Why you should hire an appraiserTo a lot of us, an appraisal just looks like another fee on the settlement sheet for a home purchase or refinance. The majority of lenders still call for a local expert because the stakes are very high, even though there are an increasing number of automated home valuation systems that might seem more economical than an appraisal. Is securing a mortgage the only reason to get an appraisal? Are there other cases when the services of a certified, independent real estate professional might come in handy? You bet. Contest your tax assessmentIf you are in an area where property values have depreciated, it's possible you're paying too much in property taxes. An appraisal from AAAnderson Associates Inc. is your best evidence when building your case. We can assist you in disputing your tax assessment. Getting rid of your PMI for mortgage paymentsPrivate Mortgage Insurance, or PMI, is an added insurance plan that many lenders ask home buyers to purchase when the amount being loaned to the buyer is more than 80% of the actual value of the real estate. This extra payment is often bundled into the monthly mortgage payment and is quickly forgotten. This is unfavorable because PMI isn't necessary when the leftover balance of the loan - whether through market appreciation or principal pay down - falls below the 80% level. 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. AAAnderson Associates Inc. 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. Order your appraisal from AAAnderson Associates Inc. today Order onlineDivorce settlement with less stressA divorce can be a particularly daunting event for both parties, and it is often even more complicated by the strenuous decision of who gets the property. It's a good idea to order an appraisal from AAAnderson Associates Inc. so both parties are fully aware of the true market value of their house, regardless of the circumstances. The parties will have a clearer picture of what price to set, if they wish to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment. Accurate and fair estate liquidationThe death of a loved one is a hard time in life, and settling an estate from a death, or probate, often calls for 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 take care of these affairs, unlike many wealthy individuals. A home or other property often makes up an unequal share of the total estate value, so understanding the true value of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've received a fair deal. Move to or from Clark County through an employee relocation programEmployee relocation can be a stressful event, and we understand. That being said, we take great care in organizing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive aspects of their property, as well as information regarding any recent sales or listings in their area that they want considered during our detailed inspection. Sell your home promptly — at an accurate priceA professional appraisal can help you make a better educated decision when determining your asking price, whether you decide to sell your home on your own or use the assistance of a real estate agent. Unlike a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees aren't a percentage of the sales price, but rather they rest on our efforts to complete the appraisal report. We analyze 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 housesare 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 an unnecessarily long time. |