Reasons you should order an appraisal from Frigoletto & Associates Inc.
Year after year, thousands of people in Massachusetts purchase, sell or refinance their home. A lot of these transactions consist of a simple line item for an appraisal. While there are a developing number of automated home valuation methods that may appear to be cheaper than an appraisal, the majority of lenders still call in a local expert because the stakes are so high. Is securing a mortgage the only reason to acquire an appraisal? Are there more situations when the services of a licensed, independent real estate professional might be beneficial? You bet.
Appeal your tax assessment in Worcester County
It's quite possible you're paying too much in property taxes if you reside in an area where property values have declined. Ad Valorem taxes are determined by a previous assessment of your house, so if values have declined in your area, you can appeal your assessment and save money. An appraisal from Frigoletto & Associates Inc. is your best evidence when building your case. We're qualified to assist you in appealing your tax assessment.
Get rid of PMI to lower your mortgage payment
Private Mortgage Insurance, or PMI, is an extra insurance policy that almost all lenders ask home owners 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 remainder of the loan - whether through market appreciation or principal pay down - decreases below the 80% level, making this very unfortunate. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to eliminate the PMI payments when the loan-to-value ratio conditions have been met.
If you'd like to do away with PMI, Frigoletto & Associates Inc. can provide you with a statement regarding the value of your home. The expense of the home valuation can usually be recovered in little time because you'll no longer be paying the PMI.
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Divorce settlement with less stress
A divorce can be a very horrible event for both parties, and it is often even more complicated by the hard decision of who keeps 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 Frigoletto & Associates Inc., regardless of the situation.
The parties will have a better idea of what price to set, if they wish to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.
Ascertain a fair and accurate valuation for estate liquidation
The loss of a loved one is a hard 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. We guarantee the highest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Unlike many wealthy individuals, most Americans don't have dedicated estate planners or executors to manage these affairs. A home or other property often makes up a disproportionate share of the total estate value, so understanding the true worth of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've received a fair deal.
Relocate to or from Worcester County through an employee relocation program
We understand the stress associated with an employee relocation. That being said, we take great care in establishing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive aspects of their property, along with information about any recent sales or listings in their area that they want considered during our thorough inspection.
Sell your home promptly — for the right price
A professional appraisal will help you make a better educated decision when determining your asking price, whether you decide to sell your home on your own or use the assistance 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 related to the sales price, but rather they are calculated on our efforts to complete the appraisal report.
We examine the difference in value items like an extra bathroom or a kitchen remodel can make on a daily basis. 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 an unnecessarily long time, because we're experts in knowing how long houses are one the market.