Ordering an appraisal from Abrams Appraisal (440) 724-1678

To a lot of people, an appraisal just looks like one more thing on the settlement sheet for a mortgage or refinance. And while there are a growing number of automated home valuation processes that might appear to be more cost-effective than an appraisal, practically all lenders still want a local expert because the stakes are incredibly high. But is getting a mortgage the only reason to acquire an appraisal? Are there also instances when the services of a licensed, independent real estate professional might be beneficial? Absolutely.

If you're planning on any transaction where the value of your real estate is a factor, just contact Abrams Appraisal (440) 724-1678. Just click here.

Let Abrams Appraisal (440) 724-1678 help you challenge your tax assessment in Cuyahoga County

It's likely you're paying too much in property taxes if you reside in an area where property values have declined. Property taxes are determined by a previous assessment of your real estate, so if prices are less than what they used to be in your neighborhood, you can appeal your assessment and save money. An appraisal from Abrams Appraisal (440) 724-1678 is your best evidence when building your case. At Abrams Appraisal (440) 724-1678, we're equipped to assist you in appealing your tax assessment.

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

When the amount being loaned to the home owner is more than 80% of the actual value of the home, many lenders ask home buyers to take out an additional insurance plan. That policy is Private Mortgage Insurance, or PMI. This added payment is often folded into the monthly mortgage payment and is quickly forgotten. This is unfavorable because PMI is no longer required when the remainder 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 dismiss the PMI installments on most mortgages when the balance is paid down to 78% of the original value.

If you'd like to get rid of PMI, Abrams Appraisal (440) 724-1678 can produce a statement regarding the value of your home. The price you paid for the appraisal can usually be recovered in little time because you'll no longer be paying the PMI.

Settling a divorce with less stress

A divorce is often complicated by the difficult decision of who gets the home, and it can be a very heartbreaking ordeal for both parties. So both parties are entirely aware of the true market value of their house, it's a good idea to get an appraisal from Abrams Appraisal (440) 724-1678, regardless of the circumstances.

If the parties need 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 Abrams Appraisal (440) 724-1678Settling an estate

The death 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 do not have dedicated estate planners or executors to manage these affairs. And since a home or other property often makes up an uneven share of the total estate value, knowing the certain value of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've gotten a fair deal.

Abrams Appraisal (440) 724-1678 can help you with relocating to or from Cuyahoga County

We are aware of the stress involved with an employee relocation. That being said, we take great care in organizing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive aspects of their property, along with information regarding any recent sales or listings in their area that they want considered during our detailed process.

Don't sell out short or keep your home on the market too long.

A professional appraisal will help you make a better educated decision regarding your asking price, whether you choose to sell your home on your own or use the assistance of a real estate agent. An appraiser has no vested interest in what price the house sells for, which is different than the interest of real estate agents. Our fees are based on our efforts to complete the appraisal report and not a percentage of the sales price.

We analyze 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 homes stay on the market. So, getting a professional appraisal is a trusted way to determine what improvements will add value and what an appropriate sales price is for your home so you don't come up short or have your house on the market an unnecessarily long time.