Reasons to order an appraisal from Appraisal Services of Brandon, Inc .
To a lot of us, an appraisal is simply a line item in the long list of items for a home sale or refinance. The majority of lenders still want a local expert because the stakes are very high, even though there are a growing number of automated home valuation systems that may seem more prudent than an appraisal. You might assume that getting a mortgage is the only reason to acquire an appraisal, but there are additional cases when the services of a licensed, independent real estate professional could be beneficial.
Appeal your tax assessment
It's probable you're paying too much in property taxes if you reside in an area where property values have declined. Ad Valorem taxes are determined by a previous assessment of your real estate, so if values have declined in your neighborhood, you can appeal your assessment and save money. An appraisal from Appraisal Services of Brandon, Inc . is your best evidence when building your case. At Appraisal Services of Brandon, Inc ., we're qualified to assist you in challenging your tax assessment.
PMI removal to reduce your mortgage payment
Private Mortgage Insurance, or PMI, is an additional insurance policy that most lenders ask homebuyers to buy when the amount being loaned to the buyer is more than 80% of the actual value of the real estate. This added payment is often folded into the monthly mortgage payment and is soon forgotten. This is unfortunate because PMI is unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - goes below the 80% mark. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to dismiss the PMI installments when the loan-to-value ratio conditions have been met.
Appraisal Services of Brandon, Inc . can give you a statement regarding the value of your home, and the cost of the appraisal can often be offset in just a few months because you'll no longer be paying the PMI.
Order an appraisal from Appraisal Services of Brandon, Inc .Order online
Settle a divorce with fewer hang-ups
A divorce can be an especially horrible ordeal for both parties, and it is often more complicated by the burdensome decision of who maintains the house. Regardless of the circumstances, it's a good idea to get an appraisal from Appraisal Services of Brandon, Inc . so both parties are entirely aware of the true market value of their property.
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.
Ascertain an accurate and fair valuation for estate liquidation
The loss of a loved one is a difficult 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 maximum degree of discretion.
Unlike wealthy individuals, most Americans don't have dedicated estate planners or executors to take care of these matters. A home or other property often makes up an unequal share of the total estate value, so knowing the true value of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've gotten a fair deal.
Move to or from Hillsborough County for work
We understand the headaches involved with an employee relocation. That being said, we take great care in setting up a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive characteristics of their property, as well as information about any new sales or listings in their neighborhood that they want considered during our detailed inspection.
Sell 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 can help you make a better educated decision regarding your selling price. An appraiser has no vested interest in what amount the house sells for, unlike real estate agents. Our fees are based on our efforts to complete the appraisal report and not a percentage of the sales price.
On a daily basis, we determine the difference in value items like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long homesare on the market. So, seeking a professional appraisal is a reliable way to decide 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.