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Each year, thousands of people in Puerto Rico buy, sell or refinance their home. A lot of these transactions contain a simple line item for an appraisal. While there are a developing number of automated home valuation systems that may appear more practical than an appraisal, practically all lenders still need a local expert because the stakes are very high. You might think that getting a mortgage is the only reason to acquire an appraisal, but there are additional situations when the services of a licensed, independent real estate professional might come in handy. Secure appraisal ordering is not a problem with Walter Rivera Appraisal Group we specialize in it and welcome your call. How can you do away with PMI to lower your mortgage payment?When the amount being loaned to the homeowner is more than 80% of the actual value of the home, almost all lenders ask home owners to purchase an extra insurance plan. That policy is Private Mortgage Insurance, or PMI. Seeing that additional payment is usually folded into the monthly mortgage payment, it is often forgotten. PMI is unnecessary 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 United States Congress invoked 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.Walter Rivera Appraisal Group can give you a statement regarding the value of your home, and the expense of the home valuation can often be regained in little time because you'll no longer be paying the PMI. Divorce settlement with less stressA divorce is an especially daunting event for the parties involved, and it is often further complicated by the troublesome decision of who maintains the house. Regardless of the situation, it's prudent to get an appraisal from Walter Rivera Appraisal Group so both parties are entirely aware of the true market value of their home.If the parties need 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 gotten a fair evaluation.  Accurate and fair estate liquidationThe loss 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 Fair Market Value for the real estate involved. We guarantee the fullest 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 handle these matters, unlike wealthy individuals. A home or other property often makes up a disproportionate share of the total estate value, so understanding the true worth of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've gotten a fair deal. Let Walter Rivera Appraisal Group assist you in relocating to or from San Juan CountyMoving due to a job change can be a real pain. We know where you're coming from. We take great care in establishing a convenient appointment time for the appraisal inspection. During our thorough process, we encourage employees that are moving to provide remarks on the positive aspects of their property, along with information regarding any new sales or listings in their neighborhood that they want considered.Don't sell out for too little or keep your home on the market too long.A professional appraisal can help you make a more informed decision when determining your selling price, whether you choose to sell your home on your own or with the help of a real estate agent. An appraiser has no vested interest in what price the house sells for, unlike real estate agents. Our fees depend on our efforts to finish the appraisal report and and aren't related to the sales price.We determine the difference in value items like an extra bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long properties are on the market. So, obtaining a professional appraisal is a trusted 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 for an extended amount of time. 
Walter Rivera Appraisal Group 115 calle D Cabrera San Juan, PR 00925-2303 Walter Rivera Cardona, SRA, Appraiser License 890 EPA / RC98
Etienne Rivera Cardona, SRA, Appraiser License 1058 EPA / RC135
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