Bohem Associates in Downingtown do appraisals for numerous purposesTo many, an appraisal just looks like another cost in the long list of items for a mortgage or refinance. Practically all lenders still call for a local expert because the stakes are very high, even though there are a growing number of automated home valuation processes that may appear cheaper than an appraisal. You might assume that obtaining a mortgage is the only reason you should get an appraisal, but there are more times when the services of a licensed, independent real estate professional might come in handy.
Let Bohem Associates help you dispute your tax assessment in Chester CountyIt's possible 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 home, so if values are less than what they used to be in your neighborhood, you can appeal your assessment and save money. An appraisal from Bohem Associates is your best evidence when building your case. At Bohem Associates, we're equipped to assist you in challenging your tax assessment.
PMI removal will lower your mortgage paymentPrivate Mortgage Insurance, or PMI, is an extra insurance policy that most lenders ask buyers to buy when the amount being loaned to the homeowner is more than 80% of the actual value of the property. This extra payment is often 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% mark, making this very unfortunate. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to do away with the PMI installments when the loan-to-value ratio conditions have been met.
Bohem Associates can give you a statement regarding the value of your home, and the expense of the home valuation can usually be offset in a short amount of time because you'll no longer be paying the PMI.
Divorce settlement with less stressA divorce is a particularly traumatic experience for the parties involved, and it is often even more complicated by the strenuous decision of who maintains the house. Regardless of the situation, it's prudent to get an appraisal from Bohem Associates so both parties are fully aware of the true market value of their home.
If the parties want 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 gotten a fair evaluation.
Fair and accurate estate liquidation with Bohem AssociatesSettling an estateLosing 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 residential property 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 matters, 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 significant importance to ensuring disputing parties leave knowing they've received a fair deal.
Let Bohem Associates assist you in relocating to or from Chester CountyMoving due to a job change is a real pain. We know where you're coming from! We take great care in establishing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive attributes of their property, along with information regarding any new sales or listings in their neighborhood that they want considered during our thorough process.
Let Bohem Associates help you sell your home quickly at the right priceWhether you want to sell your home on your own or use the assistance of a real estate agent, a professional appraisal can help you make a better educated decision when determining your asking price. An appraiser has no vested interest in what amount the house sells for, which is different than the interest of real estate agents. Our fees are based on our efforts to complete the appraisal report and and aren't related to the sales price.
We analyze the difference in value things like an additional bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long homes stay on the market. So, seeking a professional appraisal is a reliable way to decide what improvements will add value and what an applicable sales price is for your home so you don't come up short or have your house on the market too long, costing you time and money.