Why you should order an appraisal from Ethan Yukna

Thousands of people in Maryland purchase, sell or refinance their home each year. Most of these transactions contain a simple line item for an appraisal. Almost all lenders still call in a local expert because the stakes are so high, even though there are a growing number of automated home valuation processes that might appear more practical than an appraisal. But is obtaining a mortgage the only reason to acquire an appraisal? Are there also situations when the services of a licensed, independent real estate professional might come in handy? You bet.


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Challenge your tax assessment in Baltimore City County

It's quite possible you're paying too much in property taxes if you live in an area where property values have declined. Ad Valorem taxes are determined by a previous assessment of your real estate, so if prices are less than what they used to be in your neighborhood, you can appeal your assessment and save money. When building your case, an appraisal from Ethan Yukna is your best evidence. We're qualified to assist you in appealing your tax assessment.

Getting rid of your PMI will lower your mortgage payment

Private Mortgage Insurance, or PMI, is an added insurance policy that most lenders ask home buyers to purchase when the amount being loaned to the homebuyer is more than 80% of the actual value of the property. Most often, this added payment is bundled into the monthly mortgage payment and is soon forgotten. This is damaging because PMI is unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - goes below the 80% level. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to eliminate the PMI installments when the loan-to-value ratio conditions have been met.

Ethan Yukna will give you a statement regarding the value of your home, and the cost of the home valuation can generally be recovered 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 hard decision of who keeps the home, and it can be a very heartbreaking experience for both parties. So both parties are fully aware of the true market value of their property, it's a good idea to get an appraisal from Ethan Yukna, regardless of the circumstances.

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.

Fair and accurate estate liquidation with help from Ethan YuknaSettling an estate

The loss of a loved one is a difficult 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. 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 don't have dedicated estate planners or executors to take care of these issues. A home or other property often makes up an uneven share of the total estate value, so understanding 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 Ethan Yukna help you with relocating to or from Baltimore City County

Moving due to a job change can be a real pain. We know where you're coming from! That being said, we take great care in establishing an accommodating appointment time for the appraisal inspection. During our intensive process, we encourage relocating employees to provide input on the positive attributes of their property, as well as information about any current sales or listings in their neighborhood that they want considered.

Selling your home quickly at the right price

A professional appraisal will help you make a better educated decision when determining your selling price, whether you choose to sell your home on your own or use the assistance 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 calculated on our efforts to complete the appraisal report and and aren't related to the sales price.

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 homes stay on the market. So, seeking a professional appraisal is a reliable way to decide 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 time and money.