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Reasons to get an appraisal

To many, an appraisal is simply another fee on the break-sheet for a mortgage or refinance. Practically all lenders still need a local expert because the stakes are very high, even though there are a developing number of automated home valuation systems that may appear to be more cost-effective than an appraisal. Is securing a mortgage the only reason you should get an appraisal? Are there additional times when the services of a certified, independent real estate professional might come in handy? You bet.

Let Dudas & Associates, Inc assist you in lowering your mortgage payment

Appeal your tax assessment in Summit 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. We can assist you in disputing your tax assessment.

PMI removal to reduce a 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 purchase this added insurance policy. That policy is Private Mortgage Insurance, or PMI. This extra payment is often bundled into the monthly mortgage payment and is soon forgotten. This is unfortunate because PMI is unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress that requires lenders to do away with the PMI installments when the loan-to-value ratio conditions have been met.

Dudas & Associates, Inc will provide you with a statement regarding the value of your home, and the price you paid for the home valuation can often be regained in a short amount of time because you'll no longer be paying the PMI.

Order your appraisal from Dudas & Associates, Inc today

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Divorce settlement with less stress

A divorce is often complicated by the challenging decision of who gets the property, and it can be a very daunting experience for both parties. Regardless of the situation, 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.

The parties will have a better idea of what price to set, if they want 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 assessment.

Accurate and fair estate liquidation

Losing a loved one is a hard 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. We ensure the fullest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).

Unlike wealthier individuals, most Americans do not have dedicated estate planners or executors to manage these matters. 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 essential importance to ensuring disputing parties walk away knowing they've received a fair deal.

Relocate to or from Summit County for work

We know the stress involved with an employee relocation. That's why we take great care in organizing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive aspects of their property, as well as information about any current sales or listings in their area that they want considered during our thorough inspection.

Sell your home promptly — at an accurate price

A professional appraisal can 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. Unlike a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees are calculated on our efforts to complete the appraisal report and not a percentage of the sales price.

We determine the difference in value items like an additional bathroom or a kitchen remodel can make on a daily basis. Seeking a professional appraisal is a trusted way to determine 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.

Let Dudas & Associates, Inc help you sell your home quickly at the right price