Why you should order an appraisal from Frigoletto & Associates Inc.
Thousands of people in Massachusetts buy, sell or refinance their home every month. Most of these transactions include a simple line item for an appraisal. While there are a multiplying number of automated home valuation processes that may appear more cost-effective than an appraisal, nearly all lenders still need a local expert because the stakes are incredibly high. Is getting a mortgage the only basis for getting an appraisal? Are there additional situations when the services of a licensed, independent real estate professional could be helpful? Of course there are.
Challenge your tax assessment in Worcester County
If you reside in an area where the value of property has declined, it's possible you're paying too much in property taxes. When building your case, an appraisal from us is your best evidence. At Frigoletto & Associates Inc., we're capable of assisting you in challenging your tax assessment.
Get rid of PMI to lower your mortgage payment
Private Mortgage Insurance, or PMI, is an additional insurance plan that nearly all lenders ask homeowners to buy 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 lumped into the monthly mortgage payment, it is often forgotten. PMI isn't necessary when the remaining balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% level, making this very unfavorable. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to remove the PMI installments when the loan-to-value ratio conditions have been met.
Frigoletto & Associates Inc. can give you a statement regarding the value of your home, and the expense of the appraisal can usually be recovered in a short amount of time 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 is often complicated by the troublesome decision of who keeps the house, and it can be a very daunting event for both parties. So both parties are fully aware of the true market value of their property, it's a good idea to order an appraisal from Frigoletto & Associates Inc., regardless of the situation.
If the parties want to sell the home, they'll have a clearer picture of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation.
Ascertain an accurate and fair valuation for estate liquidation
Losing 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 real estate involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the utmost degree of discretion.
Unlike wealthy individuals, most Americans do not have dedicated estate planners or executors to handle these matters. A home or other property often makes up a disproportionate share of the total estate value, so knowing the true worth of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've received an honest deal.
Relocate to or from Worcester County through an employee relocation program
Employee relocation is a stressful event, and we understand. We take great care in setting up an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive attributes of their property, along with information regarding any current sales or listings in their area that they want considered during our detailed inspection.
Close on your home quickly — at an accurate price
A professional appraisal can help you make a better educated decision regarding your selling price, whether you want to sell your home on your own or with the help of a real estate agent. Unlike a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees aren't a percentage of the sales price, but rather they depend on our efforts to finish the appraisal report.
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 propertiesare 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.