Reasons to get an appraisal from South Shore Realty Advisors, Inc

Thousands of people in Massachusetts buy, sell or refinance their home each year. Most of these transactions consist of a simple line item for an appraisal. The majority of lenders still call for a local expert because the stakes are very high, even though there are a developing number of automated home valuation systems that may seem more cost-effective than an appraisal. You might think that securing a mortgage is the only reason to get an appraisal, but there are additional times when the services of a certified, independent real estate professional could come in handy.

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Dispute your tax assessment in Plymouth County

It's probable you're paying too much in property taxes if you reside in an area where property values have depreciated. Ad Valorem taxes are based upon a previous assessment of your real estate, so if prices have declined in your area, you can appeal your assessment and save money. An appraisal from South Shore Realty Advisors, Inc is your best evidence when building your case. We're equipped to assist you in appealing your tax assessment.

Get rid of PMI to lower your mortgage payment

When the amount being loaned to the home buyeris more than 80% of the actual value of the home, many lenders ask buyers to buy this supplemental insurance policy. That policy is Private Mortgage Insurance, or PMI. Most often, this additional payment is folded into the monthly mortgage payment and is quickly forgotten. This is bad because PMI is unnecessary when the remainder 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 passed by the United States Congress requiring lenders to dismiss the PMI installments when the loan-to-value ratio conditions have been met.

If you'd like to do away with PMI, South Shore Realty Advisors, Inc can give you a statement regarding the value of your home. The expense of the home valuation can usually be recovered in a short amount of time because you'll no longer be paying the PMI.

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Divorce settlement with fewer hang-ups

A divorce can be an especially daunting event for both parties, and it is often even more complicated by the strenuous decision of who keeps the property. Regardless of the situation, it's a good idea to get an appraisal from South Shore Realty Advisors, Inc so both parties are entirely aware of the true market value of their house.

The parties will have a better idea of what price to set, if they need to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation.

Accurate and fair estate liquidation

Losing a loved one is a painful 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 highest degree of discretion.

Unlike wealthier individuals, most Americans do not have dedicated estate planners or executors to take care of these issues. And seeing that a home or other property often makes up a disproportionate 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 gotten a fair deal.

Relocate to or from Plymouth County through an employee relocation program

Employee relocation can be a stressful event, and we understand. That being said, we take great care in establishing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive characteristics of their property, along with information about any recent sales or listings in their area that they want considered during our thorough inspection.

Close on your home quickly — at an accurate price

A professional appraisal will help you make a better educated decision when determining your asking price, whether you choose to sell your home on your own or with the help of a real estate agent. An appraiser has no vested interest in what amount the house sells for, unlike real estate agents. Our fees aren't a percentage of the sales price, but rather they are based on our efforts to finish the appraisal report.

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

Let South Shore Realty Advisors, Inc assist you in selling your home quickly at the right price