Reasons to order an appraisal from C. Patrick McAllister Associates, Inc.

To a lot of people, an appraisal just looks like a line item on the break-sheet for a mortgage or refinance. Almost all lenders still call in a local expert because the stakes are so high, even though there are a multiplying number of automated home valuation systems that may appear more economical than an appraisal. But is obtaining a mortgage the only reason to get an appraisal? Are there also times when the services of a licensed, independent real estate professional might be beneficial? Of course there are.


	When you're planning on any transaction where the value of your real estate is a factor, just contact C. Patrick McAllister Associates, Inc.. Just click here

Appeal your tax assessment in Ross County

It's possible you're paying too much in property taxes if you live in an area where property values have depreciated. Property taxes are based upon a past assessment of your house, so if values are less than what they used to be in your neighborhood, you can challenge your assessment and save money. An appraisal from C. Patrick McAllister Associates, Inc. is your best evidence when building your case. At C. Patrick McAllister Associates, Inc.,we can assist you in disputing your tax assessment.

How can you do away with PMI to lower your mortgage payment?

Private Mortgage Insurance, or PMI, is an additional insurance policy that nearly all lenders ask homeowners to purchase when the amount being loaned to the homebuyer is more than 80% of the actual value of the real estate. Most often, this added payment is lumped into the monthly mortgage payment and is quickly forgotten. This is unfavorable because PMI becomes unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - dips below the 80% level. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to do away with the PMI installments when the loan-to-value ratio conditions have been met.

If you'd like to eliminate PMI, C. Patrick McAllister Associates, Inc. can produce a statement regarding the value of your home. The price you paid for the appraisal can usually be recovered in a short amount of time because you'll no longer be paying the PMI.

Settling a divorce with less stress

A divorce is a particularly daunting experience for the parties involved, and it is often more complicated by the hard decision of who keeps the home. Regardless of the circumstances, it's prudent to order an appraisal from C. Patrick McAllister Associates, Inc. so both parties are completely aware of the true market value of their home.

The parties will have a better idea of what price to set, if they need to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've gotten a fair assessment.

Fair and accurate estate liquidation with help from C. Patrick McAllister Associates, Inc.Settling an estate

The death of a loved one is a painful 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. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the maximum degree of discretion.

Most Americans do not have dedicated estate planners or executors to take care of these affairs, unlike many wealthy individuals. And seeing that a home or other property often makes up a disproportionate share of the total estate value, understanding the correct value of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've gotten a fair deal.

Relocating to or from Ross County?

We understand the headaches involved with an employee relocation. That's why we take great care in establishing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive characteristics of their property, along with information about any new sales or listings in their area that they want considered during our intensive process.

Sell your home quickly at the right price

A professional appraisal will help you make a better educated decision when determining your asking price, whether you decide to sell your home on your own or use the assistance of a real estate agent. An appraiser has no vested interest in what amount 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.

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