As the housing market continues to flourish, do you know what your home is worth? They are many reasons to get an appraisal this year. With the current market, it is highly likely that your equity has increased. However, the only way to find out just how much out exactly would be to get an appraisal. Real estate appraisals are typically beneficial to everyone involved in the buying or selling of a home. Whether you are selling, purchasing, looking to refinance, or considering some home improvement, we can help you.
Selling Or Purchasing a Home
An Appraisal is a key element in buying and/or selling a home. It provides an unbiased assessment of your home and in turn gives you a true valuation of its worth. This can not only help price your home to sell but it can also protect you as a seller from accepting a low offer. Having a valuation before your list can give you confidence and comfort knowing your home’s true worth. Whether it is your current or future home, you want to know what you are getting yourself into.
Looking to Refinance
Before a bank or lender agrees to extend financing to a buyer, an appraiser can provide a credible opinion of the value of the home. This is because the lender and future investors need to ensure there is adequate collateral to support the loan. Refinancing can free up that extra equity and even put some money back in your pocket. If your appraisal is higher this time it can help you refinance, lower your monthly mortgage payment, and even get rid of that dreaded PMI finally.
Making Home Improvements
Even if you are thinking about selling down the line but are not quite ready too. You want to make sure you are making the right hope improvements that are cost effective home improvements. Giving a kitchen a facelift may cost less and still help boost your appraisal. Knowing where you currently stand can give you that baseline you are looking for,
Whether you are looking for a sell, refinance or make some home improvements in northeast Philadelphia, Olive Branch Appraisals is here for you. Make an appointment to discuss your options, reach out to Olive Branch Appraisals for your real estate appraisal needs in Bensalem, Somerton, Chalfont or even Mayfair and all of Northeast Philadelphia and surrounding areas by phone at 267-588-8200, by email at email@example.com, or our online form.