Why you should order an appraisal from Commonwealth Real Estate Appraisals, LLC.To a lot of us, an appraisal is simply another fee in the long list of items for a home purchase or refinance. Almost all lenders still want a local expert because the stakes are incredibly high, even though there are a multiplying number of automated home valuation processes that might appear to be more economical than an appraisal. You might think that securing a mortgage is the only reason to acquire an appraisal, but there are additional cases when the services of a licensed, independent real estate professional might be helpful. 
Contest your tax assessment in King William CountyIt's probable you're paying too much in property taxes if you reside in an area where property values have declined. Ad Valorem taxes are determined by a past assessment of your real estate, so if values have gone down in your area, you can appeal your assessment and save money. An appraisal from Commonwealth Real Estate Appraisals, LLC. is your best evidence when building your case. We're capable of assisting you in appealing your tax assessment. PMI removal to reduce a mortgage paymentPrivate Mortgage Insurance, or PMI, is an added insurance plan that many lenders ask buyers to purchase when the amount being loaned to the homebuyer is more than 80% of the actual value of the home. Since the additional payment is usually folded into the monthly mortgage payment, it is often forgotten. PMI isn't necessary when the remaining balance of the loan - whether through market appreciation or principal pay down - falls below the 80% mark, making this very unfortunate. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to dismiss the PMI payments when the loan-to-value ratio conditions have been met. Commonwealth Real Estate Appraisals, LLC. will produce a statement regarding the value of your home, and the cost of the appraisal can usually be offset in just a few months because you'll no longer be paying the PMI. Order an appraisal from Commonwealth Real Estate Appraisals, LLC. Order onlineDivorce settlement with less stressA divorce is a very horrible experience for the parties involved, and it is often more complicated by the burdensome decision of who maintains the house. It's a good idea to get an appraisal from Commonwealth Real Estate Appraisals, LLC. so both parties are completely aware of the true market value of their property, regardless of the situation. If the parties want to sell the home, they'll have a better 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. Determine an accurate and fair valuation for estate liquidationLosing 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 Fair Market Value for the residential property involved. We guarantee 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 take care of 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 significant importance to ensuring disputing parties leave knowing they've gotten an honest deal. Move to or from King William County for workEmployee relocation is a stressful event, and we understand. That being said, we take great care in setting up an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive characteristics of their property, along with information about any recent sales or listings in their neighborhood that they want considered during our detailed inspection. Sell your home quickly — at the right priceWhether you decide to sell your home on your own or with the help of a real estate agent, a professional appraisal will help you make a more informed decision regarding your asking price. Apart from a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees depend 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 things like an extra bathroom or a kitchen remodel can make. 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 homes are one the market. 
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