Let J. Boyles Appraisals, LLC attend to your appraisal needs
Each year, thousands of people in Connecticut buy, sell or refinance their home. Many of these transactions consist of a simple line item for an appraisal. While there are a budding number of automated home valuation systems that might appear more practical than an appraisal, nearly all lenders still need a local expert because the stakes are incredibly high. You might assume that getting a mortgage is the only reason to get an appraisal, but there are more times when the services of a licensed, independent real estate professional could be beneficial.
Appeal your tax assessment in Fairfield County
If you reside in an area where the property value has depreciated, it's possible you're paying too much in property taxes. An appraisal from J. Boyles Appraisals, LLC is your best evidence when building your case. At J. Boyles Appraisals, LLC, we're capable of assisting you in challenging your tax assessment.
PMI removal to lower a mortgage payment
When the amount being loaned to the home owneris more than 80% of the actual value of the real estate, many lenders ask homebuyers to take out this supplemental insurance policy. That policy is Private Mortgage Insurance, or PMI. This additional payment is often lumped into the monthly mortgage payment and is soon forgotten. This is damaging because PMI becomes unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - falls below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was invoked 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.
If you'd like to do away with PMI, J. Boyles Appraisals, LLC will give you a statement regarding the value of your home. The cost of the appraisal can usually be recovered in a short amount of time because you'll no longer be paying the PMI.
Order an appraisal from J. Boyles Appraisals, LLCOrder today
Divorce settlement with fewer hang-ups
A divorce can be a very horrible experience for both parties, and it is often further complicated by the hard decision of who maintains the house. It's a good idea to order an appraisal from J. Boyles Appraisals, LLC so both parties are completely aware of the true market value of their home, regardless of the situation.
If the parties wish to sell the home, they'll have a clearer picture of what price to set. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've gotten a fair assessment.
Accurate and fair estate liquidation
Losing a loved one is a difficult time in life, and settling an estate from a death, or probate, often calls for an appraisal to establish Fair Market Value for the residential property involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the utmost degree of discretion.
Unlike many wealthy individuals, most Americans don't have dedicated estate planners or executors to take care of these matters. A home or other property often makes up an uneven share of the total estate value, so knowing the true worth of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've received an honest deal.
Relocate to or from Fairfield County through an employee relocation program
We are familiar with the stress associated with an employee relocation. That being said, we take great care in establishing an accommodating appointment time for the appraisal inspection. During our thorough inspection, we suggest relocating employees to provide input on the positive features of their property, along with information about any recent sales or listings in their area that they want considered.
Close on your home quickly — at an accurate price
A professional appraisal can help you make a more informed 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 amount the house sells for. Our fees aren't related to the sales price, but rather they are based on our efforts to finish the appraisal report.
On a daily basis, we examine the difference in value things like an additional bathroom or a kitchen remodel can make. And we're experts in knowing how long propertiesstay on the market. So, seeking a professional appraisal is a trusted way to determine 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.