Why an Appraisal?
There are lots of reasons people call on Dan Diller Realtors
Thousands of people in Pennsylvania purchase, sell or refinance their home every month. A lot of these transactions involve a simple line item for an appraisal. Most lenders still need a local expert because the stakes are so high, even though there are a budding number of automated home valuation systems that may appear to be more prudent than an appraisal. You might assume that getting a mortgage is the only reason you should get an appraisal, but there are additional cases when the services of a licensed, independent real estate professional could be beneficial.
Challenge your tax assessment in Lancaster County
It'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 determined by a past assessment of your home, so if values have gone down in your area, you can challenge your assessment and save money. When building your case, an appraisal from Dan Diller Realtors is your best evidence. We're equipped to assist you in disputing your tax assessment.
PMI removal to lower your mortgage payment
When the amount being loaned to the home buyer is more than 80% of the actual value of the property, nearly all lenders ask home buyers to take out an extra insurance plan. That policy is Private Mortgage Insurance, or PMI. Seeing that added payment is usually bundled into the monthly mortgage payment, it is often forgotten. PMI is no longer required when the leftover balance of the loan - whether through market appreciation or principal pay down - falls below the 80% mark, making this very unfortunate. In fact, the Home-owners Protection Act (HPA) of 1998 was approved by the United States Congress that requires lenders to do away with the PMI payments on most mortgages when the balance is paid down to 78% of the original value. Dan Diller Realtors can produce a statement regarding the value of your home, and the price you paid for the appraisal can generally be recovered in just a few months because you'll no longer be paying the PMI.
Settling a divorce with less stress with an appraisal from Dan Diller Realtors
A divorce is an especially daunting event for the parties involved, and it is often more complicated by the hard decision of who maintains the house. Regardless of the circumstances, it's a good idea to get an appraisal from Dan Diller Realtors so both parties are completely aware of the true market value of their property. The parties will have a a good idea of what price to set, if they wish 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.
Trustworthy estate liquidation
The death of a loved one is a difficult time in life, and settling an estate from a death, or probate, often calls for an appraisal to establish Market Value for the residential property involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the maximum degree of discretion. Unlike wealthy individuals, most Americans don't have dedicated estate planners or executors to handle these matters. And since a home or other property often makes up a disproportionate share of the total estate value, knowing the precise value of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've gotten a fair deal.
Let Dan Diller Realtors assist you in relocating to or from Lancaster County
Moving due to a job change can be a real pain. We know where you're coming from. That being said, we take great care in setting up a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive aspects of their property, as well as information regarding any new sales or listings in their area that they want considered during our thorough process.
Don't sell out for too little or let your home stay on the market too long.
A professional appraisal will help you make a better educated decision regarding your selling price, whether you want to sell your home on your own or with the help of a real estate agent. Separate from a real estate agent, an appraiser has no vested interest in what price the house sells for. The price we charge isn't contingent upon the value we come up with, but rather they are calculated on our efforts to finish the appraisal. On a daily basis, we analyze the difference in value items like an additional bathroom or a kitchen remodel can make. Obtaining a professional appraisal is a reliable way to determine 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 - because we're experts in knowing how long homes are one the market.