There are lots of reasons people call on Alabama Appraisal CompanyTo a lot of us, an appraisal is simply a line item in the long list of items for a mortgage or refinance. While there are a growing number of automated home valuation systems that may appear to be more cost-effective than an appraisal, the majority of lenders still want a local expert because the stakes are incredibly high. But is securing a mortgage the only reason to get an appraisal? Are there more situations when the services of a licensed, independent real estate professional could come in handy? Absolutely.
Let Alabama Appraisal Company help you dispute your tax assessment in De Kalb CountyIt's likely you're paying too much in property taxes if you live in an area where property values have depreciated. Property taxes are based upon a previous assessment of your real estate, so if values are less than what they used to be in your area, you can appeal your assessment and save money. An appraisal from Alabama Appraisal Company is your best evidence when building your case. At Alabama Appraisal Company,we can assist you in disputing your tax assessment.
Eliminating PMI will lower your mortgage paymentWhen the amount being loaned to the homeowner is more than 80% of the actual value of the home, many lenders ask buyers to purchase an added insurance plan. That policy is Private Mortgage Insurance, or PMI. This additional payment is often folded into the monthly mortgage payment and is soon forgotten. PMI is unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - dips below the 80% level, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was approved by the United States Congress requiring lenders to eliminate the PMI payments when the balance is paid down to 78% of the original value.
If you'd like to eliminate PMI, Alabama Appraisal Company will produce a statement regarding the value of your home. The expense of the home valuation can usually be offset in a short amount of time because you'll no longer be paying the PMI.
Settling a divorce with less stressA divorce is often complicated by the burdensome decision of who maintains the property, and it can be an especially heartbreaking event for both parties. So both parties are entirely aware of the true market value of their property, it's a good idea to order an appraisal from Alabama Appraisal Company, regardless of the situation.
The parties will have a clearer picture of what price to set, if they want to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation.
Settling an estate with peace of mindThe loss 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 Market Value for the real estate involved. We ensure the utmost degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Unlike wealthy individuals, most Americans don't have dedicated estate planners or executors to handle these affairs. A home or other property often makes up a disproportionate share of the total estate value, so knowing the true value of the real estate at hand is of significant importance to ensuring disputing parties leave knowing they've gotten a fair deal.
Relocating to or from De Kalb County?We understand the stress involved with an employee relocation. That's why we take great care in setting up a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive characteristics of their property, as well as information about any new sales or listings in their area that they want considered during our detailed process.
Let Alabama Appraisal Company help you sell your home quickly at the right priceA professional appraisal can help you make a better educated decision when determining your asking price, whether you choose 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 price the house sells for. Our fees are derived from our efforts to finish the appraisal report and not a percentage of the sales price.
On a daily basis, we examine the difference in value items like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long homes stay on the market. So, obtaining a professional appraisal is a trusted way to determine 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 for an extended amount of time.