Reasons someone would need Wilson & AssociatesThousands of people in Maryland buy, sell or refinance their home every year. Most of these transactions involve a simple line item for an appraisal. And even though there are an increasing number of automated home valuation processes that may appear more cost-effective than an appraisal, the majority of lenders still need a local expert because the stakes are very high. You might believe that obtaining a mortgage is the only reason to acquire an appraisal, but there are more times when the services of a certified, independent real estate professional could be beneficial.
Appeal your tax assessment in Montgomery CountyIt's possible you're paying too much in property taxes if you reside in an area where property values have depreciated. Ad Valorem taxes are based upon a past assessment of your real estate, so if values have declined in your neighborhood, you can appeal your assessment and save money. An appraisal from Wilson & Associates is your best evidence when building your case. At Wilson & Associates,we can assist you in appealing your tax assessment.
Wilson & Associates can help you get rid of PMI to lower your mortgage paymentPrivate Mortgage Insurance, or PMI, is an extra insurance policy that nearly all lenders ask home owners to buy when the amount being loaned to the home buyer is more than 80% of the actual value of the home. More often than not, this additional payment is folded into the monthly mortgage payment and is promptly forgotten. This is bad because PMI is unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - decreases 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 payments when the loan-to-value ratio conditions have been met.
If you'd like to eliminate PMI, Wilson & Associates will provide you with a statement regarding the value of your home. The cost of the home valuation can usually be regained in a short amount of time because you'll no longer be paying the PMI.
Divorce settlement with less stressA divorce is often complicated by the strenuous decision of who maintains the property, and it can be an especially traumatic occurrence for both parties. So both parties are fully aware of the true market value of their property, it's a good idea to order an appraisal from Wilson & Associates, regardless of the circumstances.
If the parties want to sell the home, they'll have a clearer picture of what price to set. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation.
Accurate and fair estate liquidationThe 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 ensure the highest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Unlike wealthy individuals, most Americans don't have dedicated estate planners or executors to handle these affairs. A home or other property often makes up an unequal share of the total estate value, so knowing the true value of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've received a fair deal.
Let Wilson & Associates help you with relocating to or from Montgomery CountyEmployee relocation can be a more than just an inconvenience. We know where you're coming from! We take great care in establishing a convenient appointment time for the appraisal inspection. During our detailed process, we encourage relocating employees to provide input on the positive characteristics of their property, as well as information about any current sales or listings in their area that they want considered.
Don't sell out for too little or keep your home on the market too long.A professional appraisal will help you make a more informed decision when determining your asking price, whether you choose to sell your home on your own or use the assistance of a real estate agent. With much different interests than a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees aren't a percentage of the sales price, but rather they are calculated on our efforts to complete the appraisal.
We determine the difference in value things like an extra bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long properties are on the market. So, obtaining a professional appraisal is a reliable way to decide what improvements will add value and what an applicable sales price is for your home so you don't come up short or have your house on the market too long, costing you hassle and money.