Why would you need an appraisal from Genesis Appraisal Services?

Thousands of people in Ohio purchase, sell or refinance their home every month. Many of these transactions involve a simple line item for an appraisal. The majority of lenders still need a local expert because the stakes are so high, even though there are a developing number of automated home valuation systems that might appear cheaper than an appraisal. But is getting a mortgage the only basis for getting an appraisal? Are there additional cases when the services of a licensed, independent real estate professional might be beneficial? Absolutely.

For real estate appraisals in Dayton and Montgomery County, it's easiest when your order online from Genesis Appraisal Services, just click here.

Dispute your tax assessment in Montgomery County

If you reside in an area where the value of property has depreciated, it's possible you're paying too much in property taxes. When building your case, an appraisal from Genesis Appraisal Services is your best evidence. At Genesis Appraisal Services, we're capable of assisting you in appealing your tax assessment.

PMI removal will lower your mortgage payment

Private Mortgage Insurance, or PMI, is an added insurance policy that most lenders ask home owners to buy when the amount being loaned to the homebuyer is more than 80% of the actual value of the real estate. More often than not, this extra payment is bundled into the monthly mortgage payment and is promptly forgotten. This is unfavorable because PMI becomes unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% level. 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.

If you'd like to get rid of PMI, Genesis Appraisal Services will produce a statement regarding the value of your home. The price you paid for the home valuation can often be recovered in a short amount of time because you'll no longer be paying the PMI.

Divorce settlement with less stress

A divorce is an especially traumatic experience for the parties involved, and it is often even more complicated by the challenging decision of who keeps the home. Regardless of the circumstances, it's a good idea to order an appraisal from Genesis Appraisal Services so both parties are completely aware of the true market value of their home.

The parties will have a better idea of what price to set, if they wish to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair assessment.

Settling an estate with peace of mind

The death of a loved one is a difficult time in life, and settling an estate from a death, or probate, often entails 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, ensuring the fullest degree of discretion.

Unlike wealthy individuals, most Americans don't have dedicated estate planners or executors to take care of these affairs. A home or other property often makes up an unequal share of the total estate value, so understanding the true value of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've gotten a fair deal.

Relocating to or from Montgomery County

Moving due to a job change can be a real pain, and we understand. That being said, we take great care in organizing a convenient appointment time for the appraisal inspection. During our detailed process, we recommend relocating employees to provide input on the positive attributes of their property, along with information regarding any new sales or listings in their area that they want considered.

Selling your home quickly at the right price

Whether you decide to sell your home on your own or with the help of a real estate agent, a professional appraisal can help you make a more informed decision regarding your selling price. An appraiser has no vested interest in what price the house sells for, unlike real estate agents. Our fees are calculated on our efforts to finish the appraisal report and and aren't related to the sales price.

On a daily basis, we examine the difference in value things like an additional bathroom or a kitchen remodel can make. And we're experts in knowing how long homes stay on the market. So, seeking 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 for an extended amount of time.