Thousands of people in Florida buy, sell or refinance their home every month. Many of these transactions have a simple line item for an appraisal. Practically all lenders still call for a local expert because the stakes are incredibly high, even though there are a growing number of automated home valuation methods that might seem more prudent than an appraisal. But is getting a mortgage the only reason you should get an appraisal? Are there also cases when the services of a certified, independent real estate professional might come in handy? You bet.
For real estate appraisals in Aventura and Miami-Dade County, it's easiest when your order online from Home Appraisals, Inc., just click here.
Appeal your tax assessment in Miami-Dade County
It's probable you're paying too much in property taxes if you live in an area where property values have declined. Ad Valorem 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 challenge your assessment and save money. An appraisal from Home Appraisals, Inc. is your best evidence when building your case. At Home Appraisals, Inc.,we can assist you in appealing your tax assessment.
Let Home Appraisals, Inc. assist you in lowering your mortgage payment
Private Mortgage Insurance, or PMI, is an additional insurance policy that nearly all lenders ask homebuyers to buy when the amount being loaned to the home owner is more than 80% of the actual value of the home. Seeing that additional payment is usually folded into the monthly mortgage payment, it is often forgotten. PMI is unnecessary 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 implemented by the United States Congress requiring lenders to remove the PMI payments on most mortgages when the balance is paid down to 78% of the original value.
If you'd like to do away with PMI, Home Appraisals, Inc. can provide you with a statement regarding the value of your home. The price you paid for the appraisal can usually be recovered in little time because you'll no longer be paying the PMI.
An appraisal from Home Appraisals, Inc. will help you settle a divorce with less stress
A divorce is often complicated by the hard decision of who maintains the home, and it can be an especially traumatic experience for both parties. It's a good idea to order an appraisal from Home Appraisals, Inc. so both parties are fully aware of the true market value of their house, regardless of the situation.
If the parties need 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.
Settling an estate with peace of mind
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 Market Value for the residential property involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the utmost degree of discretion.
Unlike wealthy individuals, most Americans do not have dedicated estate planners or executors to manage these affairs. 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 walk away knowing they've received a fair deal.
Home Appraisals, Inc. can assist you in relocating to or from Miami-Dade County
We understand the stress involved with an employee relocation. That being said, we take great care in establishing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive features of their property, along with information about any new sales or listings in their neighborhood that they want considered during our thorough process.
Don't sell out short or let your home stay on the market too long.
Whether you decide to sell your home on your own or with the help of a real estate agent, a professional appraisal will help you make a better educated decision regarding your asking price. An appraiser has no vested interest in what price the house sells for, unlike real estate agents. Our fees aren't contingent upon the value we report, but rather they are based on our efforts to complete the appraisal.
We determine 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 homes are on the market. So, seeking 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 an unnecessarily long time.
