Why you should hire an appraiser

Thousands of people in Connecticut purchase, sell or refinance their home each month. Most of these transactions include a simple line item for an appraisal. While there are a multiplying number of automated home valuation methods that might seem more prudent than an appraisal, nearly all lenders still call in a local expert because the stakes are incredibly high. Is securing a mortgage the only reason to acquire an appraisal? Are there additional instances when the services of a certified, independent real estate professional could be helpful? Of course there are.

Let J. Boyles Appraisals, LLC assist you in lowering your mortgage payment

Contest your tax assessment in Fairfield County

It's possible you're paying too much in property taxes if you reside in an area where property values have declined. Ad Valorem taxes are based upon a previous assessment of your real estate, so if prices are less than what they used to be in your area, you can challenge your assessment and save money. When building your case, an appraisal from us is your best evidence. We can assist you in disputing your tax assessment.

Eliminate PMI to lower your mortgage payment

When the amount being loaned to the homeowneris more than 80% of the actual value of the real estate, most lenders ask homebuyers to take out this additional insurance policy. That policy is Private Mortgage Insurance, or PMI. This added payment is often bundled 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% mark, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was invoked by the United States Congress requiring lenders to dismiss the PMI payments when the loan-to-value ratio conditions have been met.

J. Boyles Appraisals, LLC can provide you with a statement regarding the value of your home, and the price you paid for the home valuation can usually be offset in just a few months because you'll no longer be paying the PMI.

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Get a fair valuation on a home take make a divorce settlement less stressful

A divorce is an especially traumatic event for the parties involved, and it is often even more complicated by the burdensome decision of who maintains the property. It's a good idea to order an appraisal from J. Boyles 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 better idea of what price to set. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.

Accurate and fair estate liquidation

The loss of a loved one is a painful time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Fair 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 matters, unlike many wealthy individuals. A home or other property often makes up an uneven share of the total estate value, so understanding the true worth of the real estate at hand is of significant importance to ensuring disputing parties leave knowing they've received an honest deal.

Relocate to or from Fairfield County through an employee relocation program

Employee relocation can be a stressful event, and we understand. That being said, we take great care in establishing a convenient appointment time for the appraisal inspection. During our thorough inspection, we suggest relocating employees to provide input on the positive features of their property, along with information about any current sales or listings in their neighborhood that they want considered.

Sell your home promptly — for an accurate price

A professional appraisal will help you make a more informed decision regarding your selling price, whether you want 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 aren't a percentage of the sales price, but rather they depend on our efforts to finish the appraisal report.

On a daily basis, we determine the difference in value items like an additional bathroom or a kitchen remodel can make. And we're experts in knowing how long housesare on the market. So, getting a professional appraisal is a trusted way to decide 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.

Let J. Boyles Appraisals, LLC assist you in selling your home quickly at the right price