Let REVARI (Real Estate Valuation and Research Inc.) handle your appraisal needs
Thousands of people in New Hampshire buy, sell or refinance their home every month. Most of these transactions consist of a simple line item for an appraisal. Even though there are an increasing number of automated home valuation processes that may seem more economical than an appraisal, most lenders still call for a local expert because the stakes are so high. Is securing a mortgage the only reason you should get an appraisal? Are there other cases when the services of a certified, independent real estate professional could be helpful? You bet there are.
Contest your tax assessment in Sullivan County
It's probable you're paying too much in property taxes if you live in an area where property values have declined. Ad Valorem taxes are determined by a previous 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 us is your best evidence. At REVARI (Real Estate Valuation and Research Inc.), we're capable of assisting you in challenging your tax assessment.
PMI removal to reduce a mortgage payment
Private Mortgage Insurance, or PMI, is an extra insurance policy that almost all lenders ask homebuyers to purchase when the amount being loaned to the homebuyer is more than 80% of the actual value of the real estate. Oftentimes, this additional payment is lumped into the monthly mortgage payment and is promptly forgotten. This is bad because PMI becomes unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - falls below the 80% level. In fact, the Homeowners Protection Act (HPA) of 1998 was invoked by the United States Congress that requires lenders to do away with the PMI payments when the loan-to-value ratio conditions have been met.
If you'd like to eliminate PMI, REVARI (Real Estate Valuation and Research Inc.) can produce a statement regarding the value of your home. The expense of the home valuation can often be recovered in just a few months because you'll no longer be paying the PMI.
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Get a fair valuation on a home take make a divorce settlement less stressful
A divorce can be an especially traumatic experience for both parties, and it is often further complicated by the challenging decision of who maintains the house. It's a good idea to order an appraisal from REVARI (Real Estate Valuation and Research Inc.) so both parties are fully aware of the true market value of their property, regardless of the situation.
If the parties wish to sell the home, they'll have a better idea of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.
Accurate and fair estate liquidation
Losing 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 Fair Market Value for the real estate involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the fullest degree of discretion.
Unlike wealthy individuals, most Americans don't have dedicated estate planners or executors to take care of these matters. And seeing that a home or other property often makes up an unequal share of the total estate value, knowing the true value 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 Sullivan County for work
We are familiar with the stress associated with an employee relocation. That being said, we take great care in establishing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive characteristics of their property, as well as information about any current sales or listings in their area that they want considered during our detailed inspection.
Sell your home promptly — for 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 selling price. An appraiser has no vested interest in what price the house sells for, unlike real estate agents. Our fees depend on our efforts to finish the appraisal report and and aren't related to the sales price.
We examine the difference in value items like an extra bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long homesare on the market. So, obtaining a professional appraisal is a reliable way to decide 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 an unnecessarily long time.