Reasons to order an appraisalTo many, an appraisal just looks like a line item in the long list of items for a home sale or refinance. Most lenders still call in a local expert because the stakes are very high, even though there are a multiplying number of automated home valuation systems that may seem more prudent than an appraisal. You might think that securing a mortgage is the only reason to acquire an appraisal, but there are more cases when the services of a certified, independent real estate professional could be helpful. 
Challenge your tax assessment in Jackson CountyIt's likely 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 past assessment of your real estate, so if prices are less than what they used to be in your area, you can challenge your assessment and save money. An appraisal from Prestige Appraisal, LLC is your best evidence when building your case. We can assist you in appealing your tax assessment. PMI removal to reduce a mortgage paymentPrivate Mortgage Insurance, or PMI, is an additional insurance policy that almost all lenders ask home buyers to buy when the amount being loaned to the home owner is more than 80% of the actual value of the real estate. This additional payment is often lumped into the monthly mortgage payment and is quickly forgotten. This is damaging because PMI is no longer required when the remainder of the loan - whether through market appreciation or principal pay down - goes below the 80% mark. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to dismiss the PMI payments when the loan-to-value ratio conditions have been met. If you'd like to do away with PMI, Prestige Appraisal, LLC can give you a statement regarding the value of your home. The price you paid for the home valuation can usually be regained in a short amount of time because you'll no longer be paying the PMI. Get your appraisal from Prestige Appraisal, LLC Order todaySettle a divorce with less stressA divorce is an especially daunting event for the parties involved, and it is often even more complicated by the troublesome decision of who keeps the house. Regardless of the circumstances, it's a good idea to order an appraisal from Prestige Appraisal, LLC so both parties are fully aware of the true market value of their property. The parties will have a clearer picture of what price to set, if they wish to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation. Determine a fair and accurate valuation for estate liquidationThe death of a loved one is a hard 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. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the fullest degree of discretion. Unlike wealthy individuals, most Americans do not have dedicated estate planners or executors to manage these issues. A home or other property often makes up an uneven 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 walk away knowing they've received an honest deal. Move to or from Jackson County for workWe understand the headaches associated with an employee relocation. That's why we take great care in setting up 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 inspection. Sell your home quickly — for the right priceWhether you decide to sell your home on your own or with the help of a real estate agent, a professional appraisal can help you make a more informed decision regarding your selling price. An appraiser has no vested interest in what price the house sells for, unlike real estate agents. Our fees are calculated on our efforts to complete the appraisal report and and aren't related to the sales price. We analyze the difference in value items like an additional bathroom or a kitchen remodel can make on a daily basis. 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, because we're experts in knowing how long houses stay on the market. 
|