There are lots of reasons the public calls on Robert L Ripp, SRATo a lot of us, an appraisal just looks like another cost on the settlement sheet for a home sale or refinance. Even though there are a developing number of automated home valuation methods that may appear more economical than an appraisal, almost all lenders still need a local expert because the stakes are very high. But is securing a mortgage the only reason you should get an appraisal? Are there other situations when the services of a certified, independent real estate professional might be beneficial? You bet there are.
Dispute your tax assessment in Larimer CountyIf you live in an area where property values have declined, 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 equipped to assist you in challenging your tax assessment.
Let Robert L Ripp, SRA help you get rid of PMI to lower your mortgage paymentPrivate Mortgage Insurance, or PMI, is an added insurance policy that most lenders ask home buyers to purchase when the amount being loaned to the homebuyer is more than 80% of the actual value of the real estate. Seeing that extra payment is usually bundled into the monthly mortgage payment, it is often forgotten. This is unfortunate because PMI is no longer required when the remaining balance of the loan - whether through market appreciation or principal pay down - falls below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress that requires lenders to remove the PMI payments when the balance is paid down to 78% of the original value.
Robert L Ripp, SRA will provide you with a statement regarding the value of your home, and the cost of the appraisal can usually be offset in a short amount of time because you'll no longer be paying the PMI.
Settling a divorce with less stressA divorce can be a very daunting experience for both parties, and it is often more complicated by the hard decision of who maintains the house. So both parties are entirely aware of the true market value of their home, it's a good idea to order an appraisal from Robert L Ripp, SRA, regardless of the circumstances.
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.
Fair and accurate estate liquidation with help from Robert L Ripp, SRASettling an estateThe loss of a loved one is a hard time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Market Value for the real estate involved. We ensure the fullest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Unlike many wealthy individuals, most Americans don't have dedicated estate planners or executors to manage these issues. And since a home or other property often makes up a disproportionate share of the total estate value, understanding the correct value of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've gotten a fair deal.
Robert L Ripp, SRA can help you with relocating to or from Larimer CountyWe know the headaches associated with an employee relocation. We take great care in establishing a convenient appointment time for the appraisal inspection. During our intensive process, we recommend employees that are moving 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.
Selling your home quickly at the right priceWhether you choose to sell your home on your own or with the help of a real estate agent, a professional appraisal will help you make a more informed decision when determining your asking price. An appraiser has no vested interest in what price the house sells for, unlike real estate agents. Our fees depend on our efforts to perform the appraisal report and and aren't related to the sales price.
We analyze the difference in value items like an additional bathroom or a kitchen remodel can make on a daily basis. Seeking 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 an unnecessarily long time - because we're experts in knowing how long homes stay on the market.