Why you should hire an appraiserTo many, an appraisal just looks like another cost in the long list of items for a mortgage or refinance. And while there are an increasing number of automated home valuation processes that may seem more economical than an appraisal, nearly all lenders still want a local expert because the stakes are so high. Is obtaining a mortgage the only basis for getting an appraisal? Are there also cases when the services of a licensed, independent real estate professional could be beneficial? Of course. 
Challenge your tax assessment in Northern VirginiaIt's likely you're paying too much in property taxes if you live in an area where property values have depreciated. Property taxes are determined by a past assessment of your real estate, so if values have declined in your neighborhood, you can appeal your assessment and save money. An appraisal from Warrenton Appraisal Group is your best evidence when building your case. At Warrenton Appraisal Group, we're capable of assisting you in appealing your tax assessment. Remove PMI to lower your mortgage paymentWhen the amount being loaned to the homeowneris more than 80% of the actual value of the home, almost all lenders ask homebuyers to buy this additional insurance plan. That policy is Private Mortgage Insurance, or PMI. Since the extra payment is usually folded into the monthly mortgage payment, it is often forgotten. This is unfortunate because PMI is unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - dips below the 80% level. In fact, the United States Congress implemented 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. Warrenton Appraisal Group can produce a statement regarding the value of your home, and the price you paid for the home valuation can often be offset in just a few months because you'll no longer be paying the PMI. Order your appraisal from Warrenton Appraisal Group today Order onlineSettle a divorce with less stressA divorce is a very horrible experience for the parties involved, and it is often more complicated by the difficult decision of who maintains the home. Regardless of the situation, it's a good idea to order an appraisal from Warrenton Appraisal Group so both parties are entirely 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 if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment. Fair and accurate estate liquidationLosing a loved one is a hard time in life, and settling an estate from a death, or probate, often calls for an appraisal to establish Fair Market Value for the residential property involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the highest degree of discretion. Unlike many wealthy individuals, most Americans do not have dedicated estate planners or executors to take care of these affairs. A home or other property often makes up an unequal share of the total estate value, so understanding the true value of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've gotten an honest deal. Relocate to or from Fauquier County through an employee relocation programWe are aware of the stress involved with an employee relocation. That's why we take great care in establishing a convenient appointment time for the appraisal inspection. During our thorough inspection, we suggest relocating employees to provide remarks on the positive aspects of their property, along with information about any current sales or listings in their neighborhood that they want considered. Sell your home promptly — at the right priceWhether you choose to sell your home on your own or with the help of a real estate agent, a professional appraisal can help you make a better educated decision regarding your selling price. An appraiser has no vested interest in what price the house sells for, unlike 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 extra bathroom or a kitchen remodel can make on a daily basis. Obtaining a professional appraisal is a trusted way to determine 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, because we're experts in knowing how long houses stay on the market. 
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