Three Approaches to Property Value in Washington, DC.Every year, thousands of people in District of Columbia purchase, sell or refinance their home. Most of these transactions involve a simple line item for an appraisal. Even though there are a budding number of automated home valuation systems that may seem more economical than an appraisal, almost all lenders still call in a local expert because the stakes are incredibly high. You might assume that getting a mortgage is the only reason to acquire an appraisal, but there are additional instances when the services of a licensed, independent real estate professional might be helpful.
Let Johnson Real Estate Appraisals help you dispute your tax assessment in District Of Columbia.It's probable you're paying too much in property taxes if you live 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 area, you can challenge your assessment and save money. When building your case, an appraisal from Johnson Real Estate Appraisals is your best evidence. At Johnson Real Estate Appraisals, we're qualified to assist you in disputing your tax assessment.
PMI removal to lower your mortgage payment.When the amount being loaned to the buyer is more than 80% of the actual value of the real estate, nearly all lenders ask home buyers to take out an additional insurance policy. That policy is Private Mortgage Insurance, or PMI. Most often, this extra payment is bundled into the monthly mortgage payment and is promptly forgotten. PMI is unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - dips below the 80% mark, making this very unfortunate. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress requiring lenders to do away with the PMI payments on most mortgages when the balance is paid down to 78% of the original value.
Johnson Real Estate Appraisals will give you a statement regarding the value of your home, and the price you paid for the appraisal can generally be regained in little time because you'll no longer be paying the PMI.
An appraisal from Johnson Real Estate Appraisals will help you settle a divorce with less stress.A divorce can be an especially traumatic experience for both parties, and it is often more complicated by the burdensome decision of who gets the property. Regardless of the situation, it's prudent to order an appraisal from Johnson Real Estate Appraisals so both parties are fully aware of the true market value of their property.
If the parties wish to sell the home, they'll have a a good idea of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.
Accurate and fair estate liquidation with Johnson Real Estate Appraisals, settling an estate.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 Market Value for the real estate involved. We guarantee the highest 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 issues, unlike many wealthy individuals. 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 received an honest deal.
Relocating to or from District Of Columbia?Employee relocation is a stressful event, and we understand. That being said, we take great care in setting up a convenient appointment time for the appraisal inspection. During our intensive process, we encourage employees that are moving to provide feedback on the positive characteristics of their property, along with information regarding any new sales or listings in their neighborhood that they want considered.
Let Johnson Real Estate Appraisals, to assist you in selling your home quickly at the right price.A professional appraisal can help you make a better educated decision regarding your selling price, whether you choose to sell your home on your own or use the assistance of a real estate agent. An appraiser has no vested interest in what price the house sells for, which is different than the interest of real estate agents. Our fees are calculated on our efforts to perform the appraisal report and and aren't related to the sales price.
We examine the difference in value things like an extra bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long houses stay on the market. So, obtaining a professional appraisal is a trusted way to decide 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.