Let J. Boyles Appraisals, LLC handle your appraisal needs
Each year, thousands of people in Connecticut purchase, sell or refinance their home. Most of these transactions contain a simple line item for an appraisal. Most lenders still call for a local expert because the stakes are so high, even though there are a multiplying number of automated home valuation systems that might appear less expensive than an appraisal. You might think that securing a mortgage is the only reason you should get an appraisal, but there are additional times when the services of a licensed, independent real estate professional might be beneficial.
Appeal your tax assessment in Fairfield County
If you reside in an area where the value of property has depreciated, it's possible you're paying too much in property taxes. When building your case, an appraisal from us is your best evidence. We're equipped to assist you in disputing your tax assessment.
PMI removal to lower a mortgage payment
When the amount being loaned to the homeowneris more than 80% of the actual value of the home, almost all lenders ask buyers to take out this added insurance plan. That policy is Private Mortgage Insurance, or PMI. Most often, this extra payment is folded into the monthly mortgage payment and is promptly forgotten. This is unfavorable because PMI becomes unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% level. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress requiring lenders to dismiss the PMI installments when the loan-to-value ratio conditions have been met.
J. Boyles Appraisals, LLC can produce a statement regarding the value of your home, and the cost of the appraisal can often be recovered in a short amount of time because you'll no longer be paying the PMI.
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Get a fair valuation on a home take make a divorce settlement less stressful
A divorce can be an especially daunting experience for both parties, and it is often more complicated by the burdensome decision of who keeps the house. So both parties are completely aware of the true market value of their property, it's a good idea to order an appraisal from J. Boyles Appraisals, LLC, regardless of the situation.
The parties will have a a good 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 gotten a fair evaluation.
Accurate and fair estate liquidation
The death of 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. 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).
Most Americans don't have dedicated estate planners or executors to manage these matters, 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 value of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've gotten an honest deal.
Relocate to or from Fairfield County for work
We are familiar with the stress involved with an employee relocation. That being said, 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 regarding any current sales or listings in their neighborhood that they want considered during our intensive inspection.
Close on your home quickly — at an accurate price
A professional appraisal will help you make a more informed decision when determining your selling price, whether you want to sell your home on your own or use the assistance 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 related to the sales price, but rather they are calculated on our efforts to finish the appraisal report.
We examine the difference in value things like an additional bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long homesare on the market. So, obtaining a professional appraisal is a trusted 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.