Reasons to order an appraisal

Thousands of people in Massachusetts buy, sell or refinance their home every year. Many of these transactions contain a simple line item for an appraisal. Most lenders still call for a local expert because the stakes are so high, even though there are a budding number of automated home valuation processes that may appear more prudent than an appraisal. Is securing a mortgage the only reason to acquire an appraisal? Are there other situations when the services of a licensed, independent real estate professional might come in handy? Of course there are.

Let Frigoletto & Associates Inc. assist you in lowering your mortgage payment

Appeal your tax assessment

If you live in an area where the value of property has declined, it's possible you're paying too much in property taxes. An appraisal from Frigoletto & Associates Inc. is your best evidence when building your case. At Frigoletto & Associates Inc., we're equipped to assist you in disputing your tax assessment.

Getting rid of your PMI for mortgage payments

When the amount being loaned to the homeowneris more than 80% of the actual value of the home, many lenders ask home buyers to buy this additional insurance policy. That policy is Private Mortgage Insurance, or PMI. Very often, this added payment is folded into the monthly mortgage payment and is soon forgotten. PMI is unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - falls below the 80% level, making this very unfortunate. In fact, the Homeowners Protection Act (HPA) of 1998 was invoked by the United States Congress that requires lenders to dismiss the PMI installments when the loan-to-value ratio conditions have been met.

Frigoletto & Associates Inc. will provide you with a statement regarding the value of your home, and the expense of the home valuation can generally be recovered in little time because you'll no longer be paying the PMI.

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Settle a divorce with less stress

A divorce can be a particularly daunting event for both parties, and it is often even more complicated by the burdensome decision of who maintains the property. It's a good idea to order an appraisal from Frigoletto & Associates Inc. so both parties are completely 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 a good 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.

Ascertain an accurate and fair valuation for estate liquidation

The loss of a loved one is a difficult time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Fair Market Value for the residential property involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the utmost degree of discretion.

Most Americans don't have dedicated estate planners or executors to manage these matters, unlike wealthy individuals. And seeing that a home or other property often makes up an uneven share of the total estate value, understanding the true worth of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've gotten an honest deal.

Move to or from Worcester County through an employee relocation program

We understand the headaches associated with an employee relocation. We take great care in organizing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive attributes of their property, as well as information regarding any new sales or listings in their area that they want considered during our thorough inspection.

Close on 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 will help you make a more informed decision regarding your asking price. An appraiser has no vested interest in what price the house sells for, unlike real estate agents. Our fees are based on our efforts to finish the appraisal report and and aren't related to the sales price.

On a daily basis, we determine the difference in value items like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long homesare on the market. So, seeking a professional appraisal is a reliable way to determine 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.

Let Frigoletto & Associates Inc. assist you in selling your home quickly at the right price