Why you should get an appraisal from RWA Appraisals

Thousands of people in Washington buy, sell or refinance their home each year. A lot of these transactions contain a simple line item for an appraisal. Nearly all lenders still need a local expert because the stakes are very high, even though there are a growing number of automated home valuation systems that might appear to be more cost-effective than an appraisal. You might believe that obtaining a mortgage is the only basis for getting an appraisal, but there are additional times when the services of a certified, independent real estate professional could be beneficial.

Let RWA Appraisals assist you in lowering your mortgage payment

Contest your tax assessment in Kitsap County

If you are in an area where the property value has depreciated, it's possible you're paying too much in property taxes. An appraisal from RWA Appraisals is your best evidence when building your case. We can assist you in challenging your tax assessment.

Eliminate PMI to lower your mortgage payment

When the amount being loaned to the home owneris more than 80% of the actual value of the real estate, nearly all lenders ask home owners to take out this added insurance policy. That policy is Private Mortgage Insurance, or PMI. This additional payment is often folded into the monthly mortgage payment and is soon forgotten. This is damaging because PMI is no longer required when the leftover balance of the loan - whether through market appreciation or principal pay down - goes below the 80% mark. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to remove the PMI installments when the loan-to-value ratio conditions have been met.

RWA Appraisals will give you a statement regarding the value of your home, and the price you paid for the appraisal can generally be offset in little time because you'll no longer be paying the PMI.

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Settle a divorce with fewer hang-ups

A divorce is often complicated by the strenuous decision of who maintains the property, and it can be an especially horrible event for both parties. Regardless of the circumstances, it's a good idea to get an appraisal from RWA Appraisals so both parties are fully aware of the true market value of their property.

The parties will have a clearer picture of what price to set, if they want to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.

Fair and accurate 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, ensuring the maximum degree of discretion.

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

Relocate to or from Kitsap County through an employee relocation program

We understand the headaches associated with an employee relocation. That being said, we take great care in setting up a convenient appointment time for the appraisal inspection. During our detailed inspection, we encourage relocating employees to provide input on the positive features 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 the right price

Whether you want to sell your home on your own or with the help of a real estate agent, a professional appraisal can help you make a more informed decision regarding your asking price. Unlike a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees depend on our efforts to complete the appraisal report and not a percentage of the sales price.

We examine the difference in value things like an extra bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long homesare on the market. So, obtaining a professional appraisal is a reliable 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.

Let RWA Appraisals assist you in selling your home quickly at the right price