Getting an appraisal from Bearing Commercial AppraisalThousands of people in Colorado purchase, sell or refinance their home every month. Many of these transactions consist of a simple line item for an appraisal. Most lenders still call in a local expert because the stakes are incredibly high, even though there are an increasing number of automated home valuation systems that might seem cheaper than an appraisal. You might assume that obtaining a mortgage is the only reason to acquire an appraisal, but there are more situations when the services of a certified, independent real estate professional could come in handy.
Challenge your tax assessment in El Paso CountyIf you live in an area where property values have depreciated, it's possible you're paying too much in property taxes. When building your case, an appraisal from Bearing Commercial Appraisal is your best evidence. We're capable of assisting you in appealing your tax assessment.
Let Bearing Commercial Appraisal assist you in lowering your mortgage paymentPrivate Mortgage Insurance, or PMI, is an additional insurance policy that most lenders ask homeowners to purchase when the amount being loaned to the buyer is more than 80% of the actual value of the home. Since the additional payment is usually lumped into the monthly mortgage payment, it is often forgotten. This is damaging because PMI is no longer required when the remainder of the loan - whether through market appreciation or principal pay down - falls below the 80% level. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to eliminate the PMI installments when the loan-to-value ratio conditions have been met.
If you'd like to eliminate PMI, Bearing Commercial Appraisal will give you a statement regarding the value of your home. The price you paid for the appraisal can often be regained in little time because you'll no longer be paying the PMI.
Divorce settlement with less stressA divorce is often complicated by the difficult decision of who maintains the house, and it can be a very heartbreaking ordeal for both parties. Regardless of the circumstances, it's wise to get an appraisal from Bearing Commercial Appraisal so both parties are entirely aware of the true market value of their house.
If the parties wish to sell the home, they'll have a better idea 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.
Accurate and fair estate liquidation with help from Bearing Commercial AppraisalSettling an estateThe death of a loved one is a painful 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, guaranteeing the fullest degree of discretion.
Unlike wealthy individuals, most Americans do not have dedicated estate planners or executors to take care of these affairs. And since a home or other property often makes up an uneven share of the total estate value, understanding 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 El Paso County?Employee relocation is a real pain, and we understand. We take great care in setting up an accommodating appointment time for the appraisal inspection. During our detailed process, we encourage employees that are moving to provide remarks on the positive features of their property, as well as information regarding any new sales or listings in their neighborhood that they want considered.
Let Bearing Commercial Appraisal assist you in selling your home quickly at the right priceA professional appraisal can help you make a more informed decision regarding your asking price, whether you decide to sell your home on your own or with the help of a real estate agent. Unlike 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 depend on our efforts to finish the appraisal.
On a daily basis, we analyze the difference in value items like an additional bathroom or a kitchen remodel can make. And we're experts in knowing how long homes are on the market. So, obtaining a professional appraisal is a trusted way to determine 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.