Vista Appraisal Service in Arnold are hired for diverse clients

Every year, thousands of people in Maryland buy, sell or refinance their home. A lot of these transactions include a simple line item for an appraisal. Nearly all lenders still call in a local expert because the stakes are very high, even though there are a growing number of automated home valuation methods that may seem more practical than an appraisal. But is securing a mortgage the only reason you should get an appraisal? Are there other instances when the services of a certified, independent real estate professional might be helpful? You bet there are.

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Let Vista Appraisal Service help you dispute your tax assessment in Anne Arundel County

It's quite possible you're paying too much in property taxes if you live in an area where property values have depreciated. Ad Valorem taxes are determined by a past assessment of your home, so if prices are less than what they used to be in your area, you can appeal your assessment and save money. An appraisal from Vista Appraisal Service is your best evidence when building your case. We're equipped to assist you in challenging your tax assessment.

Let Vista Appraisal Service help you do away with PMI to lower your mortgage payment

Private Mortgage Insurance, or PMI, is an added insurance plan that almost all lenders ask homeowners to buy when the amount being loaned to the homebuyer is more than 80% of the actual value of the property. This additional payment is often lumped into the monthly mortgage payment and is quickly forgotten. PMI becomes unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% level, making this very unfavorable. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to eliminate the PMI installments when the loan-to-value ratio conditions have been met.

Vista Appraisal Service can provide you with a statement regarding the value of your home, and the expense of the home valuation can usually be offset in just a few months because you'll no longer be paying the PMI.

Divorce settlement with less stress

A divorce can be an especially traumatic experience for both parties, and it is often more complicated by the strenuous decision of who keeps the property. Regardless of the situation, it's prudent to get an appraisal from Vista Appraisal Service so both parties are fully aware of the true market value of their home.

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

Accurate and fair estate liquidation with help from Vista Appraisal ServiceSettling an estate

The death of a loved one is a painful time in life, and settling an estate from a death, or probate, often calls for an appraisal to establish Market Value for the residential property 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 don't have dedicated estate planners or executors to handle these issues, unlike wealthy individuals. And seeing that a home or other property often makes up an unequal share of the total estate value, knowing the correct value of the real estate at hand is of significant importance to ensuring disputing parties leave knowing they've received an honest deal.

Let Vista Appraisal Service help you with relocating to or from Anne Arundel County

We are familiar with the stress involved with an employee relocation. That being said, we take great care in organizing 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 recent sales or listings in their neighborhood that they want considered during our detailed process.

Let Vista Appraisal Service help you sell your home quickly at the right price

A professional appraisal can help you make a better educated decision regarding your asking price, whether you choose to sell your home on your own or use the assistance of a real estate agent. Unlike a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees aren't contingent upon the value opinion we render, but rather they rest on our efforts to finish the appraisal.

We determine the difference in value items like an extra bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long properties are on the market. So, obtaining a professional appraisal is a trusted 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 for an extended amount of time.