Why you should get an appraisal from Spencer Appraisal Services, Inc.

Each year, thousands of people in Pennsylvania buy, sell or refinance their home. Many of these transactions have a simple line item for an appraisal. While there are a budding number of automated home valuation methods that might seem cheaper than an appraisal, the majority of lenders still call for a local expert because the stakes are incredibly high. You might assume that securing a mortgage is the only reason you should get an appraisal, but there are more times when the services of a certified, independent real estate professional might be beneficial.

Let Spencer Appraisal Services, Inc. assist you in lowering your mortgage payment

Contest your tax assessment in Montgomery County

If you are in an area where property values have 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 challenging your tax assessment.

Eliminate PMI to lower your mortgage payment

Private Mortgage Insurance, or PMI, is an added insurance policy that many lenders ask home owners to buy when the amount being loaned to the homebuyer is more than 80% of the actual value of the property. Since the extra payment is usually folded into the monthly mortgage payment, it is often forgotten. This is bad because PMI isn't necessary when the leftover balance of the loan - whether through market appreciation or principal pay down - falls below the 80% mark. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to remove the PMI payments 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 expense of the appraisal can generally be regained in a short amount of time because you'll no longer be paying the PMI.

Get your appraisal from Spencer Appraisal Services, Inc.

Order online

Divorce settlement with fewer hang-ups

A divorce can be an especially horrible event for both parties, and it is often even more complicated by the challenging decision of who maintains the property. So both parties are entirely aware of the true market value of their home, it's a good idea to get an appraisal from Spencer Appraisal Services, Inc., regardless of the situation.

If the parties wish to sell the home, they'll have a better 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.

Ascertain a fair and accurate valuation for 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 residential property involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the utmost degree of discretion.

Unlike many wealthy individuals, most Americans do not have dedicated estate planners or executors to handle these matters. A home or other property often makes up an unequal share of the total estate value, so understanding the true worth of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've gotten a fair deal.

Move to or from Montgomery County for work

We know the headaches involved with an employee relocation. That's why we take great care in establishing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive features of their property, along with information about any current sales or listings in their area that they want considered during our intensive inspection.

Sell your home promptly — at an accurate price

A professional appraisal will help you make a more informed decision when determining your selling price, whether you decide 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 are calculated on our efforts to finish the appraisal report and and aren't related to the sales price.

We analyze 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 homesstay on the market. So, seeking a professional appraisal is a reliable 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.

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