Let H.M. Hoffman & Company attend to your appraisal needs

To many, an appraisal just looks like another cost in the long list of items for a home sale or refinance. Even though there are a growing number of automated home valuation systems that might seem more economical than an appraisal, practically all lenders still want a local expert because the stakes are very high. Is obtaining a mortgage the only reason to acquire an appraisal? Are there additional situations when the services of a certified, independent real estate professional might come in handy? Absolutely.

Let H.M. Hoffman & Company help you lower your mortgage payment

Dispute your tax assessment

It's possible you're paying too much in property taxes if you reside in an area where property values have declined. Property taxes are based upon a past assessment of your house, so if prices are less than what they used to be in your neighborhood, you can appeal your assessment and save money. An appraisal from H.M. Hoffman & Company is your best evidence when building your case. We're equipped to assist you in disputing your tax assessment.

Remove PMI to lower your mortgage payment

When the amount being loaned to the home buyeris more than 80% of the actual value of the property, many lenders ask homeowners to buy this extra insurance policy. That policy is Private Mortgage Insurance, or PMI. Since the additional payment is usually bundled into the monthly mortgage payment, it is often forgotten. This is bad because PMI isn't required when the remaining balance of the loan - whether through market appreciation or principal pay down - falls below the 80% mark. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to remove the PMI payments when the loan-to-value ratio conditions have been met.

If you'd like to do away with PMI, H.M. Hoffman & Company will provide you with a statement regarding the value of your home. The price you paid for the appraisal can generally be regained in just a few months because you'll no longer be paying the PMI.

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Get a clear valuation on a home for divorce settlements

A divorce is a particularly daunting ordeal for the parties involved, and it is often further complicated by the challenging decision of who gets the home. So both parties are entirely aware of the true market value of their home, it's a good idea to get an appraisal from H.M. Hoffman & Company, regardless of the circumstances.

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 gotten a fair assessment.

Ascertain a fair and accurate valuation for estate liquidation

The death of a loved one is a painful 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 guarantee 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 do not have dedicated estate planners or executors to take care of these matters, unlike wealthy individuals. A home or other property often makes up an uneven share of the total estate value, so knowing the true value of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've received an honest deal.

Move to or from Montgomery County for work

Employee relocation can be a stressful event, and we understand. We take great care in establishing a convenient appointment time for the appraisal inspection. During our thorough inspection, we recommend relocating employees to provide input on the positive attributes of their property, along with information about any recent sales or listings in their area that they want considered.

Sell your home quickly — at an accurate price

Whether you choose to sell your home on your own or use the assistance of a real estate agent, a professional appraisal can help you make a better educated decision regarding your asking price. Unlike 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 finish 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. And we're experts in knowing how long propertiesstay on the market. So, getting a professional appraisal is a reliable way to decide 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.

Let H.M. Hoffman & Company help you sell your home quickly at the right price