Reasons someone would use the services of Turner and Gerwitz Appraisals, LLC

Thousands of people in Virginia buy, sell or refinance their home every month. Many of these transactions involve a simple line item for an appraisal. And even though there are a growing number of automated home valuation processes that may seem less expensive than an appraisal, nearly all lenders still call for a local expert because the stakes are so high. But is obtaining a mortgage the only reason you should get an appraisal? Are there additional instances when the services of a licensed, independent real estate professional might be helpful? You bet.

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Let Turner and Gerwitz Appraisals, LLC help you challenge your tax assessment in County

It's probable you're paying too much in property taxes if you reside in an area where property values have depreciated. Ad Valorem taxes are based upon a previous assessment of your house, so if values have declined in your area, you can appeal your assessment and save money. When building your case, an appraisal from Turner and Gerwitz Appraisals, LLC is your best evidence. At Turner and Gerwitz Appraisals, LLC,we can assist you in appealing your tax assessment.

PMI removal to lower your mortgage payment

Private Mortgage Insurance, or PMI, is an additional insurance plan that many lenders ask homeowners to buy when the amount being loaned to the home owner is more than 80% of the actual value of the real estate. Most often, this extra payment is lumped into the monthly mortgage payment and is quickly forgotten. PMI is no longer required when the remaining balance of the loan - whether through market appreciation or principal pay down - dips below the 80% level, making this very unfortunate. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress that requires lenders to dismiss the PMI installments on most mortgages when the balance is paid down to 78% of the original value.

If you'd like to do away with PMI, Turner and Gerwitz Appraisals, LLC can produce a statement regarding the value of your home. The cost of the appraisal can often be offset in a short amount of time because you'll no longer be paying the PMI.

An appraisal from Turner and Gerwitz Appraisals, LLC will help you settle a divorce with less stress

A divorce can be a very traumatic event for both parties, and it is often even more complicated by the strenuous decision of who keeps the property. So both parties are completely aware of the true market value of their property, it's a good idea to get an appraisal from Turner and Gerwitz Appraisals, LLC, regardless of the circumstances.

If the parties need to sell the home, they'll have a a good idea of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation.

Fair and accurate estate liquidation

Losing 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. We ensure the fullest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).

Most Americans don't have dedicated estate planners or executors to handle these matters, unlike wealthier individuals. And since a home or other property often makes up an uneven share of the total estate value, understanding the correct value of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've received a fair deal.

Turner and Gerwitz Appraisals, LLC can help you with relocating to or from County

Moving due to a job change can be a more than just an inconvenience, and we understand. That's why we take great care in setting up a convenient appointment time for the appraisal inspection. During our detailed process, we encourage employees that are moving to provide feedback on the positive features of their property, as well as information regarding any recent sales or listings in their neighborhood that they want considered.

Sell your home quickly at the right price with an appraisal from Turner and Gerwitz Appraisals, LLC

A 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 price the house sells for, unlike real estate agents. Our fees aren't related to the sales price, but rather they are calculated on our efforts to finish the appraisal.

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 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 properties are one the market.