Ordering an appraisal from McGraw Appraisals LLC

To many, an appraisal is simply another fee on the break-sheet for a home purchase or refinance. And while there are a multiplying number of automated home valuation processes that may seem more cost-effective than an appraisal, the majority of lenders still need a local expert because the stakes are incredibly high. You might believe that securing a mortgage is the only basis for getting an appraisal, but there are additional instances when the services of a licensed, independent real estate professional could come in handy.


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Appeal your tax assessment in Fairfax County

If you reside in an area where property values have depreciated, it's possible you're paying too much in property taxes. An appraisal from McGraw Appraisals LLC is your best evidence when building your case. At McGraw Appraisals LLC, we're equipped to assist you in disputing your tax assessment.

PMI removal to lower your mortgage payment

When the amount being loaned to the homebuyer is more than 80% of the actual value of the home, many lenders ask home buyers to take out an extra insurance plan. That policy is Private Mortgage Insurance, or PMI. More often than not, this extra payment is bundled into the monthly mortgage payment and is promptly forgotten. PMI isn't required when the remaining balance of the loan - whether through market appreciation or principal pay down - goes below the 80% mark, making this very unfortunate. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress requiring lenders to dismiss the PMI installments on most mortgages when the balance is paid down to 78% of the original value.

McGraw Appraisals LLC can give you a statement regarding the value of your home, and the expense 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 with an appraisal from McGraw Appraisals LLC

A divorce is a particularly heartbreaking experience for the parties involved, and it is often further complicated by the hard decision of who maintains the home. It's a good idea to get an appraisal from McGraw Appraisals LLC so both parties are entirely aware of the true market value of their property, regardless of the situation.

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

Settling an estate with peace of mind

The death 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 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 fullest degree of discretion.

Unlike many wealthy individuals, most Americans don't have dedicated estate planners or executors to take care of these matters. A home or other property often makes up an uneven share of the total estate value, so knowing the true value of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've gotten a fair deal.

McGraw Appraisals LLC can help you with relocating to or from Fairfax County

We are aware of the stress associated with an employee relocation. That's why we take great care in organizing an accommodating appointment time for the appraisal inspection. During our thorough process, we suggest employees that are moving to provide feedback on the positive characteristics of their property, along with information regarding any current sales or listings in their neighborhood that they want considered.

Don't sell out short or let your home stay on the market too long.

Whether you want 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 regarding your asking price. Unlike a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees are based on our efforts to perform the appraisal report and and aren't related to the sales price.

On a daily basis, we examine the difference in value items like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long properties stay on the market. So, obtaining a professional appraisal is a reliable way to decide what improvements will add value and what an appropriate 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.