Why you should order an appraisal from Appraisal Services of Brandon, Inc .
To a lot of us, an appraisal just looks like one more thing on the settlement sheet for a home sale or refinance. Nearly all lenders still call for a local expert because the stakes are very high, even though there are a budding number of automated home valuation processes that might appear to be more economical than an appraisal. Is getting a mortgage the only reason you should get an appraisal? Are there additional cases when the services of a licensed, independent real estate professional could be helpful? You bet.
Challenge your tax assessment
It's likely you're paying too much in property taxes if you live in an area where property values have depreciated. Property taxes are determined by a previous assessment of your home, so if values have declined in your neighborhood, you can appeal your assessment and save money. When building your case, an appraisal from us is your best evidence. At Appraisal Services of Brandon, Inc ., we're capable of assisting you in challenging your tax assessment.
Eliminate PMI to lower your mortgage payment
Private Mortgage Insurance, or PMI, is an extra insurance plan that many lenders ask homebuyers to buy when the amount being loaned to the homebuyer is more than 80% of the actual value of the home. Very often, this extra payment is bundled into the monthly mortgage payment and is quickly forgotten. This is unfavorable because PMI becomes unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% level. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to do away with the PMI payments when the loan-to-value ratio conditions have been met.
If you'd like to get rid of PMI, Appraisal Services of Brandon, Inc . can give you a statement regarding the value of your home. The price you paid for the home valuation can usually be regained in little time because you'll no longer be paying the PMI.
Order an appraisal from Appraisal Services of Brandon, Inc .Order online
Divorce settlement with less stress
A divorce is often complicated by the burdensome decision of who maintains the home, and it can be an especially daunting event for both parties. It's a good idea to order an appraisal from Appraisal Services of Brandon, Inc . so both parties are entirely aware of the true market value of their home, 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 residential property involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the maximum degree of discretion.
Most Americans don't have dedicated estate planners or executors to manage these issues, 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 leave knowing they've received a fair deal.
Move to or from Hillsborough County for work
We are aware of the headaches involved with an employee relocation. That's why we take great care in establishing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive attributes of their property, as well as information regarding any new sales or listings in their area that they want considered during our thorough inspection.
Close on your home promptly — at the right price
Whether you want 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 asking price. An appraiser has no vested interest in what price the house sells for, apart from real estate agents. Our fees aren't related to the sales price, but rather they depend on our efforts to finish the appraisal report.
We examine 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, getting a professional appraisal is a trusted 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.