Let O'Neil & Company Appraisal Service serve your appraisal needs
Year after year, thousands of people in Colorado buy, sell or refinance their home. Most of these transactions include a simple line item for an appraisal. Most lenders still need a local expert because the stakes are so high, even though there are a developing number of automated home valuation methods that may appear to be more economical than an appraisal. You might believe that getting a mortgage is the only reason you should get an appraisal, but there are other instances when the services of a licensed, independent real estate professional could be helpful.
Challenge your tax assessment in Northeastern Colorado
If you are in an area where property values have declined, it's possible you're paying too much in property taxes. An appraisal from O'Neil & Company Appraisal Service is your best evidence when building your case. We're qualified to assist you in disputing your tax assessment.
PMI removal to reduce your mortgage payment
When the amount being loaned to the homeowneris more than 80% of the actual value of the property, many lenders ask homeowners to take out this additional insurance policy. That policy is Private Mortgage Insurance, or PMI. Since the additional payment is usually lumped 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 - goes below the 80% level, making this very unfortunate. 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 installments when the loan-to-value ratio conditions have been met.
If you'd like to eliminate PMI, O'Neil & Company Appraisal Service can produce a statement regarding the value of your home. The expense of the home valuation can generally be offset in a short amount of time because you'll no longer be paying the PMI.
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Settle a divorce with less stress
A divorce is often complicated by the burdensome decision of who maintains the house, and it can be a particularly traumatic experience for both parties. So both parties are fully aware of the true market value of their property, it's a good idea to order an appraisal from O'Neil & Company Appraisal Service, regardless of the situation.
The parties will have a a good idea of what price to set, if they want to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've gotten a fair assessment.
Accurate and fair estate liquidation
The loss of a loved one is a painful time in life, and settling an estate from a death, or probate, often requires an appraisal to establish Fair 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).
Unlike many wealthy individuals, most Americans don't have dedicated estate planners or executors to handle these issues. And seeing that a home or other property often makes up an unequal share of the total estate value, understanding the true worth of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've gotten a fair deal.
Move to or from Morgan County through an employee relocation program
Employee relocation is a stressful event, and we understand. That being said, we take great care in establishing a convenient appointment time for the appraisal inspection. During our detailed inspection, we recommend relocating employees to provide remarks on the positive attributes of their property, along with information regarding any recent sales or listings in their area that they want considered.
Sell your home promptly — at an accurate price
Whether you decide 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 selling price. Apart from a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees are based on our efforts to complete the appraisal report and and aren't related to the sales price.
On a daily basis, we examine the difference in value items like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long housesare on the market. So, obtaining a professional appraisal is a trusted 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 an unnecessarily long time.