There are lots of reasons consumers call on Appraise It FloridaTo a lot of us, an appraisal is simply one more thing in the long list of items for a mortgage or refinance. Even though there are a growing number of automated home valuation processes that may appear cheaper than an appraisal, almost all lenders still want a local expert because the stakes are very high. You might think that securing a mortgage is the only reason you should get an appraisal, but there are other situations when the services of a certified, independent real estate professional might be helpful.
Challenge your tax assessment in Hernando CountyIt's possible you're paying too much in property taxes if you reside in an area where property values have declined. Ad Valorem taxes are based upon a previous assessment of your house, so if values have declined in your area, you can appeal your assessment and save money. When building your case, an appraisal from Appraise It Florida is your best evidence. At Appraise It Florida,we can assist you in disputing your tax assessment.
Let Appraise It Florida help you eliminate PMI to lower your mortgage paymentPrivate Mortgage Insurance, or PMI, is an additional insurance policy that almost all lenders ask homeowners to buy when the amount being loaned to the home buyer is more than 80% of the actual value of the property. This additional payment is often bundled into the monthly mortgage payment and is promptly forgotten. This is unfortunate because PMI becomes unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - goes below the 80% level. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress that requires lenders to dismiss the PMI payments when the balance is paid down to 78% of the original value.
If you'd like to eliminate PMI, Appraise It Florida can produce a statement regarding the value of your home. The expense of the home valuation can often be recovered in just a few months because you'll no longer be paying the PMI.
Settling a divorce with less stressA divorce is often complicated by the difficult decision of who keeps the home, and it can be an especially heartbreaking ordeal for both parties. Regardless of the situation, it's prudent to get an appraisal from Appraise It Florida so both parties are fully aware of the true market value of their property.
If the parties wish 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.
Settling an estate with peace of mindThe death of a loved one is a difficult time in life, and settling an estate from a death, or probate, often requires an appraisal to establish Market Value for the residential property involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the fullest degree of discretion.
Most Americans do not have dedicated estate planners or executors to take care of these matters, unlike wealthy individuals. And seeing that a home or other property often makes up a disproportionate share of the total estate value, understanding the precise value of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've received a fair deal.
Relocating to or from Hernando CountyMoving due to a job change can be a more than just an inconvenience. We know where you're coming from. That being said, we take great care in setting up a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive features of their property, along with information about any recent sales or listings in their area that they want considered during our detailed process.
Selling your home quickly at the right priceA professional appraisal will help you make a better educated decision when determining your asking price, whether you want to sell your home on your own or with the help of a real estate agent. An appraiser has no vested interest in what amount the house sells for, unlike real estate agents. The price we charge isn't related to the sales price, but rather they rest on our efforts to finish the appraisal.
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 properties stay on the market. So, seeking a professional appraisal is a reliable way to determine what improvements will add value and what a suitable sales price is for your home so you don't come up short or have your house on the market an unnecessarily long time.