There are lots of reasons people call on Hickmon Realty, Inc.Thousands of people in Oklahoma purchase, sell or refinance their home each month. A lot of these transactions have a simple line item for an appraisal. Almost all lenders still need a local expert because the stakes are so high, even though there are a growing number of automated home valuation systems that might appear more cost-effective than an appraisal. You might assume that securing a mortgage is the only reason to get an appraisal, but there are additional situations when the services of a licensed, independent real estate professional could come in handy.
Dispute your tax assessment in CountyIt's possible you're paying too much in property taxes if you reside in an area where property values have declined. Ad Valorem taxes are based upon a previous assessment of your real estate, so if prices are less than what they used to be in your neighborhood, you can challenge your assessment and save money. When building your case, an appraisal from Hickmon Realty, Inc. is your best evidence. At Hickmon Realty, Inc., we're equipped to assist you in disputing your tax assessment.
PMI removal to lower your mortgage paymentWhen the amount being loaned to the homebuyer is more than 80% of the actual value of the home, many lenders ask home owners to buy an added insurance policy. That policy is Private Mortgage Insurance, or PMI. Seeing that additional payment is usually folded into the monthly mortgage payment, it is often forgotten. PMI becomes unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - falls below the 80% level, making this very unfavorable. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to do away with the PMI payments when the loan-to-value ratio conditions have been met.
If you'd like to get rid of PMI, Hickmon Realty, Inc. will give you a statement regarding the value of your home. The price you paid for the appraisal can usually be regained in little time because you'll no longer be paying the PMI.
Settling a divorce with less stress with an appraisal from Hickmon Realty, Inc.A divorce can be a particularly traumatic ordeal for both parties, and it is often even more complicated by the hard decision of who gets the house. So both parties are entirely aware of the true market value of their house, it's a good idea to get an appraisal from Hickmon Realty, Inc., regardless of the circumstances.
If the parties wish to sell the home, they'll have a clearer picture of what price to set. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.
Trustworthy estate liquidationLosing a loved one is a hard time in life, and settling an estate from a death, or probate, often calls for 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.
Most Americans don't have dedicated estate planners or executors to take care of these issues, unlike many wealthy individuals. A home or other property often makes up an unequal share of the total estate value, so knowing the true value of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've received a fair deal.
Relocating to or from CountyWe are aware of the headaches involved with an employee relocation. That being said, we take great care in setting up an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive characteristics of their property, along with information regarding any recent sales or listings in their area that they want considered during our thorough process.
Sell your home quickly at the right priceA professional appraisal can help you make a more informed decision regarding your asking price, whether you choose to sell your home on your own or with the help of a real estate agent. Separate from a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees aren't contingent upon the value opinion we render, but rather they are calculated on our efforts to complete the appraisal.
We analyze the difference in value things like an extra bathroom or a kitchen remodel can make on a daily basis. Getting a professional appraisal is a trusted way to decide 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 stay on the market.