Reasons to choose an appraisal from Spencer Appraisal Services, Inc.Every year, thousands of people in Pennsylvania purchase, sell or refinance their home. Many of these transactions consist of a simple line item for an appraisal. Even though there are a growing number of automated home valuation methods that may appear cheaper than an appraisal, almost all lenders still want a local expert because the stakes are very high. You might assume that securing a mortgage is the only reason you should get an appraisal, but there are more situations when the services of a certified, independent real estate professional could come in handy. 
Dispute your tax assessmentIf you live in an area where the value of property 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're equipped to assist you in disputing your tax assessment. Eliminating PMI for mortgage paymentsWhen the amount being loaned to the homebuyeris more than 80% of the actual value of the real estate, nearly all lenders ask home owners to take out this added insurance plan. That policy is Private Mortgage Insurance, or PMI. Seeing that extra payment is usually bundled into the monthly mortgage payment, it is often forgotten. This is bad because PMI becomes unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - dips below the 80% mark. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to remove the PMI payments when the loan-to-value ratio conditions have been met. If you'd like to get rid of PMI, Spencer Appraisal Services, Inc. will give you a statement regarding the value of your home. The expense of the home valuation can generally be recovered in little time because you'll no longer be paying the PMI. Get your appraisal from Spencer Appraisal Services, Inc. Order onlineSettle a divorce with less stressA divorce is often complicated by the burdensome decision of who keeps the home, and it can be an especially daunting occurrence for both parties. Regardless of the circumstances, it's a good idea to get an appraisal from Spencer Appraisal Services, Inc. so both parties are fully aware of the true market value of their home. 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 evaluation. Accurate and fair estate liquidationThe death of a loved one is a painful time in life, and settling an estate from a death, or probate, often calls for an appraisal to establish Fair Market Value for the real estate 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). Unlike wealthier individuals, most Americans do not have dedicated estate planners or executors to manage these matters. And since a home or other property often makes up an unequal share of the total estate value, knowing the true worth of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've gotten an honest deal. Move to or from Montgomery County for workEmployee relocation can be a stressful event, and we understand. That being said, we take great care in organizing a convenient appointment time for the appraisal inspection. During our detailed inspection, we suggest relocating employees to provide input on the positive characteristics of their property, as well as information about any current sales or listings in their neighborhood that they want considered. Sell your home promptly — for an accurate priceA professional appraisal will help you make a more informed decision when determining your selling price, whether you want 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 finish the appraisal report and not a percentage of the sales price. On a daily basis, we analyze the difference in value things like an extra 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 stay on the market. 
|