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Reasons to hire an appraiser

Every year, thousands of people in Maryland purchase, sell or refinance their home. Most of these transactions involve a simple line item for an appraisal. And while there are a budding number of automated home valuation processes that may seem more cost-effective than an appraisal, most lenders still need a local expert because the stakes are very high. You might think that obtaining a mortgage is the only basis for getting an appraisal, but there are more times when the services of a certified, independent real estate professional might come in handy.

Let W. Eric Howard & Associates help you lower your mortgage payment

Appeal your tax assessment in Anne Arundel County

It's probable you're paying too much in property taxes if you reside in an area where property values have declined. Ad Valorem taxes are based upon a past assessment of your house, so if values are less than what they used to be in your area, you can challenge your assessment and save money. An appraisal from W. Eric Howard & Associates is your best evidence when building your case. We're qualified to assist you in appealing your tax assessment.

PMI removal to lower your mortgage payment

Private Mortgage Insurance, or PMI, is a supplemental insurance policy that nearly all lenders ask homebuyers to buy when the amount being loaned to the homeowner is more than 80% of the actual value of the home. Most often, this additional payment is bundled into the monthly mortgage payment and is quickly forgotten. PMI is unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - falls below the 80% mark, making this very unfortunate. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress requiring lenders to eliminate the PMI payments when the loan-to-value ratio conditions have been met.

If you'd like to get rid of PMI, W. Eric Howard & Associates can give you a statement regarding the value of your home. The cost of the home valuation can usually be offset in a short amount of time 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 very horrible experience for both parties, and it is often further complicated by the strenuous decision of who gets the house. Regardless of the circumstances, it's a good idea to get an appraisal from W. Eric Howard & Associates so both parties are fully aware of the true market value of their home.

The parties will have a good idea of what price to set, if they need to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.

Ascertain an accurate and fair valuation for estate liquidation

The death of 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. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the fullest degree of discretion.

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

Relocate to or from Anne Arundel County through an employee relocation program

Employee relocation can be a stressful event, and we understand. That's why we take great care in establishing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive characteristics of their property, as well as information about any new sales or listings in their area that they want considered during our detailed inspection.

Close on your home quickly — at an accurate price

A professional appraisal will help you make a better educated decision regarding your asking price, whether you want to sell your home on your own or with the help of a real estate agent. Unlike a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees aren't related to the sales price, but rather they are calculated on our efforts to finish the appraisal report.

We examine the difference in value things like an extra bathroom or a kitchen remodel can make on a daily basis. Getting a professional appraisal is a trusted way to decide 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 W. Eric Howard & Associates help you sell your home quickly at the right price