6 Reasons you should order an appraisal from H.M. Hoffman & CompanyEach year, thousands of people in Pennsylvania purchase, sell or refinance their home. Many of these transactions involve a simple line item for an appraisal. Nearly all lenders still need a local expert because the stakes are incredibly high, even though there are a developing number of automated home valuation methods that may appear to be more practical than an appraisal. You might think that securing a mortgage is the only reason you should get an appraisal, but there are more situations when the services of a certified, independent real estate professional could come in handy. 
Dispute your tax assessmentIf you live in an area where property values have declined, it's possible you're paying too much in property taxes. An appraisal from H.M. Hoffman & Company is your best evidence when building your case. We're equipped to assist you in appealing your tax assessment. Remove PMI to lower your mortgage paymentWhen the amount being loaned to the homebuyeris more than 80% of the actual value of the real estate, many lenders ask homeowners to purchase this supplemental insurance plan. That policy is Private Mortgage Insurance, or PMI. Since the additional payment is usually lumped into the monthly mortgage payment, it is often forgotten. PMI is unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - goes below the 80% level, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was invoked by the United States Congress requiring lenders to dismiss the PMI payments when the loan-to-value ratio conditions have been met. H.M. Hoffman & Company can provide you with a statement regarding the value of your home, and the cost of the home valuation can generally be regained in little time because you'll no longer be paying the PMI. Get your appraisal from H.M. Hoffman & Company Order todaySettle a divorce with fewer hang-upsA divorce is a very traumatic experience for the parties involved, and it is often further complicated by the challenging decision of who gets the house. So both parties are fully aware of the true market value of their property, it's a good idea to order an appraisal from H.M. Hoffman & Company, regardless of the circumstances. The parties will have a clearer picture 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 gotten a fair evaluation. Fair and accurate estate liquidationLosing a loved one is a hard time in life, and settling an estate from a death, or probate, often requires 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 utmost degree of discretion. Most Americans do not have dedicated estate planners or executors to handle these issues, unlike wealthier individuals. And seeing that a home or other property often makes up an uneven share of the total estate value, understanding the true value of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've gotten a fair deal. Relocate to or from Montgomery County through an employee relocation programWe understand the headaches involved with an employee relocation. That's why we take great care in setting up a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive aspects of their property, along with information regarding any recent sales or listings in their neighborhood that they want considered during our detailed inspection. Close on your home promptly — at an accurate priceA professional appraisal can 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 based on our efforts to complete the appraisal report. We analyze the difference in value items like an additional bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long housesstay 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. 
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