Reasons to order an appraisalTo a lot of us, an appraisal just looks like a line item on the break-sheet for a mortgage or refinance. Nearly all lenders still call in a local expert because the stakes are very high, even though there are a developing number of automated home valuation processes that might seem less expensive than an appraisal. You might believe that securing a mortgage is the only reason to get an appraisal, but there are other times when the services of a licensed, independent real estate professional could come in handy. 
Contest your tax assessmentIf you reside in an area where the property value has declined, it's possible you're paying too much in property taxes. When building your case, an appraisal from us is your best evidence. We can assist you in challenging your tax assessment. PMI removal to lower your mortgage paymentWhen the amount being loaned to the home buyeris more than 80% of the actual value of the property, almost all lenders ask homeowners to purchase this extra insurance plan. That policy is Private Mortgage Insurance, or PMI. More often than not, this added payment is folded into the monthly mortgage payment and is promptly forgotten. This is bad because PMI isn't necessary when the leftover balance of the loan - whether through market appreciation or principal pay down - dips below the 80% mark. 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. Prestige Appraisal, LLC will provide you with a statement regarding the value of your home, and the cost of the appraisal can often be regained in little time because you'll no longer be paying the PMI. Order an appraisal from Prestige Appraisal, LLC Order todaySettle a divorce with fewer hang-upsA divorce is often complicated by the difficult decision of who keeps the house, and it can be a very daunting event for both parties. It's a good idea to order an appraisal from Prestige Appraisal, LLC so both parties are completely aware of the true market value of their home, regardless of the situation. If the parties wish to sell the home, they'll have a better idea of what price to set. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've gotten a fair assessment. Ascertain an accurate and fair valuation for estate liquidationThe death of a loved one is a difficult time in life, and settling an estate from a death, or probate, often calls for an appraisal to establish Fair Market Value for the real estate involved. We ensure the maximum degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP). Most Americans don't have dedicated estate planners or executors to handle these issues, unlike wealthier individuals. 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 essential importance to ensuring disputing parties leave knowing they've received a fair deal. Relocate to or from Jackson County for workEmployee relocation is a stressful event, and we understand. That being said, we take great care in setting up a convenient appointment time for the appraisal inspection. During our intensive inspection, we recommend relocating employees to provide remarks on the positive features of their property, as well as information regarding any new sales or listings in their area that they want considered. Close on your home promptly — at an accurate priceA professional appraisal can help you make a better educated decision when determining your selling price, whether you choose 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 are based on our efforts to complete the appraisal report and and aren't related to the sales price. We analyze the difference in value things like an extra bathroom or a kitchen remodel can make on a daily basis. 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, because we're experts in knowing how long houses stay on the market. 
|