Reasons to get an appraisal

Each year, thousands of people in Oregon buy, sell or refinance their home. Most of these transactions involve a simple line item for an appraisal. And even though there are a growing number of automated home valuation systems that might seem cheaper than an appraisal, practically all lenders still want a local expert because the stakes are so high. But is getting a mortgage the only basis for getting an appraisal? Are there also times when the services of a licensed, independent real estate professional could be helpful? Of course.


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Let Willamette Valley Appraisal Professionals help you dispute your tax assessment in Clackamas County

It's probable you're paying too much in property taxes if you reside in an area where property values have declined. Property taxes are determined by a previous assessment of your home, so if prices have gone down in your area, you can appeal your assessment and save money. When building your case, an appraisal from Willamette Valley Appraisal Professionals is your best evidence. At Willamette Valley Appraisal Professionals,we can assist you in appealing your tax assessment.

Let Willamette Valley Appraisal Professionals help you lower your mortgage payment

When the amount being loaned to the homebuyer is more than 80% of the actual value of the property, almost all lenders ask home owners to buy an extra insurance plan. That policy is Private Mortgage Insurance, or PMI. Since the extra payment is usually lumped into the monthly mortgage payment, it is often forgotten. This is unfavorable because PMI isn't necessary when the remainder of the loan - whether through market appreciation or principal pay down - decreases below the 80% level. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to eliminate the PMI payments when the loan-to-value ratio conditions have been met.

If you'd like to do away with PMI, Willamette Valley Appraisal Professionals will give you a statement regarding the value of your home. The cost of the home valuation can usually be recovered in just a few months because you'll no longer be paying the PMI.

Divorce settlement with less stress

A divorce is a particularly daunting ordeal for the parties involved, and it is often further complicated by the hard decision of who maintains the property. It's a good idea to get an appraisal from Willamette Valley Appraisal Professionals so both parties are entirely aware of the true market value of their house, regardless of the situation.

The parties will have a better 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 received a fair evaluation.

Settling an estate with peace of mind

The loss of 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. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the fullest degree of discretion.

Unlike wealthier individuals, most Americans don't have dedicated estate planners or executors to take care of these matters. A home or other property often makes up a disproportionate share of the total estate value, so understanding the true value of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've received an honest deal.

Relocating to or from Clackamas County?

We understand the headaches involved with an employee relocation. That's why we take great care in organizing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive attributes of their property, as well as information regarding any current sales or listings in their area that they want considered during our thorough process.

Sell your home quickly at the right price

Whether 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 better educated decision regarding your selling price. Unlike a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees aren't contingent upon the value we come up with, but rather they are based on our efforts to finish the appraisal.

On a daily basis, we determine the difference in value items like an additional bathroom or a kitchen remodel can make. Seeking 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 stay on the market.