There are lots of reasons people call on Sax & Associates, Inc.Thousands of people in Oregon buy, sell or refinance their home each year. A lot of these transactions include a simple line item for an appraisal. And while there are a developing number of automated home valuation methods that may appear more economical than an appraisal, practically all lenders still call for a local expert because the stakes are so high. But is securing a mortgage the only reason to acquire an appraisal? Are there other situations when the services of a licensed, independent real estate professional might be beneficial? Of course.
Challenge your tax assessment in Washington CountyIt's quite 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 previous assessment of your house, so if values have gone down in your area, you can challenge your assessment and save money. An appraisal from Sax & Associates, Inc. is your best evidence when building your case. At Sax & Associates, Inc.,we can assist you in appealing your tax assessment.
Getting rid of your PMI will lower your mortgage paymentPrivate Mortgage Insurance, or PMI, is an extra insurance plan that almost all lenders ask homeowners to buy when the amount being loaned to the homebuyer is more than 80% of the actual value of the real estate. Seeing that extra payment is usually bundled into the monthly mortgage payment, it is often 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% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress that requires lenders to do away with the PMI installments when the balance is paid down to 78% of the original value.
Sax & Associates, Inc. can provide you with a statement regarding the value of your home, and the cost of the home valuation can usually be offset in little time because you'll no longer be paying the PMI.
Settling a divorce with less stress with an appraisal from Sax & Associates, Inc.A divorce is a particularly daunting event for the parties involved, and it is often more complicated by the challenging decision of who maintains the home. So both parties are entirely aware of the true market value of their home, it's a good idea to order an appraisal from Sax & Associates, Inc., regardless of the circumstances.
If the parties wish to sell the home, they'll have a a good idea of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.
Settling an estate with peace of mindThe loss 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. We guarantee the maximum degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Most Americans do not have dedicated estate planners or executors to manage these issues, unlike many wealthy individuals. A home or other property often makes up an uneven share of the total estate value, so knowing the true value of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've received a fair deal.
Sax & Associates, Inc. can assist you in relocating to or from Washington CountyWe understand the headaches involved with an employee relocation. We take great care in setting up a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive attributes of their property, along with information regarding any recent sales or listings in their neighborhood that they want considered during our thorough process.
Selling your home quickly at the right price with an appraisal from Sax & Associates, Inc.A professional appraisal will help you make a more informed decision when determining your selling price, whether you decide to sell your home on your own or with the help of a real estate agent. Unlike a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees depend on our efforts to complete the appraisal report and and aren't related to the sales price.
On a daily basis, we determine the difference in value things like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long properties stay on the market. So, 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 for an extended amount of time.