Reasons to get an appraisal from Bedinotti AssociatesTo a lot of people, an appraisal is simply one more thing on the settlement sheet for a mortgage or refinance. Most lenders still want a local expert because the stakes are incredibly high, even though there are a multiplying number of automated home valuation systems that might appear more cost-effective than an appraisal. But is getting a mortgage the only reason to get an appraisal? Are there additional situations when the services of a certified, independent real estate professional might be beneficial? Absolutely.
Let Bedinotti Associates help you appeal your tax assessment in Albany CountyIt's probable you're paying too much in property taxes if you live in an area where property values have declined. Property taxes are determined by a past assessment of your house, so if prices have gone down in your area, you can appeal your assessment and save money. When building your case, an appraisal from Bedinotti Associates is your best evidence. We're qualified to assist you in disputing your tax assessment.
Bedinotti Associates can help you eliminate PMI to lower your mortgage paymentWhen the amount being loaned to the buyer is more than 80% of the actual value of the real estate, almost all lenders ask home owners to take out an added insurance policy. That policy is Private Mortgage Insurance, or PMI. This added payment is often lumped into the monthly mortgage payment and is quickly forgotten. PMI is unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - goes below the 80% mark, making this very unfortunate. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to dismiss the PMI payments when the loan-to-value ratio conditions have been met.
Bedinotti Associates will give you a statement regarding the value of your home, and the price you paid for the home valuation can generally be regained in a short amount of time because you'll no longer be paying the PMI.
Divorce settlement with less stressA divorce can be a very daunting experience for both parties, and it is often more complicated by the strenuous decision of who gets the home. So both parties are completely aware of the true market value of their house, it's a good idea to order an appraisal from Bedinotti Associates, regardless of the situation.
If the parties want to sell the home, they'll have a clearer picture 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.
Settling an estate with peace of mindThe 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 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 do not have dedicated estate planners or executors to take care of these matters, unlike wealthy individuals. And since a home or other property often makes up a disproportionate share of the total estate value, understanding the correct value of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've gotten an honest deal.
Relocating to or from Albany County?Moving due to a job change is a real pain, and we understand. That being said, we take great care in establishing a convenient appointment time for the appraisal inspection. During our thorough process, we suggest relocating employees to provide remarks on the positive attributes of their property, along with information regarding any new sales or listings in their area that they want considered.
Don't sell out short or let your home stay on the market too long.A professional appraisal can help you make a better educated decision regarding your asking price, whether you choose to sell your home on your own or use the assistance of a real estate agent. An appraiser has no vested interest in what amount the house sells for, which is different than the interest of real estate agents. Our fees depend on our efforts to complete the appraisal report and and aren't related to the sales price.
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 are on the market. So, seeking a professional appraisal is a reliable way to decide 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 for an extended amount of time.