Broadway Appraisal LLC in Longview are called upon for numerous clientsTo many, an appraisal is simply another cost on the settlement sheet for a home purchase or refinance. And while there are a multiplying number of automated home valuation processes that might appear to be more cost-effective than an appraisal, almost all lenders still want a local expert because the stakes are so high. You might believe that getting a mortgage is the only basis for getting an appraisal, but there are additional cases when the services of a certified, independent real estate professional could be helpful.
Dispute your tax assessment in Cowlitz CountyIt'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 determined by a previous assessment of your real estate, so if prices have gone down in your neighborhood, you can appeal your assessment and save money. An appraisal from Broadway Appraisal LLC is your best evidence when building your case. At Broadway Appraisal LLC, we're capable of assisting you in appealing your tax assessment.
Let Broadway Appraisal LLC help you get rid of PMI to lower your mortgage paymentWhen the amount being loaned to the home buyer is more than 80% of the actual value of the property, almost all lenders ask home owners to take out an added insurance plan. That policy is Private Mortgage Insurance, or PMI. Since the extra payment is usually folded into the monthly mortgage payment, it is often forgotten. This is unfavorable because PMI becomes unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - goes below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress requiring lenders to dismiss the PMI installments on most mortgages when the balance is paid down to 78% of the original value.
If you'd like to eliminate PMI, Broadway Appraisal LLC can provide you with a statement regarding the value of your home. The price you paid for the appraisal can generally be regained in just a few months because you'll no longer be paying the PMI.
Settling a divorce with less stressA divorce can be a particularly daunting ordeal for both parties, and it is often even more complicated by the hard decision of who maintains the home. So both parties are fully aware of the true market value of their house, it's a good idea to order an appraisal from Broadway Appraisal LLC, regardless of the situation.
The parties will have a good idea of what price to set, if they want to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation.
Fair and accurate estate liquidationLosing a loved one is a difficult time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Market Value for the real estate involved. We ensure the highest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Unlike wealthy individuals, most Americans do not have dedicated estate planners or executors to manage these affairs. And since a home or other property often makes up an unequal share of the total estate value, knowing the absolute value of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've gotten a fair deal.
Relocating to or from Cowlitz County?We are familiar with the headaches involved with an employee relocation. That's why we take great care in setting up a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive aspects of their property, along with information regarding any new sales or listings in their area that they want considered during our intensive process.
Let Broadway Appraisal LLC help you sell your home quickly at the right priceA professional appraisal can help you make a more informed decision regarding your asking 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, which is different than the interest of real estate agents. Our fees are calculated on our efforts to finish the appraisal report and not a percentage of the sales price.
On a daily basis, we examine the difference in value items like an extra bathroom or a kitchen remodel can make. Obtaining a professional appraisal is a trusted 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 - because we're experts in knowing how long properties are one the market.