Getting an appraisal from Ferraro Appraisal Service

To many, an appraisal just looks like another fee on the settlement sheet for a mortgage or refinance. Practically all lenders still want a local expert because the stakes are incredibly high, even though there are an increasing number of automated home valuation systems that might appear more prudent than an appraisal. But is securing a mortgage the only basis for getting an appraisal? Are there other instances when the services of a licensed, independent real estate professional could come in handy? You bet there are.


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Challenge your tax assessment in Douglas County

It's quite possible you're paying too much in property taxes if you live in an area where property values have declined. Property taxes are determined by a past assessment of your house, so if prices have gone down in your neighborhood, you can appeal your assessment and save money. An appraisal from Ferraro Appraisal Service is your best evidence when building your case. At Ferraro Appraisal Service, we're qualified to assist you in disputing your tax assessment.

How can you eliminate PMI to lower your mortgage payment?

When the amount being loaned to the home buyer is more than 80% of the actual value of the real estate, almost all lenders ask homebuyers to take out an additional insurance policy. That policy is Private Mortgage Insurance, or PMI. This additional payment is often folded into the monthly mortgage payment and is quickly forgotten. This is bad because PMI becomes unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - goes below the 80% level. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress requiring lenders to do away with the PMI installments on most mortgages when the balance is paid down to 78% of the original value.

Ferraro Appraisal Service will produce a statement regarding the value of your home, and the expense of the home valuation can generally be recovered in just a few months because you'll no longer be paying the PMI.

Divorce settlement with less stress

A divorce is often complicated by the difficult decision of who maintains the property, and it can be an especially heartbreaking occurrence for both parties. It's a good idea to order an appraisal from Ferraro Appraisal Service so both parties are fully aware of the true market value of their house, regardless of the circumstances.

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.

Accurate and fair estate liquidation with help from Ferraro Appraisal ServiceSettling 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 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 wealthier individuals, most Americans don't have dedicated estate planners or executors to handle these matters. And seeing that a home or other property often makes up a disproportionate share of the total estate value, knowing the true value of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've received an honest deal.

Let Ferraro Appraisal Service assist you in relocating to or from Douglas County

Employee relocation can be a stressful event. We know where you're coming from! That's why we take great care in establishing an accommodating appointment time for the appraisal inspection. During our thorough process, we encourage employees that are moving to provide input on the positive features of their property, along with information about any recent sales or listings in their area that they want considered.

Let Ferraro Appraisal Service help you sell your home quickly at the right price

A professional appraisal can help you make a better educated decision regarding your asking price, whether you want to sell your home on your own or use the assistance of a real estate agent. Unlike a real estate agent, an appraiser has no vested interest in what price the house sells for. The price we charge isn't contingent upon the value we report, but rather they rest on our efforts to finish the appraisal.

On a daily basis, we determine the difference in value items like an extra bathroom or a kitchen remodel can make. Getting 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 - because we're experts in knowing how long properties are one the market.