Reasons to get an appraisal from Pastore & Associates, LLC

To many, an appraisal is simply one more thing in the long list of items for a mortgage or refinance. Almost all lenders still call for a local expert because the stakes are so high, even though there are a multiplying number of automated home valuation processes that may seem more practical than an appraisal. But is securing a mortgage the only reason to acquire an appraisal? Are there additional instances when the services of a licensed, independent real estate professional might be helpful? Of course there are.


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Let Pastore & Associates, LLC help you appeal your tax assessment in Chesterfield County

It's likely 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 values are less than what they used to be in your area, you can challenge your assessment and save money. An appraisal from Pastore & Associates, LLC is your best evidence when building your case. At Pastore & Associates, LLC, we're capable of assisting you in challenging your tax assessment.

Pastore & Associates, LLC can help you do away with PMI to lower your mortgage payment

When the amount being loaned to the home owner is more than 80% of the actual value of the real estate, nearly all lenders ask homebuyers to purchase an supplemental insurance plan. That policy is Private Mortgage Insurance, or PMI. Most often, this extra payment is folded into the monthly mortgage payment and is quickly forgotten. PMI isn't required when the remaining 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 approved by the United States Congress requiring lenders to remove the PMI payments on most mortgages when the balance is paid down to 78% of the original value.

Pastore & Associates, LLC can produce a statement regarding the value of your home, and the cost of the appraisal can usually be recovered in just a few months because you'll no longer be paying the PMI.

An appraisal from Pastore & Associates, LLC will help you settle a divorce with less stress

A divorce is often complicated by the difficult decision of who maintains the house, and it can be a very heartbreaking event for both parties. It's a good idea to order an appraisal from Pastore & Associates, LLC so both parties are fully aware of the true market value of their home, regardless of the circumstances.

The parties will have a a good idea of what price to set, if they want to sell the home. 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

Losing a loved one is a hard time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Market Value for the real estate 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).

Unlike wealthy individuals, most Americans do not have dedicated estate planners or executors to handle these affairs. And seeing that a home or other property often makes up an unequal share of the total estate value, understanding the certain value of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've received an honest deal.

Pastore & Associates, LLC can help you with relocating to or from the Richmond area, including Henrico County, Chesterfield County, Powhatan County, Hanover County and the city of Richmond.

We know the headaches associated with an employee relocation. We take great care in organizing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive features of their property, as well as information about any recent sales or listings in their area that they want considered during our detailed process.

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

Whether you choose to sell your home on your own or use the assistance of a real estate agent, a professional appraisal can help you make a better educated decision regarding your selling price. Unlike a real estate agent, an appraiser has no vested interest in what price the house sells for. 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 things like an extra bathroom or a kitchen remodel can make. Obtaining a professional appraisal is a reliable way to decide 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 an unnecessarily long time - because we're experts in knowing how long houses are one the market.