Reasons to order an appraisal
Thousands of people in Florida purchase, sell or refinance their home each month. Most of these transactions include a simple line item for an appraisal. And even though there are an increasing number of automated home valuation methods that may appear more economical than an appraisal, the majority of lenders still call for a local expert because the stakes are very high. You might think that securing a mortgage is the only reason you should get an appraisal, but there are additional times when the services of a certified, independent real estate professional could be helpful.
Dispute your tax assessment in Hillsborough County
It's probable you're paying too much in property taxes if you reside in an area where property values have depreciated. Ad Valorem taxes are based upon a previous assessment of your real estate, so if prices have declined in your area, you can challenge your assessment and save money. An appraisal from Appraisal Services of Brandon, Inc . is your best evidence when building your case. We're equipped to assist you in appealing your tax assessment.
Eliminate PMI to lower your mortgage payment
When the amount being loaned to the buyeris more than 80% of the actual value of the home, many lenders ask buyers to buy this additional insurance policy. That policy is Private Mortgage Insurance, or PMI. Since the extra payment is usually lumped into the monthly mortgage payment, it is often forgotten. PMI is no longer required when the remainder of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress requiring lenders to remove the PMI installments when the loan-to-value ratio conditions have been met.
If you'd like to eliminate PMI, Appraisal Services of Brandon, Inc . can provide you with a statement regarding the value of your home. The price you paid for the home valuation can generally be offset in a short amount of time because you'll no longer be paying the PMI.
Get your appraisal from Appraisal Services of Brandon, Inc .Order online
Settle a divorce with less stress
A divorce can be a very daunting event for both parties, and it is often more complicated by the hard decision of who gets the property. It's a good idea to get an appraisal from Appraisal Services of Brandon, Inc . so both parties are completely aware of the true market value of their property, regardless of the circumstances.
If the parties wish to sell the home, they'll have a clearer picture of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.
Determine 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 residential property involved. We guarantee the fullest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Most Americans do not have dedicated estate planners or executors to handle these matters, unlike many wealthy individuals. And seeing that a home or other property often makes up an uneven share of the total estate value, understanding the true value of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've gotten a fair deal.
Move to or from Hillsborough County for work
Employee relocation can be a stressful event, and we understand. That's why we take great care in organizing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive characteristics of their property, as well as information regarding any recent sales or listings in their area that they want considered during our detailed inspection.
Sell your home quickly — at an accurate price
A professional appraisal can help you make a better educated decision regarding your selling price, whether you want to sell your home on your own or with the help of a real estate agent. An appraiser has no vested interest in what price the house sells for, apart from real estate agents. 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 additional bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long homesare on the market. So, getting a professional appraisal is a reliable way to determine 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.