Reasons to get an appraisal from Willamette Valley Appraisal Professionals

To a lot of us, an appraisal just looks like a line item on the break-sheet for a home sale or refinance. And while there are a budding number of automated home valuation methods that might seem more prudent than an appraisal, almost all lenders still need a local expert because the stakes are very high. But is obtaining a mortgage the only reason to get an appraisal? Are there other instances when the services of a licensed, independent real estate professional could be beneficial? Absolutely.


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Challenge your tax assessment in Clackamas County

If you live 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 Willamette Valley Appraisal Professionals is your best evidence. At Willamette Valley Appraisal Professionals, we're equipped to assist you in challenging your tax assessment.

Let Willamette Valley Appraisal Professionals help you get rid of PMI to lower your mortgage payment

When the amount being loaned to the buyer is more than 80% of the actual value of the home, many lenders ask home owners to take out an extra insurance policy. That policy is Private Mortgage Insurance, or PMI. This added payment is often lumped into the monthly mortgage payment and is soon forgotten. PMI is no longer required when the leftover balance of the loan - whether through market appreciation or principal pay down - goes 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 eliminate the PMI installments when the loan-to-value ratio conditions have been met.

Willamette Valley Appraisal Professionals can produce a statement regarding the value of your home, and the expense of the appraisal can generally be offset in just a few months because you'll no longer be paying the PMI.

Settling a divorce with less stress with an appraisal from Willamette Valley Appraisal Professionals

A divorce is often complicated by the challenging decision of who maintains the house, and it can be a very heartbreaking event for both parties. Regardless of the circumstances, it's prudent to get an appraisal from Willamette Valley Appraisal Professionals so both parties are fully aware of the true market value of their property.

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

Settling an estate with peace of mind

The loss of a loved one is a hard time in life, and settling an estate from a death, or probate, often requires an appraisal to establish Market Value for the residential property involved. We guarantee the fullest 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 affairs. And since a home or other property often makes up an unequal share of the total estate value, knowing 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.

Relocating to or from Clackamas County

Employee relocation can be a stressful event, and we understand. That being said, we take great care in organizing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive aspects of their property, along with information regarding any new sales or listings in their area that they want considered during our thorough process.

Don't sell out short or keep your home on the market too long.

A professional appraisal can help you make a better educated decision when determining 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 depend on our efforts to perform the appraisal report and not a percentage of the sales price.

We determine the difference in value items like an additional bathroom or a kitchen remodel can make on a daily basis. Getting 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 - because we're experts in knowing how long properties stay on the market.