Reasons someone would hire Early Edition Appraisals

Every year, thousands of people in Delaware buy, sell or refinance their home. Most of these transactions contain a simple line item for an appraisal. Practically all lenders still want a local expert because the stakes are so high, even though there are a developing number of automated home valuation systems that might appear to be more prudent than an appraisal. You might believe that getting a mortgage is the only reason to get an appraisal, but there are other times when the services of a certified, independent real estate professional might be beneficial.


	For real estate appraisals in Lewes and Sussex County, it's easiest when your order online from Early Edition Appraisals, just click here.

Appeal your tax assessment in Sussex County

It's possible you're paying too much in property taxes if you live in an area where property values have declined. Property taxes are determined by a previous assessment of your home, so if values have declined in your neighborhood, you can challenge your assessment and save money. When building your case, an appraisal from Early Edition Appraisals is your best evidence. At Early Edition Appraisals,we can assist you in challenging your tax assessment.

PMI removal will lower your mortgage payment

When the amount being loaned to the home owner is more than 80% of the actual value of the home, nearly all lenders ask homebuyers to take out an supplemental insurance policy. That policy is Private Mortgage Insurance, or PMI. Since the additional payment is usually lumped into the monthly mortgage payment, it is often forgotten. This is unfortunate because PMI becomes unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - falls below the 80% mark. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to do away with the PMI payments when the loan-to-value ratio conditions have been met.

If you'd like to get rid of PMI, Early Edition Appraisals can provide you with a statement regarding the value of your home. The price you paid for the home valuation can often be recovered in just a few months because you'll no longer be paying the PMI.

Settling a divorce with less stress with an appraisal from Early Edition Appraisals

A divorce is often complicated by the difficult decision of who keeps the house, and it can be an especially heartbreaking experience for both parties. Regardless of the situation, it's a good idea to get an appraisal from Early Edition Appraisals so both parties are entirely aware of the true market value of their property.

The parties will have a better idea of what price to set, if they wish to sell the home. And on the flip side, 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 hard time in life, and settling an estate from a death, or probate, often requires an appraisal to establish Market Value for the residential property 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 do not have dedicated estate planners or executors to take care of these affairs. And since a home or other property often makes up an unequal share of the total estate value, knowing the absolute value of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've gotten a fair deal.

Let Early Edition Appraisals help you with relocating to or from Sussex County

Moving due to a job change is a real pain, and we understand. That's why we take great care in setting up a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive characteristics of their property, along with information about any new sales or listings in their neighborhood that they want considered during our thorough process.

Sell your home quickly at the right price with an appraisal from Early Edition Appraisals

A professional appraisal will help you make a better educated decision regarding your asking 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 price the house sells for, unlike real estate agents. Our fees depend on our efforts to finish the appraisal report and and aren't related to the sales price.

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 homes are on the market. So, getting a professional appraisal is a reliable way to determine 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 hassle and money.