Reasons someone would hire Edward HogsedTo a lot of people, an appraisal is simply a line item on the settlement sheet for a home sale or refinance. And even though there are a multiplying number of automated home valuation methods that may appear to be more economical than an appraisal, almost all lenders still call for a local expert because the stakes are incredibly high. But is getting a mortgage the only reason you should get an appraisal? Are there other situations when the services of a certified, independent real estate professional could come in handy? You bet there are.
Appeal your tax assessment in Cherokee CountyIt's likely you're paying too much in property taxes if you live in an area where property values have declined. Property taxes are based upon a past assessment of your home, so if values are less than what they used to be in your neighborhood, you can challenge your assessment and save money. When building your case, an appraisal from Edward Hogsed is your best evidence. At Edward Hogsed,we can assist you in appealing your tax assessment.
Getting rid of your PMI will lower your mortgage paymentPrivate Mortgage Insurance, or PMI, is a supplemental insurance policy that almost all lenders ask homebuyers to purchase when the amount being loaned to the home owner is more than 80% of the actual value of the property. Since the added payment is usually bundled into the monthly mortgage payment, it is often forgotten. This is unfavorable because PMI becomes unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - goes below the 80% mark. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to eliminate the PMI installments when the loan-to-value ratio conditions have been met.
Edward Hogsed can provide you with a statement regarding the value of your home, and the expense of the home valuation can often be offset in just a few months because you'll no longer be paying the PMI.
Settling a divorce with less stress with an appraisal from Edward HogsedA divorce is a very heartbreaking ordeal for the parties involved, and it is often further complicated by the troublesome decision of who gets the house. So both parties are fully aware of the true market value of their house, it's a good idea to order an appraisal from Edward Hogsed, regardless of the circumstances.
The parties will have a clearer picture of what price to set, if they want to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.
Fair and accurate estate liquidation with Edward HogsedSettling an estateLosing a loved one is a hard time in life, and settling an estate from a death, or probate, often requires 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 highest degree of discretion.
Unlike wealthier individuals, most Americans don't have dedicated estate planners or executors to handle these matters. A home or other property often makes up an uneven share of the total estate value, so understanding the true value of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've received an honest deal.
Let Edward Hogsed help you with relocating to or from Cherokee CountyMoving due to a job change can be a stressful event. We know where you're coming from. We take great care in establishing an accommodating appointment time for the appraisal inspection. During our detailed process, we encourage employees that are moving to provide remarks on the positive characteristics of their property, as well as information regarding any recent sales or listings in their neighborhood that they want considered.
Sell your home quickly at the right price with an appraisal from Edward HogsedA 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 with the help of a real estate agent. An appraiser has no vested interest in what amount the house sells for, unlike real estate agents. The price we charge isn't contingent upon the value we come up with, but rather they depend on our efforts to finish the appraisal.
We analyze the difference in value things like an additional bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long properties stay on the market. So, getting a professional appraisal is a trusted 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 too long, costing you time and money.