Let REID E. CHOATE & ASSOCIATES, LLC take care of your appraisal needs

To a lot of us, an appraisal is simply another cost in the long list of items for a mortgage or refinance. The majority of lenders still need a local expert because the stakes are incredibly high, even though there are a growing number of automated home valuation methods that might seem more economical than an appraisal. You might assume that getting a mortgage is the only reason you should get an appraisal, but there are more cases when the services of a licensed, independent real estate professional might come in handy.

Let REID E. CHOATE & ASSOCIATES, LLC help you lower your mortgage payment

Contest your tax assessment

If you reside in an area where the property value has declined, it's possible you're paying too much in property taxes. When building your case, an appraisal from us is your best evidence. We can assist you in challenging your tax assessment.

PMI removal to lower your mortgage payment

Private Mortgage Insurance, or PMI, is an added insurance policy that nearly all lenders ask homebuyers to buy when the amount being loaned to the home buyer is more than 80% of the actual value of the property. Seeing that extra payment is usually folded into the monthly mortgage payment, it is often forgotten. PMI is unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - falls below the 80% level, making this very unfortunate. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to eliminate the PMI payments when the loan-to-value ratio conditions have been met.

REID E. CHOATE & ASSOCIATES, LLC can produce a statement regarding the value of your home, and the price you paid for the appraisal can generally be offset in just a few months because you'll no longer be paying the PMI.

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Settle a divorce with fewer hang-ups

A divorce can be a particularly traumatic event for both parties, and it is often even more complicated by the burdensome decision of who gets the property. It's a good idea to get an appraisal from REID E. CHOATE & ASSOCIATES, LLC so both parties are completely aware of the true market value of their house, regardless of the situation.

If the parties need to sell the home, they'll have a better idea of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.

Ascertain an accurate and fair valuation for estate liquidation

Losing 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 Fair Market Value for the residential property involved. We ensure the highest 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 affairs. And seeing that a home or other property often makes up an uneven share of the total estate value, knowing the true worth of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've gotten a fair deal.

Move to or from Hawaii County through an employee relocation program

Employee relocation is a stressful event, and we understand. That's why we take great care in organizing an accommodating appointment time for the appraisal inspection. During our detailed inspection, we encourage relocating employees to provide remarks on the positive aspects of their property, along with information regarding any new sales or listings in their neighborhood that they want considered.

Close on your home promptly — at an accurate price

Whether you decide to sell your home on your own or use the assistance of a real estate agent, a professional appraisal will help you make a better educated decision when determining your selling price. Apart from a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees are based on our efforts to complete the appraisal report and and aren't related to the sales price.

On a daily basis, we determine the difference in value things like an additional bathroom or a kitchen remodel can make. 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 properties are one the market.

Let REID E. CHOATE & ASSOCIATES, LLC assist you in selling your home quickly at the right price

Got a Question?

Do you have a question relating to real estate appraisals? We can help. Simply fill out the form below and we'll contact you with the answer, with no obligation to you. We guarantee your privacy.

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