Let REID E. CHOATE & ASSOCIATES, LLC attend to your appraisal needs
Thousands of people in Hawaii buy, sell or refinance their home each year. Many of these transactions include a simple line item for an appraisal. Practically all lenders still call for a local expert because the stakes are very high, even though there are a multiplying number of automated home valuation systems that might appear to be less expensive than an appraisal. You might think that securing a mortgage is the only reason to get an appraisal, but there are other times when the services of a licensed, independent real estate professional might come in handy.
Dispute your tax assessment in Hawaii County
It's possible you're paying too much in property taxes if you live in an area where property values have declined. Ad Valorem taxes are based upon a previous assessment of your home, so if prices have gone down in your area, you can challenge your assessment and save money. When building your case, an appraisal from us is your best evidence. We're qualified to assist you in disputing your tax assessment.
PMI removal to reduce your mortgage payment
Private Mortgage Insurance, or PMI, is a supplemental insurance policy that nearly all lenders ask buyers to buy when the amount being loaned to the home owner is more than 80% of the actual value of the home. This added payment is often folded into the monthly mortgage payment and is quickly forgotten. This is unfortunate because PMI becomes unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - goes below the 80% level. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to do away with the PMI installments when the loan-to-value ratio conditions have been met.
If you'd like to eliminate PMI, REID E. CHOATE & ASSOCIATES, LLC can provide you with a statement regarding the value of your home. The cost of the home valuation can often be regained in little time because you'll no longer be paying the PMI.
Order your appraisal from REID E. CHOATE & ASSOCIATES, LLC todayOrder today
Divorce settlement with fewer hang-ups
A divorce is a particularly daunting event for the parties involved, and it is often even more complicated by the burdensome decision of who gets the house. It's a good idea to order an appraisal from REID E. CHOATE & ASSOCIATES, LLC so both parties are fully aware of the true market value of their home, regardless of the circumstances.
The parties will have a better 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.
Ascertain an accurate and fair valuation for estate liquidation
Losing 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 real estate involved. We ensure the maximum degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Unlike wealthier individuals, most Americans don't have dedicated estate planners or executors to manage these issues. And seeing that a home or other property often makes up an unequal share of the total estate value, understanding the true value of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've gotten an honest deal.
Relocate to or from Hawaii County for work
Employee relocation is a stressful event, and we understand. That's why we take great care in establishing a convenient appointment time for the appraisal inspection. During our thorough inspection, we encourage relocating employees to provide remarks on the positive characteristics of their property, as well as information regarding any current sales or listings in their neighborhood that they want considered.
Sell your home promptly — for an accurate price
Whether you want to sell your home on your own or with the help of a real estate agent, a professional appraisal will help you make a more informed decision regarding your asking price. Apart from a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees are based on our efforts to finish the appraisal report and not a percentage of the sales price.
On a daily basis, we determine the difference in value things like an extra bathroom or a kitchen remodel can make. Getting a professional appraisal is a reliable 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, because we're experts in knowing how long houses are one the market.
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