Reasons to hire an appraiserTo many, an appraisal just looks like a line item in the long list of items for a home purchase or refinance. 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 economical than an appraisal. Is obtaining a mortgage the only reason to get an appraisal? Are there additional cases when the services of a certified, independent real estate professional could be helpful? Of course there are. 
Contest your tax assessment in Franklin CountyIf you reside in an area where the property value has declined, it's possible you're paying too much in property taxes. An appraisal from CR&S Appraisal Services is your best evidence when building your case. We're capable of assisting you in appealing your tax assessment. PMI removal to lower a mortgage paymentWhen the amount being loaned to the home owneris more than 80% of the actual value of the home, nearly all lenders ask homebuyers to take out this supplemental insurance plan. That policy is Private Mortgage Insurance, or PMI. This extra payment is often lumped into the monthly mortgage payment and is soon forgotten. This is unfortunate because PMI is unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - falls below the 80% mark. 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 eliminate PMI, CR&S Appraisal Services will give you a statement regarding the value of your home. The cost of the appraisal can generally be recovered in little time because you'll no longer be paying the PMI. Order your appraisal from CR&S Appraisal Services today Order onlineSettle a divorce with less stressA divorce is often complicated by the difficult decision of who keeps the property, and it can be an especially traumatic event for both parties. It's a good idea to order an appraisal from CR&S Appraisal Services so both parties are entirely aware of the true market value of their home, regardless of the situation. The parties will have a better idea of what price to set, if they need to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation. Accurate and fair estate liquidationThe death of a loved one is a difficult time in life, and settling an estate from a death, or probate, often requires an appraisal to establish Fair Market Value for the residential property involved. We ensure the highest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP). Most Americans do not have dedicated estate planners or executors to manage these affairs, unlike many wealthy individuals. And seeing that a home or other property often makes up an unequal share of the total estate value, knowing the true value of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've gotten a fair deal. Move to or from Franklin County through an employee relocation programEmployee relocation is a stressful event, and we understand. That being said, we take great care in establishing an accommodating appointment time for the appraisal inspection. During our intensive inspection, we encourage relocating employees to provide remarks on the positive characteristics of their property, as well as information regarding any current sales or listings in their area that they want considered. Close on your home quickly — at the right priceA professional appraisal can help you make a better educated decision when determining your selling price, whether you want to sell your home on your own or with the help of a real estate agent. An appraiser has no vested interest in what price the house sells for, unlike real estate agents. Our fees depend on our efforts to finish the appraisal report and and aren't related to the sales price. On a daily basis, we determine the difference in value things like an additional bathroom or a kitchen remodel can make. And we're experts in knowing how long homesare on the market. So, obtaining 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. 
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