Let Spencer Appraisal Services, Inc. attend to your appraisal needs

To a lot of us, an appraisal is simply one more thing in the long list of items for a home purchase or refinance. Nearly all lenders still want a local expert because the stakes are incredibly high, even though there are an increasing number of automated home valuation methods that may appear less expensive than an appraisal. Is securing a mortgage the only reason to get an appraisal? Are there more times when the services of a certified, independent real estate professional could be helpful? You bet there are.

Let Spencer Appraisal Services, Inc. help you lower your mortgage payment

Contest your tax assessment

It's likely you're paying too much in property taxes if you live in an area where property values have depreciated. Property taxes are based upon a previous assessment of your real estate, so if values are less than what they used to be in your area, you can challenge your assessment and save money. 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

Private Mortgage Insurance, or PMI, is an additional insurance policy that nearly all lenders ask home buyers to buy when the amount being loaned to the home buyer is more than 80% of the actual value of the property. Since the added payment is usually lumped into the monthly mortgage payment, it is often forgotten. PMI becomes unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - goes below the 80% level, making this very unfortunate. In fact, the Homeowners Protection Act (HPA) of 1998 was invoked by the United States Congress that requires lenders to eliminate the PMI installments when the loan-to-value ratio conditions have been met.

Spencer Appraisal Services, Inc. can produce a statement regarding the value of your home, and the cost of the home valuation can often be recovered in little time because you'll no longer be paying the PMI.

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Divorce settlement with fewer hang-ups

A divorce is often complicated by the hard decision of who keeps the house, and it can be a very horrible event for both parties. So both parties are entirely aware of the true market value of their house, it's a good idea to get an appraisal from Spencer Appraisal Services, Inc., regardless of the circumstances.

If the parties wish to sell the home, they'll have a a good idea of what price to set. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation.

Accurate and fair estate liquidation

The loss 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 real estate involved. We ensure the utmost 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 don't have dedicated estate planners or executors to handle these matters. And since a home or other property often makes up an unequal share of the total estate value, understanding the true value of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've gotten an honest deal.

Relocate to or from Montgomery County through an employee relocation program

We understand the headaches 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 encourage relocating employees to provide remarks on the positive aspects of their property, as well as information about any recent sales or listings in their area that they want considered.

Sell your home quickly — for the right price

A 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 use the assistance of a real estate agent. Apart from a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees are based on our efforts to complete the appraisal report and and aren't related to the sales price.

On a daily basis, we examine the difference in value things like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long housesare on the market. So, seeking a professional appraisal is a reliable 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.

Let Spencer Appraisal Services, Inc. assist you in selling your home quickly at the right price