Reasons someone would hire Spencer AppraisalsEach year, thousands of people in Washington buy, sell or refinance their home. A lot of these transactions have a simple line item for an appraisal. Almost all lenders still need a local expert because the stakes are so high, even though there are a developing number of automated home valuation systems that might appear more cost-effective than an appraisal. You might think that obtaining a mortgage is the only reason you should get an appraisal, but there are additional situations when the services of a certified, independent real estate professional might be helpful.
Dispute your tax assessment in Benton CountyIf you live in an area where property values have depreciated, it's possible you're paying too much in property taxes. When building your case, an appraisal from Spencer Appraisals is your best evidence. We're equipped to assist you in appealing your tax assessment.
Let Spencer Appraisals help you lower your mortgage paymentPrivate Mortgage Insurance, or PMI, is a supplemental insurance plan that most lenders ask buyers to purchase when the amount being loaned to the home owner is more than 80% of the actual value of the home. Very often, this extra payment is folded into the monthly mortgage payment and is promptly forgotten. This is damaging because PMI is unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - dips below the 80% level. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress that requires lenders to do away with the PMI installments on most mortgages when the balance is paid down to 78% of the original value.
Spencer Appraisals can produce a statement regarding the value of your home, and the price you paid for the appraisal can generally be offset in just a few months because you'll no longer be paying the PMI.
An appraisal from Spencer Appraisals will help you settle a divorce with less stressA divorce can be an especially traumatic experience for both parties, and it is often further complicated by the burdensome decision of who keeps the property. Regardless of the situation, it's wise to get an appraisal from Spencer Appraisals so both parties are fully aware of the true market value of their property.
The parties will have a better idea of what price to set, if they need to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.
Settling an estate with peace of mindThe loss of a loved one is a hard time in life, and settling an estate from a death, or probate, often calls for an appraisal to establish Fair Market Value for the residential property involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the highest degree of discretion.
Most Americans don't have dedicated estate planners or executors to handle these issues, unlike wealthier individuals. And since a home or other property often makes up an uneven 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.
Relocating to or from Benton County?Moving due to a job change can be a more than just an inconvenience, and we understand. That's why we take great care in organizing a convenient appointment time for the appraisal inspection. During our intensive process, we encourage employees that are moving to provide input on the positive aspects of their property, along with information about any recent sales or listings in their area that they want considered.
Sell your home quickly at the right price with an appraisal from Spencer AppraisalsWhether you want to sell your home on your own or with the help of a real estate agent, a professional appraisal will help you make a better educated decision when determining your selling price. Unlike a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees are based on our efforts to finish the appraisal report and and aren't related to the sales price.
On a daily basis, we analyze the difference in value items like an additional bathroom or a kitchen remodel can make. Getting 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 - because we're experts in knowing how long properties are one the market.