Reasons to get an appraisal from Willamette Valley Appraisal Professionals

To many, an appraisal just looks like one more thing in the long list of items for a home purchase or refinance. And while there are a growing number of automated home valuation methods that may seem cheaper than an appraisal, the majority of lenders still want a local expert because the stakes are very high. Is getting a mortgage the only reason you should get an appraisal? Are there other times when the services of a certified, independent real estate professional could come in handy? You bet there are.

Let Willamette Valley Appraisal Professionals assist you in lowering your mortgage payment

Contest your tax assessment

It's likely you're paying too much in property taxes if you reside in an area where property values have depreciated. Property taxes are based upon a previous assessment of your real estate, so if prices have gone down in your area, you can challenge your assessment and save money. When building your case, an appraisal from us is your best evidence. We can assist you in appealing your tax assessment.

Eliminate PMI to lower your mortgage payment

When the amount being loaned to the home owneris more than 80% of the actual value of the home, most lenders ask buyers to buy this supplemental insurance policy. That policy is Private Mortgage Insurance, or PMI. More often than not, this extra payment is bundled into the monthly mortgage payment and is promptly forgotten. PMI is no longer required when the remaining balance of the loan - whether through market appreciation or principal pay down - dips below the 80% level, making this very unfavorable. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to eliminate the PMI payments when the loan-to-value ratio conditions have been met.

If you'd like to eliminate PMI, Willamette Valley Appraisal Professionals will produce a statement regarding the value of your home. The cost of the appraisal can usually be offset in little time because you'll no longer be paying the PMI.

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Divorce settlement with fewer hang-ups

A divorce is often complicated by the strenuous decision of who maintains the property, and it can be a very daunting ordeal for both parties. It's a good idea to get an appraisal from Willamette Valley Appraisal Professionals so both parties are fully aware of the true market value of their house, regardless of the situation.

If the parties wish 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 received a fair evaluation.

Accurate and fair estate liquidation

The death of a loved one is a difficult time in life, and settling an estate from a death, or probate, often requires 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 many 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 uneven share of the total estate value, so knowing the true value of the real estate at hand is of significant importance to ensuring disputing parties leave knowing they've gotten an honest deal.

Relocate to or from Clackamas County for work

We 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 intensive inspection, we suggest relocating employees to provide input on the positive attributes of their property, as well as information regarding any current sales or listings in their area that they want considered.

Sell your home quickly — for an accurate price

A professional appraisal can help you make a more informed decision regarding your asking price, whether you decide to sell your home on your own or use the assistance of a real estate agent. 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 complete the appraisal report and not a percentage of the sales price.

We examine the difference in value things like an extra bathroom or a kitchen remodel can make on a daily basis. 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, because we're experts in knowing how long properties stay on the market.

Let Willamette Valley Appraisal Professionals assist you in selling your home quickly at the right price