Reasons you should order an appraisal from The Nunn Company Residential Appraisals LLC
To a lot of people, an appraisal just looks like a line item on the break-sheet for a home sale or refinance. And while there are a multiplying number of automated home valuation methods that might appear to be cheaper than an appraisal, the majority of lenders still call for a local expert because the stakes are so high. You might think that getting a mortgage is the only reason you should get an appraisal, but there are additional instances when the services of a licensed, independent real estate professional could come in handy.
Dispute your tax assessment in Cole County
If you reside in an area where the value of property has depreciated, it's possible you're paying too much in property taxes. When building your case, an appraisal from us is your best evidence. At The Nunn Company Residential Appraisals LLC, we're qualified to assist you in disputing your tax assessment.
Eliminating PMI for mortgage payments
When the amount being loaned to the homeowneris more than 80% of the actual value of the property, most lenders ask buyers to purchase this extra insurance policy. That policy is Private Mortgage Insurance, or PMI. This additional payment is often folded into the monthly mortgage payment and is promptly forgotten. PMI is unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - dips below the 80% mark, making this very unfortunate. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to dismiss the PMI payments when the loan-to-value ratio conditions have been met.
If you'd like to get rid of PMI, The Nunn Company Residential Appraisals LLC can provide you with a statement regarding the value of your home. The price you paid for the appraisal can often be offset in little time because you'll no longer be paying the PMI.
Get your appraisal from The Nunn Company Residential Appraisals LLCOrder today
Get a clear valuation on a home for divorce settlements
A divorce is a very traumatic experience for the parties involved, and it is often further complicated by the strenuous decision of who maintains the house. So both parties are entirely aware of the true market value of their home, it's a good idea to get an appraisal from The Nunn Company Residential Appraisals LLC, regardless of the situation.
The parties will have a better idea of what price to set, if they want 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.
Ascertain an accurate and fair valuation for estate liquidation
Losing a loved one is a hard time in life, and settling an estate from a death, or probate, often requires an appraisal to establish Fair Market Value for the residential property involved. We guarantee the highest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Most Americans do not have dedicated estate planners or executors to manage these affairs, unlike many wealthy individuals. A home or other property often makes up a disproportionate share of the total estate value, so understanding the true worth of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've received an honest deal.
Relocate to or from Cole County for work
Employee relocation is a stressful event, and we understand. That's why we take great care in setting up a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive features of their property, along with information regarding any recent sales or listings in their area that they want considered during our thorough inspection.
Close on your home quickly — at the right price
Whether you want to sell your home on your own or use the assistance of a real estate agent, a professional appraisal can help you make a more informed decision regarding your asking price. Apart from a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees are based on our efforts to complete the appraisal report and and aren't related to the sales price.
We analyze the difference in value items like an extra bathroom or a kitchen remodel can make on a daily basis. 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 homes are one the market.