Why get an appraisal from O'neil Appraisal Services LLC (804) 929-0026?Every year, thousands of people in Virginia buy, sell or refinance their home. A lot of these transactions consist of a simple line item for an appraisal. And while there are an increasing number of automated home valuation methods that might appear more prudent than an appraisal, nearly all lenders still call for a local expert because the stakes are incredibly high. You might think that securing a mortgage is the only reason you should get an appraisal, but there are more situations when the services of a licensed, independent real estate professional could be helpful.
Challenge your tax assessment in Powhatan CountyIt's probable you're paying too much in property taxes if you live in an area where property values have depreciated. Ad Valorem taxes are based upon a previous assessment of your real estate, so if prices are less than what they used to be in your neighborhood, you can appeal your assessment and save money. An appraisal from O'neil Appraisal Services LLC (804) 929-0026 is your best evidence when building your case. We're equipped to assist you in challenging your tax assessment.
O'neil Appraisal Services LLC (804) 929-0026 can help you eliminate PMI to lower your mortgage paymentWhen the amount being loaned to the buyer is more than 80% of the actual value of the property, almost all lenders ask homebuyers to take out an extra insurance plan. That policy is Private Mortgage Insurance, or PMI. Since the extra payment is usually bundled into the monthly mortgage payment, it is often forgotten. PMI isn't required when the leftover balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% level, making this very unfavorable. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to eliminate the PMI installments when the loan-to-value ratio conditions have been met.
O'neil Appraisal Services LLC (804) 929-0026 will produce a statement regarding the value of your home, and the cost of the appraisal can usually be recovered in just a few months because you'll no longer be paying the PMI.
An appraisal from O'neil Appraisal Services LLC (804) 929-0026 will help you settle a divorce with less stressA divorce is a particularly heartbreaking ordeal for the parties involved, and it is often more complicated by the challenging decision of who keeps the house. It's a good idea to get an appraisal from O'neil Appraisal Services LLC (804) 929-0026 so both parties are completely aware of the true market value of their property, regardless of the circumstances.
The parties will have a good idea of what price to set, if they want to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair assessment.
Fair and accurate estate liquidation with help from O'neil Appraisal Services LLC (804) 929-0026Settling an estateLosing a loved one is a difficult time in life, and settling an estate from a death, or probate, often requires 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).
Unlike many wealthy individuals, most Americans do not have dedicated estate planners or executors to manage these matters. A home or other property often makes up a disproportionate 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 O'neil Appraisal Services LLC (804) 929-0026 help you with relocating to or from Powhatan CountyWe understand the stress associated with an employee relocation. That being said, we take great care in organizing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive attributes of their property, along with information regarding any new sales or listings in their area that they want considered during our detailed process.
Don't sell out short or keep your home on the market too long.A professional appraisal will help you make a better educated decision regarding your selling price, whether you choose to sell your home on your own or use the assistance 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 related to the sales price, but rather they depend on our efforts to complete the appraisal.
On a daily basis, we examine the difference in value things like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long properties stay on the market. So, getting a professional appraisal is a trusted way to determine 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.