Reasons to get an appraisal from Quality Appraisal Services Inc.

Thousands of people in Virginia purchase, sell or refinance their home each year. Many of these transactions have a simple line item for an appraisal. Even though there are a growing number of automated home valuation systems that might appear less expensive than an appraisal, practically all lenders still call for a local expert because the stakes are very high. You might believe that obtaining a mortgage is the only reason to get an appraisal, but there are other cases when the services of a certified, independent real estate professional could be beneficial.

Let Quality Appraisal Services Inc. assist you in lowering your mortgage payment

Dispute your tax assessment in Fairfax County

It's possible you're paying too much in property taxes if you live in an area where property values have depreciated. Property taxes are based upon a past assessment of your real estate, so if values have gone down in your neighborhood, you can challenge your assessment and save money. When building your case, an appraisal from us is your best evidence. At Quality Appraisal Services Inc., we're capable of assisting you in disputing your tax assessment.

Eliminating PMI for mortgage payments

When the amount being loaned to the home owneris more than 80% of the actual value of the property, almost all lenders ask homeowners to purchase this additional insurance policy. That policy is Private Mortgage Insurance, or PMI. Oftentimes, this additional payment is lumped into the monthly mortgage payment and is quickly forgotten. This is unfortunate because PMI is unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to remove the PMI installments when the loan-to-value ratio conditions have been met.

Quality Appraisal Services Inc. will provide you with a statement regarding the value of your home, and the cost of the home valuation can often be recovered in just a few months because you'll no longer be paying the PMI.

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Get a fair valuation on a home take make a divorce settlement less stressful

A divorce can be an especially traumatic experience for both parties, and it is often more complicated by the difficult decision of who gets the house. Regardless of the circumstances, it's a good idea to order an appraisal from Quality Appraisal Services Inc. so both parties are entirely aware of the true market value of their property.

If the parties wish 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 evaluation.

Determine an accurate and fair valuation for estate liquidation

The loss of a loved one is a difficult time in life, and settling an estate from a death, or probate, often requires an appraisal to establish Fair Market Value for the residential property 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).

Most Americans don't have dedicated estate planners or executors to manage these affairs, unlike wealthy individuals. A home or other property often makes up an unequal share of the total estate value, so understanding the true worth of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've received an honest deal.

Move to or from Fairfax County for work

We understand the stress involved with an employee relocation. That's why we take great care in organizing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive features of their property, along with information about any recent sales or listings in their area that they want considered during our intensive inspection.

Sell your home promptly — for an accurate price

A professional appraisal can help you make a better educated decision when determining your selling price, whether you decide to sell your home on your own or with the help of a real estate agent. An appraiser has no vested interest in what price the house sells for, apart from real estate agents. Our fees rest on our efforts to finish the appraisal report and and aren't related to the sales price.

We examine the difference in value items like an additional 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 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, because we're experts in knowing how long homes are one the market.

Let Quality Appraisal Services Inc. assist you in selling your home quickly at the right price