Why you should get an appraisal
To a lot of people, an appraisal is simply one more thing on the break-sheet for a home purchase or refinance. Almost all lenders still want a local expert because the stakes are so high, even though there are an increasing number of automated home valuation processes that might appear less expensive than an appraisal. Is securing a mortgage the only basis for getting an appraisal? Are there additional situations when the services of a licensed, independent real estate professional might be helpful? You bet.
Appeal your tax assessment
It's possible you're paying too much in property taxes if you reside in an area where property values have declined. Property taxes are determined by a previous assessment of your house, so if values have declined in your area, you can appeal your assessment and save money. An appraisal from Advantage Appraisal Services, LLC is your best evidence when building your case. We can assist you in disputing your tax assessment.
Getting rid of your PMI for mortgage payments
Private Mortgage Insurance, or PMI, is an added insurance plan that many lenders ask homeowners to purchase when the amount being loaned to the homeowner is more than 80% of the actual value of the home. This extra payment is often bundled into the monthly mortgage payment and is soon forgotten. This is unfortunate because PMI isn't required when the remainder of the loan - whether through market appreciation or principal pay down - dips below the 80% level. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress requiring lenders to dismiss the PMI payments when the loan-to-value ratio conditions have been met.
If you'd like to eliminate PMI, Advantage Appraisal Services, LLC can provide you with a statement regarding the value of your home. The cost of the appraisal can often be offset in a short amount of time because you'll no longer be paying the PMI.
Get your appraisal from Advantage Appraisal Services, LLCOrder today
Settle a divorce with fewer hang-ups
A divorce is a particularly daunting ordeal for the parties involved, and it is often even more complicated by the hard decision of who maintains the property. It's a good idea to get an appraisal from Advantage Appraisal Services, LLC so both parties are completely aware of the true market value of their house, regardless of the circumstances.
If the parties want to sell the home, they'll have a better idea of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.
Accurate and fair estate liquidation
Losing a loved one is a difficult 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. We guarantee the maximum degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Unlike many wealthy individuals, most Americans do not have dedicated estate planners or executors to manage these issues. A home or other property often makes up a disproportionate share of the total estate value, so understanding the true value of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've received an honest deal.
Relocate to or from Bingham County for work
Employee relocation is a stressful event, and we understand. That being said, we take great care in establishing a convenient appointment time for the appraisal inspection. During our detailed inspection, we encourage relocating employees to provide input on the positive attributes of their property, along with information about any new sales or listings in their area that they want considered.
Sell your home quickly — at an accurate price
A professional appraisal can 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. Unlike a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees aren't a percentage of the sales price, but rather they are calculated on our efforts to complete the appraisal report.
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 housesstay on the market. So, getting a professional appraisal is a trusted way to decide what improvements will add value and what an appropriate sales price is for your home so you don't come up short or have your house on the market an unnecessarily long time.