Why you should order an appraisal from Appraisal Services of Brandon, Inc .
Thousands of people in Florida buy, sell or refinance their home each year. Most of these transactions consist of a simple line item for an appraisal. Almost all lenders still need a local expert because the stakes are incredibly high, even though there are a multiplying number of automated home valuation systems that might appear to be more practical than an appraisal. You might believe that securing a mortgage is the only basis for getting an appraisal, but there are additional instances when the services of a licensed, independent real estate professional might be helpful.
Dispute your tax assessment in Hillsborough County
It's likely you're paying too much in property taxes if you live in an area where property values have depreciated. Ad Valorem taxes are determined by a previous assessment of your home, so if values are less than what they used to be in your area, you can appeal your assessment and save money. When building your case, an appraisal from us is your best evidence. We're equipped to assist you in disputing your tax assessment.
PMI removal to reduce your mortgage payment
When the amount being loaned to the home buyeris more than 80% of the actual value of the home, almost all lenders ask home owners to purchase this additional insurance plan. That policy is Private Mortgage Insurance, or PMI. Oftentimes, this extra payment is bundled into the monthly mortgage payment and is quickly forgotten. This is unfavorable because PMI is no longer required 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 invoked by the United States Congress that requires lenders to dismiss the PMI payments when the loan-to-value ratio conditions have been met.
If you'd like to do away with PMI, Appraisal Services of Brandon, Inc . will give you a statement regarding the value of your home. The price you paid for the appraisal can often be offset in little time because you'll no longer be paying the PMI.
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Get a clear valuation on a home take make a divorce settlement less stressful
A divorce can be a particularly daunting ordeal for both parties, and it is often further complicated by the challenging decision of who maintains the house. So both parties are completely aware of the true market value of their home, it's a good idea to get an appraisal from Appraisal Services of Brandon, Inc ., regardless of the circumstances.
If the parties need to sell the home, they'll have a a good idea of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation.
Accurate and fair estate liquidation
Losing a loved one is a hard time in life, and settling an estate from a death, or probate, often requires 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 highest degree of discretion.
Unlike wealthy individuals, most Americans do not have dedicated estate planners or executors to manage these affairs. And seeing that a home or other property often makes up an uneven share of the total estate value, understanding the true worth of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've gotten an honest deal.
Relocate to or from Hillsborough County for work
Employee relocation is a stressful event, and we understand. That being said, we take great care in organizing a convenient appointment time for the appraisal inspection. During our intensive inspection, we encourage relocating employees to provide feedback on the positive attributes of their property, as well as information regarding any recent sales or listings in their area that they want considered.
Close on your home quickly — at an accurate price
Whether you decide to sell your home on your own or with the help of a real estate agent, a professional appraisal will help you make a better educated decision regarding your selling price. Apart from a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees aren't a percentage of the sales price, but rather they depend on our efforts to finish the appraisal report.
We examine the difference in value things like an extra bathroom or a kitchen remodel can make on a daily basis. Obtaining a professional appraisal is a reliable way to decide 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 houses are one the market.