There are lots of reasons consumers call on Rex McCarty Appraisal Service

Thousands of people in Virginia buy, sell or refinance their home each year. Many of these transactions consist of a simple line item for an appraisal. Nearly all lenders still want a local expert because the stakes are very high, even though there are an increasing number of automated home valuation processes that may appear more economical than an appraisal. But is getting a mortgage the only reason to get an appraisal? Are there more situations when the services of a certified, independent real estate professional could be helpful? Absolutely.


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Challenge your tax assessment in Scott 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. When building your case, an appraisal from Rex McCarty Appraisal Service is your best evidence. We're equipped to assist you in disputing your tax assessment.

Eliminating PMI will lower your mortgage payment

Private Mortgage Insurance, or PMI, is an additional insurance plan that most lenders ask home owners to buy when the amount being loaned to the homeowner is more than 80% of the actual value of the home. Seeing that additional payment is usually lumped into the monthly mortgage payment, it is often forgotten. PMI becomes unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - falls below the 80% level, making this very unfortunate. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to do away with the PMI installments when the loan-to-value ratio conditions have been met.

If you'd like to do away with PMI, Rex McCarty Appraisal Service will produce a statement regarding the value of your home. The expense of the appraisal can generally be offset in a short amount of time because you'll no longer be paying the PMI.

Settling a divorce with less stress

A divorce is often complicated by the burdensome decision of who gets the property, and it can be a particularly heartbreaking experience for both parties. So both parties are completely aware of the true market value of their property, it's a good idea to get an appraisal from Rex McCarty Appraisal Service, regardless of the circumstances.

If the parties need to sell the home, they'll have a a good 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.

Settling an estate with peace of mind

The death of a loved one is a difficult time in life, and settling an estate from a death, or probate, often calls for 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, ensuring the fullest degree of discretion.

Most Americans do not have dedicated estate planners or executors to handle these matters, unlike wealthy individuals. And since a home or other property often makes up an unequal share of the total estate value, knowing the true value of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've gotten an honest deal.

Let Rex McCarty Appraisal Service help you with relocating to or from Scott County

We are aware of the stress involved with an employee relocation. That being said, we take great care in establishing a convenient appointment time for the appraisal inspection. During our intensive process, we encourage employees that are moving to provide remarks on the positive attributes of their property, as well as information regarding any recent sales or listings in their area that they want considered.

Sell your home quickly at the right price

A professional appraisal can help you make a better educated decision regarding your selling price, whether you want to sell your home on your own or use the assistance of a real estate agent. Separate from a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees aren't contingent upon the value we report, but rather they depend on our efforts to complete the appraisal.

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 houses are on the market. So, seeking a professional appraisal is a reliable way to determine 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 for an extended amount of time.