Reasons someone would hire Harmon Management GroupThousands of people in Delaware purchase, sell or refinance their home each month. Most of these transactions consist of a simple line item for an appraisal. The majority of lenders still call for a local expert because the stakes are incredibly high, even though there are a budding number of automated home valuation methods that may appear to be more prudent than an appraisal. But is securing a mortgage the only reason to acquire an appraisal? Are there additional situations when the services of a certified, independent real estate professional might be beneficial? Absolutely.
Dispute your tax assessment in New Castle CountyIf you live in an area where the value of property has declined, it's possible you're paying too much in property taxes. When building your case, an appraisal from Harmon Management Group is your best evidence. At Harmon Management Group,we can 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 homeowner is more than 80% of the actual value of the real estate, almost all lenders ask home buyers to purchase an supplemental insurance policy. That policy is Private Mortgage Insurance, or PMI. This extra payment is often bundled into the monthly mortgage payment and is soon forgotten. PMI becomes unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark, making this very unfortunate. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress that requires lenders to remove the PMI installments when the balance is paid down to 78% of the original value.
Harmon Management Group can produce a statement regarding the value of your home, and the expense of 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 with an appraisal from Harmon Management GroupA divorce is an especially heartbreaking ordeal for the parties involved, and it is often further complicated by the troublesome decision of who gets the house. So both parties are entirely aware of the true market value of their home, it's a good idea to order an appraisal from Harmon Management Group, regardless of the situation.
If the parties need to sell the home, they'll have a better 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.
Fair and accurate estate liquidationLosing 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 real estate involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the maximum degree of discretion.
Unlike many wealthy individuals, most Americans do not have dedicated estate planners or executors to manage these matters. And since a home or other property often makes up an uneven share of the total estate value, understanding 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.
Let Harmon Management Group help you with relocating to or from New Castle CountyWe are aware of the headaches associated with an employee relocation. That being said, 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 aspects of their property, along with information about any new sales or listings in their neighborhood that they want considered during our intensive process.
Don't sell out for too little or keep your home on the market too long.A professional appraisal can help you make a better educated 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. 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 contingent upon the value we come up with, but rather they rest on our efforts to complete the appraisal.
On a daily basis, we determine the difference in value items 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 reliable way to decide 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.