Reasons to get an appraisal

Thousands of people in Oregon buy, sell or refinance their home every month. A lot of these transactions have a simple line item for an appraisal. And even though there are a growing number of automated home valuation processes that may seem more practical than an appraisal, practically all lenders still need a local expert because the stakes are incredibly high. You might assume that obtaining a mortgage is the only reason to get an appraisal, but there are other cases when the services of a certified, independent real estate professional might come in handy.

Let Willamette Valley Appraisal Professionals help you lower your mortgage payment

Challenge your tax assessment in Clackamas County

It's quite possible you're paying too much in property taxes if you live in an area where property values have depreciated. Ad Valorem taxes are based upon a past assessment of your home, so if prices are less than what they used to be in your area, you can appeal your assessment and save money. When building your case, an appraisal from us is your best evidence. At Willamette Valley Appraisal Professionals, we're capable of assisting you in challenging your tax assessment.

Eliminate PMI to lower your mortgage payment

Private Mortgage Insurance, or PMI, is an extra insurance policy that most lenders ask homeowners to purchase when the amount being loaned to the homeowner is more than 80% of the actual value of the home. More often than not, this added payment is lumped into the monthly mortgage payment and is promptly forgotten. PMI is no longer required when the remainder of the loan - whether through market appreciation or principal pay down - goes below the 80% mark, making this very unfavorable. In fact, the United States Congress implemented 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 price you paid for the appraisal can often be regained in little time because you'll no longer be paying the PMI.

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Divorce settlement with fewer hang-ups

A divorce is often complicated by the burdensome decision of who gets the home, and it can be an especially traumatic occurrence for both parties. So both parties are entirely aware of the true market value of their home, it's a good idea to order an appraisal from Willamette Valley Appraisal Professionals, regardless of the situation.

If the parties wish to sell the home, they'll have a a good idea of what price to set. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.

Fair and accurate estate liquidation

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 Fair 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 utmost degree of discretion.

Unlike many wealthy individuals, most Americans don't have dedicated estate planners or executors to take care of these issues. And since a home or other property often makes up a disproportionate share of the total estate value, knowing the true value of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've received a fair deal.

Move to or from Clackamas County through an employee relocation program

We are aware of 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 features of their property, along with information regarding any recent sales or listings in their area that they want considered during our detailed inspection.

Sell your home promptly — for the right price

Whether 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, unlike real estate agents. Our fees aren't a percentage of the sales price, but rather they depend on our efforts to complete the appraisal report.

We analyze the difference in value items like an extra bathroom or a kitchen remodel can make on a daily basis. Obtaining a professional appraisal is a trusted 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 properties stay on the market.

Let Willamette Valley Appraisal Professionals assist you in selling your home quickly at the right price