Reasons to hire an appraiserYear after year, thousands of people in Pennsylvania purchase, sell or refinance their home. A lot of these transactions include a simple line item for an appraisal. Most lenders still call for a local expert because the stakes are very high, even though there are a developing number of automated home valuation systems that might seem less expensive 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 might come in handy? You bet there are. 
Challenge your tax assessmentIf 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 Ed Cline Appraisals is your best evidence when building your case. At Ed Cline Appraisals, we're capable of assisting you in challenging your tax assessment. Remove PMI to lower your mortgage paymentWhen the amount being loaned to the homebuyeris more than 80% of the actual value of the home, almost all lenders ask homeowners to take out this extra insurance policy. That policy is Private Mortgage Insurance, or PMI. Oftentimes, this added payment is bundled into the monthly mortgage payment and is soon forgotten. This is unfavorable because PMI isn't necessary when the remaining balance of the loan - whether through market appreciation or principal pay down - falls 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. If you'd like to eliminate PMI, Ed Cline Appraisals can give you a statement regarding the value of your home. The cost of the home valuation can generally be offset in a short amount of time because you'll no longer be paying the PMI. Order your appraisal from Ed Cline Appraisals today Order onlineDivorce settlement with less stressA divorce is a particularly traumatic ordeal for the parties involved, and it is often more complicated by the hard decision of who gets the property. So both parties are fully aware of the true market value of their property, it's a good idea to order an appraisal from Ed Cline Appraisals, regardless of the circumstances. The parties will have a a good idea of what price to set, if they wish 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. Determine an accurate and fair valuation for estate liquidationThe loss of a loved one is a difficult 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. Most Americans don't have dedicated estate planners or executors to handle these matters, unlike many wealthy individuals. 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 essential importance to ensuring disputing parties leave knowing they've received a fair deal. Move to or from Beaver County for workWe understand the headaches associated with an employee relocation. That being said, we take great care in establishing an accommodating appointment time for the appraisal inspection. During our detailed inspection, we encourage relocating employees to provide input on the positive aspects of their property, as well as information about any recent sales or listings in their area that they want considered. Close on your home promptly — for the right priceWhether you decide 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 when determining your asking price. An appraiser has no vested interest in what amount the house sells for, apart from real estate agents. Our fees aren't related to the sales price, but rather they rest on our efforts to complete the appraisal report. We determine the difference in value things like an additional bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long housesare 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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