Reasons to hire an appraiserThousands of people in Pennsylvania purchase, sell or refinance their home each year. A lot of these transactions have a simple line item for an appraisal. While there are a multiplying number of automated home valuation systems that might appear more practical than an appraisal, almost all lenders still need a local expert because the stakes are incredibly high. You might think that securing a mortgage is the only reason you should get an appraisal, but there are other instances when the services of a licensed, independent real estate professional could come in handy.
Challenge your tax assessment in Huntingdon CountyIf you reside in an area where the value of property has depreciated, it's possible you're paying too much in property taxes. An appraisal from Discovery One, Inc. is your best evidence when building your case. At Discovery One, Inc., we're capable of assisting you in disputing your tax assessment.
PMI removal to lower your mortgage paymentWhen the amount being loaned to the homeowner is more than 80% of the actual value of the real estate, many lenders ask homebuyers to purchase an supplemental insurance plan. That policy is Private Mortgage Insurance, or PMI. Since the added payment is usually bundled into the monthly mortgage payment, it is often forgotten. PMI isn't required when the leftover balance of the loan - whether through market appreciation or principal pay down - dips below the 80% level, making this very unfortunate. In fact, the Homeowners Protection Act (HPA) of 1998 was approved by the United States Congress requiring lenders to remove the PMI payments on most mortgages when the balance is paid down to 78% of the original value.
If you'd like to do away with PMI, Discovery One, Inc. can produce a statement regarding the value of your home. The expense of the home valuation can usually be offset in a short amount of time because you'll no longer be paying the PMI.
Settling a divorce with less stress with an appraisal from Discovery One, Inc.A divorce is an especially daunting experience for the parties involved, and it is often more complicated by the burdensome decision of who gets the house. Regardless of the circumstances, it's a good idea to get an appraisal from Discovery One, Inc. so both parties are fully aware of the true market value of their home.
The parties will have a good idea of what price to set, if they need to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair assessment.
Fair and accurate estate liquidation with Discovery One, Inc.Settling an estateLosing a loved one is a painful time in life, and settling an estate from a death, or probate, often calls for 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 don't have dedicated estate planners or executors to take care of these affairs. A home or other property often makes up an unequal share of the total estate value, so knowing the true 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 Huntingdon County?We know the headaches associated with an employee relocation. That's why we take great care in organizing a convenient appointment time for the appraisal inspection. During our intensive process, we recommend employees that are moving 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.
Let Discovery One, Inc. help you sell your home quickly at the right priceWhether you choose to sell your home on your own or use the assistance of a real estate agent, a professional appraisal can help you make a better educated decision when determining your asking price. 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 aren't a percentage of the sales price, but rather they rest on our efforts to complete the appraisal.
We analyze the difference in value things like an extra bathroom or a kitchen remodel can make on a daily basis. Obtaining 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 - because we're experts in knowing how long houses are one the market.