Reasons to choose an appraisal from Robert L Ripp, SRA
Thousands of people in Colorado buy, sell or refinance their home each month. A lot of these transactions consist of a simple line item for an appraisal. While there are a developing number of automated home valuation processes that might appear more prudent than an appraisal, practically all lenders still need a local expert because the stakes are incredibly high. You might assume that obtaining a mortgage is the only reason to acquire an appraisal, but there are more instances when the services of a certified, independent real estate professional might be helpful.
Dispute your tax assessment
If you reside in an area where the property value has depreciated, it's possible you're paying too much in property taxes. An appraisal from Robert L Ripp, SRA is your best evidence when building your case. At Robert L Ripp, SRA, we're qualified to assist you in disputing your tax assessment.
Get rid of PMI to lower your mortgage payment
Private Mortgage Insurance, or PMI, is an added insurance policy that nearly all lenders ask buyers to purchase when the amount being loaned to the home owner is more than 80% of the actual value of the property. This additional payment is often lumped into the monthly mortgage payment and is soon forgotten. PMI is no longer required when the remainder of the loan - whether through market appreciation or principal pay down - falls below the 80% level, making this very unfortunate. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress that requires lenders to dismiss the PMI installments when the loan-to-value ratio conditions have been met.
Robert L Ripp, SRA will provide you with a statement regarding the value of your home, and the price you paid for the home valuation can generally be offset in just a few months because you'll no longer be paying the PMI.
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Divorce settlement with less stress
A divorce is often complicated by the burdensome decision of who keeps the house, and it can be a particularly horrible event for both parties. Regardless of the circumstances, it's a good idea to order an appraisal from Robert L Ripp, SRA so both parties are completely 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 evaluation.
Fair and accurate estate liquidation
The loss 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 real estate involved. We guarantee the utmost degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Unlike wealthier individuals, most Americans do not have dedicated estate planners or executors to manage these issues. And seeing that a home or other property often makes up an uneven share of the total estate value, understanding the true worth of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've gotten an honest deal.
Relocate to or from Larimer County for work
We know the stress involved with an employee relocation. That's why we take great care in setting up an accommodating appointment time for the appraisal inspection. During our thorough inspection, we recommend relocating employees to provide input on the positive features of their property, as well as information about any new sales or listings in their area that they want considered.
Close on your home quickly — at an accurate price
A professional appraisal will help you make a more informed decision regarding your selling price, whether you decide to sell your home on your own or with the help of a real estate agent. An appraiser has no vested interest in what amount the house sells for, apart from real estate agents. Our fees aren't related to the sales price, but rather they rest on our efforts to complete the appraisal report.
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 propertiesstay on the market. So, seeking a professional appraisal is a reliable way to determine what improvements will add value and what a suitable sales price is for your home so you don't come up short or have your house on the market an unnecessarily long time.