Why you should get an appraisal from Dudas & Associates, IncTo a lot of people, an appraisal just looks like another cost on the settlement sheet for a home sale or refinance. And even though there are a multiplying number of automated home valuation processes that might seem less expensive than an appraisal, nearly all lenders still call in a local expert because the stakes are very high. Is getting a mortgage the only reason you should get an appraisal? Are there additional situations when the services of a licensed, independent real estate professional might come in handy? Of course. 
Challenge your tax assessment in Summit CountyIt's quite possible you're paying too much in property taxes if you live in an area where property values have declined. Property taxes are determined by a past assessment of your real estate, so if prices have gone down in your area, you can appeal your assessment and save money. When building your case, an appraisal from us is your best evidence. We can assist you in challenging your tax assessment. Removing PMI for mortgage paymentsWhen the amount being loaned to the home buyeris more than 80% of the actual value of the home, most lenders ask homebuyers to take out this supplemental insurance plan. That policy is Private Mortgage Insurance, or PMI. More often than not, this additional payment is bundled into the monthly mortgage payment and is promptly forgotten. PMI isn't necessary when the remaining balance of the loan - whether through market appreciation or principal pay down - goes below the 80% level, making this very unfortunate. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to dismiss the PMI payments when the loan-to-value ratio conditions have been met. If you'd like to get rid of PMI, Dudas & Associates, Inc can provide you with a statement regarding the value of your home. The price you paid for the home valuation can generally be regained in just a few months because you'll no longer be paying the PMI. Order an appraisal from Dudas & Associates, Inc Order todayDivorce settlement with fewer hang-upsA divorce can be a particularly traumatic experience for both parties, and it is often more complicated by the burdensome decision of who keeps the home. It's a good idea to order an appraisal from Dudas & Associates, Inc so both parties are entirely aware of the true market value of their house, regardless of the situation. The parties will have a a good 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 gotten a fair evaluation. Ascertain a fair and accurate valuation for estate liquidationThe 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 real estate involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the highest degree of discretion. Most Americans do not have dedicated estate planners or executors to take care of these affairs, unlike many wealthy individuals. And seeing that a home or other property often makes up an unequal share of the total estate value, knowing the true worth of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've received an honest deal. Relocate to or from Summit County through an employee relocation programEmployee relocation is a stressful event, and we understand. We take great care in setting up an accommodating appointment time for the appraisal inspection. During our detailed inspection, we suggest relocating employees to provide remarks on the positive features of their property, along with information about any current sales or listings in their neighborhood that they want considered. Sell your home promptly — at an accurate priceA professional appraisal can help you make a more informed decision regarding your selling price, whether you want 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 depend on our efforts to complete the appraisal report. On a daily basis, we analyze the difference in value items like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long propertiesstay on the market. So, obtaining a professional appraisal is a reliable way to decide 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. 
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