Why you should hire an appraiser

Thousands of people in Pennsylvania buy, sell or refinance their home each year. Most of these transactions include a simple line item for an appraisal. Practically all lenders still call for a local expert because the stakes are so high, even though there are an increasing number of automated home valuation methods that may seem cheaper than an appraisal. But is securing a mortgage the only reason to acquire an appraisal? Are there also instances when the services of a licensed, independent real estate professional might be beneficial? Of course.


	If you're planning on any transaction where the value of your home is a factor, contact R.M. Rose. Just click here.

Dispute your tax assessment in Montgomery County

If you live in an area where the value of property has declined, it's possible you're paying too much in property taxes. When building your case, an appraisal from R.M. Rose is your best evidence. We're qualified to assist you in disputing your tax assessment.

Eliminating PMI will lower your mortgage payment

Private Mortgage Insurance, or PMI, is an additional insurance policy that many lenders ask homebuyers to buy when the amount being loaned to the home buyer is more than 80% of the actual value of the property. Since the additional payment is usually lumped into the monthly mortgage payment, it is often forgotten. PMI is no longer required when the leftover balance of the loan - whether through market appreciation or principal pay down - dips below the 80% level, making this very unfortunate. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to remove the PMI payments when the loan-to-value ratio conditions have been met.

If you'd like to eliminate PMI, R.M. Rose will give you a statement regarding the value of your home. The expense of the home valuation can usually be regained in just a few months because you'll no longer be paying the PMI.

An appraisal from R.M. Rose will help you settle a divorce with less stress

A divorce is often complicated by the hard decision of who gets the home, and it can be an especially heartbreaking event for both parties. So both parties are entirely aware of the true market value of their property, it's a good idea to order an appraisal from R.M. Rose, regardless of the circumstances.

If the parties wish to sell the home, they'll have a better idea of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation.

Accurate and fair estate liquidation

The death 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 Market Value for the residential property involved. We guarantee 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 take care of these issues, unlike many wealthy individuals. 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 significant importance to ensuring disputing parties walk away knowing they've received a fair deal.

Relocating to or from Montgomery County?

We understand the stress associated with an employee relocation. That being said, 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 attributes of their property, along with information about any new sales or listings in their neighborhood that they want considered during our detailed process.

Selling your home quickly at the right price with an appraisal from R.M. Rose

A professional appraisal will help you make a better educated decision regarding your selling price, whether you choose to sell your home on your own or with the help of a real estate agent. 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 determine the difference in value things like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long houses are on the market. So, obtaining a professional appraisal is a reliable 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.