Reasons someone would hire Taos Appraisals, Inc

To a lot of us, an appraisal is simply a line item in the long list of items for a home purchase or refinance. Practically all lenders still call for a local expert because the stakes are very high, even though there are a budding number of automated home valuation systems that may appear cheaper than an appraisal. But is securing a mortgage the only basis for getting an appraisal? Are there more instances when the services of a certified, independent real estate professional might be beneficial? Of course there are.


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Let Taos Appraisals, Inc help you dispute your tax assessment in Taos County

If you live in an area where property values have declined, it's possible you're paying too much in property taxes. An appraisal from Taos Appraisals, Inc is your best evidence when building your case. At Taos Appraisals, Inc, we're capable of assisting you in appealing your tax assessment.

How can you get rid of PMI to lower your mortgage payment?

When the amount being loaned to the homeowner is more than 80% of the actual value of the home, many lenders ask homebuyers to take out an supplemental insurance plan. That policy is Private Mortgage Insurance, or PMI. More often than not, this extra payment is lumped into the monthly mortgage payment and is promptly forgotten. This is unfavorable because PMI is unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - goes 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, Taos Appraisals, Inc can give you a statement regarding the value of your home. The cost of the appraisal can often be offset in just a few months because you'll no longer be paying the PMI.

Divorce settlement with less stress

A divorce can be a very daunting experience for both parties, and it is often more complicated by the challenging decision of who gets the home. Regardless of the situation, it's wise to get an appraisal from Taos Appraisals, Inc so both parties are completely aware of the true market value of their property.

If the parties want to sell the home, they'll have a clearer picture of what price to set. And 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 Taos Appraisals, IncSettling an estate

The death of a loved one is a hard time in life, and settling an estate from a death, or probate, often entails 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 utmost degree of discretion.

Unlike wealthy individuals, most Americans do not have dedicated estate planners or executors to handle these matters. And since a home or other property often makes up an unequal share of the total estate value, understanding the absolute value of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've received an honest deal.

Taos Appraisals, Inc can help you with relocating to or from Taos County

We are familiar with the stress 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 remarks on the positive aspects of their property, along with information regarding any new sales or listings in their area that they want considered during our detailed process.

Sell your home quickly at 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 will help you make a better educated decision when determining your asking price. With much different interests than a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees are based on our efforts to complete the appraisal report and and aren't related to the sales price.

We determine the difference in value things like an additional bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long houses stay on the market. So, getting a professional appraisal is a trusted 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.