Reasons to order an appraisal from R.M. RoseEach year, thousands of people in Pennsylvania buy, sell or refinance their home. A lot of these transactions include a simple line item for an appraisal. While there are an increasing number of automated home valuation methods that may appear to be more prudent than an appraisal, the majority of lenders still call for a local expert because the stakes are incredibly high. Is securing a mortgage the only basis for getting an appraisal? Are there also cases when the services of a certified, independent real estate professional might come in handy? Of course. 
Appeal your tax assessmentIf you reside 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 us is your best evidence. At R.M. Rose, we're qualified to assist you in appealing your tax assessment. Getting rid of your PMI for mortgage paymentsWhen the amount being loaned to the homeowneris more than 80% of the actual value of the property, most lenders ask homeowners to buy this extra insurance policy. That policy is Private Mortgage Insurance, or PMI. Since the added payment is usually bundled into the monthly mortgage payment, it is often forgotten. PMI is no longer required when the leftover balance of the loan - whether through market appreciation or principal pay down - goes below the 80% mark, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was invoked by the United States Congress requiring lenders to remove the PMI payments when the loan-to-value ratio conditions have been met. If you'd like to get rid of PMI, R.M. Rose can provide you with a statement regarding the value of your home. The cost of the appraisal can generally be offset in a short amount of time because you'll no longer be paying the PMI. Order your appraisal from R.M. Rose today Order onlineGet a fair valuation on a home take make a divorce settlement less stressfulA divorce is a particularly horrible ordeal for the parties involved, and it is often more complicated by the burdensome decision of who keeps the property. Regardless of the situation, it's a good idea to get an appraisal from R.M. Rose so both parties are completely aware of the true market value of their house. 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. Ascertain an accurate and fair valuation for estate liquidationLosing a loved one is a difficult time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Fair Market Value for the real estate involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the utmost degree of discretion. Most Americans do not have dedicated estate planners or executors to manage these affairs, unlike wealthier individuals. And seeing that a home or other property often makes up a disproportionate share of the total estate value, understanding the true value of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've gotten a fair deal. Move to or from Montgomery County for workEmployee relocation is a stressful event, and we understand. We take great care in establishing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive features of their property, as well as information about any recent sales or listings in their neighborhood that they want considered during our thorough inspection. Close on your home promptly — at the right priceA professional appraisal will help you make a more informed decision regarding your selling price, whether you want to sell your home on your own or use the assistance of a real estate agent. An appraiser has no vested interest in what amount the house sells for, apart from real estate agents. Our fees aren't related to the sales price, but rather they are based on our efforts to finish the appraisal report. On a daily basis, we examine the difference in value items like an extra bathroom or a kitchen remodel can make. Obtaining 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, because we're experts in knowing how long houses are one the market. 
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