Choate Hawaii Real Estate

Appraisals

David Choate specializes in appraising homes and condos on the island of Oahu and has been appraising since 1987.

A Hawaii appraisal is an unbiased estimate of what a buyer might expect to pay - or a seller receives - for a parcel of real estate, where both buyer and seller are informed parties. To be an informed party, most people turn to a licensed, certified, professional Hawaii appraiser to provide them with the most accurate estimate of the true value of their property.

There are several reasons to get an appraisal:

Purchase of a home
A Hawaii appraisal provides you with an objective, third party opinion of a property's current Market Value and can give you "peace of mind" prior to making an offer to purchase that you're offering a fair price for the property. 

Refinance or get a home equity loan
A new loan often requires a new appraisal of the property.
 
Private Mortgage Insurance (PMI) Removal
PMI is the supplemental insurance that many lenders ask home buyers to purchase when the amount being loaned is more than 80% of the value of the home.

Divorce settlement
In most divorce cases, the Court won't usually force the parties involved to "buyout" the other party's interest but it may however order the sale of the home so each party gets an equal share of the equity. 
 
Estate Liquidation
Settling an estate from a death, or probate, often requires an appraisal to establish Fair Market Value for the residential property involved.  The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the fullest degree of discretion.

Home Improvement to add value
Before you decide to sell your home, there are several decisions to be made. First and foremost: "How much should it sell for?"  But don't forget there may be other equally important questions to ask yourself such as "Would it be better to paint the entire house before we sell it?", "Should I put in that third bathroom?", "Should I complete my kitchen remodel?"  Many things which we do to our houses have an effect on their value.  Unfortunately, not all of them have an equal effect. While a kitchen remodel may improve the appeal of a home, it may not add nearly enough to the value to justify the expense.

Selling a home
A professional appraisal can help you make a better educated decision when determining your selling price.  

Phone: (808) 945-0779
Fax: (808) 945-0076
E-mail: choate@hawaii.rr.com
Website: ChoateAppraisalServiceHawaii.com