisal Services, Inc. Order todayGet a fair valuation on a home take make a divorce settlement less stressfulA divorce can be an especially daunting event for both parties, and it is often further complicated by the difficult decision of who maintains the home. So both parties are completely aware of the true market value of their property, it's a good idea to get an appraisal from Spencer Appraisal Services, Inc., regardless of the situation. If the parties want to sell the home, they'll have a a good idea of what price to set. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've gotten a fair assessment. Determine an accurate and fair valuation for estate liquidationLosing a loved one is a hard time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Fair Market Value for the real estate involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the utmost degree of discretion. Most Americans don't have dedicated estate planners or executors to take care of these affairs, unlike many wealthy individuals. And since a home or other property often makes up an unequal share of the total estate value, knowing the true value of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've received an honest deal. Relocate to or from Montgomery County through an employee relocation programWe understand 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 inspection, we encourage relocating employees to provide feedback on the positive characteristics of their property, along with information about any recent sales or listings in their neighborhood that they want considered. Close on your home quickly — at an accurate priceWhether 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. Apart from a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees aren't a percentage of the sales price, but rather they are based on our efforts to complete the appraisal report. On a daily basis, we determine the difference in value things like an additional bathroom or a kitchen remodel can make. And we're experts in knowing how long propertiesare on the market. So, seeking a professional appraisal is a reliable way to determine what improvements will add value and what an appropriate sales price is for your home so you don't come up short or have your house on the market an unnecessarily long time. 
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