HAWS Appraisals in Chico is hired for numerous purposesTo a lot of us, an appraisal is simply one more thing in the long list of items for a mortgage or refinance. And while there are a growing number of automated home valuation methods that might appear to be cheaper than an appraisal, practically all lenders still want a local expert because the stakes are incredibly high. You might think that obtaining a mortgage is the only reason to acquire an appraisal, but there are more situations when the services of an independent Certified real estate professional could come in handy.
Removing PMI will lower your mortgage paymentWhen the amount being loaned to the home buyer is more than 80% of the actual value of the real estate, many lenders ask home owners to take out an added insurance policy. That policy is Private Mortgage Insurance, or PMI. This extra payment is often bundled into the monthly mortgage payment and is promptly forgotten. This is unfavorable because PMI is no longer required when the remainder of the loan - whether through market appreciation or principal pay down - decreases below the 80% level. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to do away with the PMI installments when the loan-to-value ratio conditions have been met.
If you'd like to get rid of PMI, HAWS Appraisals can produce a statement regarding the value of your home. The price you paid for the appraisal can usually be regained in little time because you'll no longer be paying the PMI.
Settling a divorce with less stressA divorce is a very daunting ordeal for the parties involved, and it is often even more complicated by the strenuous decision of who maintains the property. So both parties are entirely aware of the true market value of their house, it's a good idea to order an appraisal from HAWS Appraisals, regardless of the circumstances.
If the parties need 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.
Trustworthy estate liquidationThe 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 Market Value for the real estate involved. We guarantee the utmost degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Most Americans don't have dedicated estate planners or executors to handle these issues, unlike wealthier individuals. And seeing that a home or other property often makes up an uneven share of the total estate value, understanding the true value of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've gotten a fair deal.
HAWS Appraisals can assist you in relocating to or from Butte CountyWe are aware of the stress associated with an employee relocation. That being said, we take great care in organizing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive features of their property, as well as information regarding any current sales or listings in their neighborhood that they want considered during our thorough process.
Let HAWS Appraisals help you sell your home quickly at the right priceWhether you want to sell your home on your own or use the assistance of a real estate agent, a professional appraisal will help you make a better educated decision regarding your selling price. An appraiser has no vested interest in what price the house sells for, unlike real estate agents. The price I charge isn't related to the sales price, but rather they are calculated on the efforts to complete the appraisal.
A determination is made with respect to the difference in value items like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long houses are on the market. So, obtaining 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 for an extended amount of time.