Reasons to get an appraisal fromTo many, an appraisal is simply one more thing in the long list of items for a mortgage or refinance. The majority of lenders still call in a local expert because the stakes are so high, even though there are a growing number of automated home valuation systems that may appear more cost-effective than an appraisal. You might believe that getting a mortgage is the only reason you should get an appraisal, but there are additional times when the services of a licensed, independent real estate professional could be beneficial. 
Challenge your tax assessmentIf you are in an area where property values have declined, it's possible you're paying too much in property taxes. An appraisal from is your best evidence when building your case. At , we're qualified to assist you in challenging your tax assessment. Eliminate PMI to lower your mortgage paymentPrivate Mortgage Insurance, or PMI, is an additional insurance plan that many lenders ask home owners to purchase when the amount being loaned to the homebuyer is more than 80% of the actual value of the home. Since the added payment is usually lumped into the monthly mortgage payment, it is often forgotten. PMI is unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - falls below the 80% level, 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 do away with the PMI payments when the loan-to-value ratio conditions have been met. can give you a statement regarding the value of your home, and the expense of the home valuation can usually be regained in a short amount of time because you'll no longer be paying the PMI. Get your appraisal from Order onlineSettle a divorce with less stressA divorce is often complicated by the burdensome decision of who keeps the house, and it can be a particularly traumatic ordeal for both parties. So both parties are completely aware of the true market value of their home, it's a good idea to order an appraisal from , regardless of the situation. If the parties need to sell the home, they'll have a clearer picture 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 assessment. Ascertain an accurate and fair valuation for estate liquidationThe loss of a loved one is a painful 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. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the utmost degree of discretion. Most Americans don't have dedicated estate planners or executors to manage these issues, unlike wealthier 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 an honest deal. Relocate to or from Clark County through an employee relocation programEmployee relocation is a stressful event, and we understand. That's why we take great care in setting up a convenient appointment time for the appraisal inspection. During our thorough inspection, we suggest relocating employees to provide remarks on the positive features of their property, as well as information regarding any new sales or listings in their neighborhood that they want considered. Sell your home quickly — for the right priceWhether you want to sell your home on your own or use the assistance of a real estate agent, a professional appraisal can help you make a more informed decision regarding your asking price. An appraiser has no vested interest in what amount the house sells for, apart from real estate agents. Our fees aren't related to the sales price, but rather they are calculated on our efforts to finish the appraisal report. We determine the difference in value things like an additional bathroom or a kitchen remodel can make on a daily basis. Getting a professional appraisal is a reliable way to determine what improvements will add value and what an applicable 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 stay on the market. 
|