Why obtain an appraisal from Tenaglia Appraisals, Inc.

Thousands of people in Massachusetts purchase, sell or refinance their home each month. Many of these transactions include a simple line item for an appraisal. While there are a developing number of automated home valuation processes that might seem more prudent than an appraisal, practically all lenders still need a local expert because the stakes are very high. But is getting a mortgage the only reason to get an appraisal? Are there also instances when the services of a licensed, independent real estate professional might be beneficial? You bet there are.

When you're planning on any transaction where the likely sales price of your home is a factor, just contact Michael Tenaglia. Just click here

Let us help you appeal your tax assessment in Middlesex 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 real estate, so if values are less than what they used to be in your neighborhood, you can challenge your assessment and save money. When building your case, an appraisal is your best evidence. At Michael Tenaglia, we're capable of assisting you in challenging your tax assessment.

PMI removal to lower your mortgage payment

Private Mortgage Insurance, or PMI, is an additional insurance plan that almost all lenders ask homeowners to buy when the amount being loaned to the home owner is more than 80% of the actual value of the home. Oftentimes, this added payment is folded into the monthly mortgage payment and is quickly forgotten. PMI becomes unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - dips below the 80% mark, making this very unfortunate. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress requiring lenders to do away with the PMI installments when the balance is paid down to 78% of the original value.

Tenaglia Appraisals, Inc. will produce a statement regarding the value of your home, and the expense of the home valuation can generally be recovered in little time because you'll no longer be paying the PMI.

Settling a divorce with less stress

A divorce is often complicated by the troublesome decision of who keeps the house, and it can be a particularly heartbreaking experience for both parties. It's a good idea to get an appraisal so both parties are completely aware of the true market value of their house, regardless of the situation.

If the parties need 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.

Trustworthy estate liquidation

The death of 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 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).

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

Let us help you with relocating to or from Middlesex County

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

Selling your home quickly at the right price

Whether you choose to sell your home on your own or with the help of a real estate agent, a professional appraisal can help you make a more informed 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 are calculated on our efforts to finish the appraisal report and not a percentage of the sales price.

We determine the difference in value items like an extra bathroom or a kitchen remodel can make on a daily basis. Getting a professional appraisal is a trusted 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 an unnecessarily long time - because we're experts in knowing how long homes are one the market.