Robert L Ripp, SRA in Fort Collins are hired for numerous reasons

Each year, thousands of people in Colorado purchase, sell or refinance their home. Many of these transactions involve a simple line item for an appraisal. And even though there are a budding number of automated home valuation systems that might seem cheaper than an appraisal, almost all lenders still call for a local expert because the stakes are incredibly high. But is securing a mortgage the only reason you should get an appraisal? Are there other cases when the services of a licensed, independent real estate professional might be beneficial? You bet.

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Let Robert L Ripp, SRA help you challenge your tax assessment in Larimer County

If you live in an area where the value of property 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 equipped to assist you in challenging your tax assessment.

PMI removal will lower your mortgage payment

When the amount being loaned to the home buyer is more than 80% of the actual value of the property, most lenders ask homebuyers to purchase an additional insurance plan. That policy is Private Mortgage Insurance, or PMI. 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 - decreases below the 80% level, making this very unfortunate. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress requiring lenders to eliminate the PMI payments on most mortgages when the balance is paid down to 78% of the original value.

If you'd like to do away with PMI, Robert L Ripp, SRA can produce a statement regarding the value of your home. The cost of the home valuation can generally be offset in little time because you'll no longer be paying the PMI.

Settling a divorce with less stress

A divorce is often complicated by the strenuous decision of who gets the house, and it can be a particularly heartbreaking ordeal for both parties. Regardless of the circumstances, it's prudent to get an appraisal from Robert L Ripp, SRA so both parties are entirely aware of the true market value of their property.

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

Settling an estate with peace of mind

Losing a loved one is a painful time in life, and settling an estate from a death, or probate, often requires an appraisal to establish Market Value for the real estate involved. We ensure the maximum degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).

Most Americans don't have dedicated estate planners or executors to manage these affairs, unlike many wealthy individuals. A home or other property often makes up a disproportionate share of the total estate value, so 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.

Relocating to or from Larimer County

We are aware of the stress associated with an employee relocation. That being said, we take great care in establishing an accommodating appointment time for the appraisal inspection. During our thorough process, we recommend employees that are moving to provide feedback on the positive features of their property, as well as information about any current sales or listings in their area that they want considered.

Sell your home quickly at the right price with an appraisal from Robert L Ripp, SRA

A professional appraisal can help you make a more informed decision regarding your selling price, whether you choose to sell your home on your own or with the help of a real estate agent. 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 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, getting a professional appraisal is a reliable way to decide 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 too long, costing you time and money.