Reasons to get an appraisal from ASAP Appraisal Group
To a lot of us, an appraisal just looks like another cost on the settlement sheet for a mortgage or refinance. Even though there are a multiplying number of automated home valuation processes that may seem more economical than an appraisal, the majority of lenders still call in a local expert because the stakes are very high. Is securing a mortgage the only reason to get an appraisal? Are there additional instances when the services of a certified, independent real estate professional might be helpful? Of course.
Dispute your tax assessment in Polk County
It's likely you're paying too much in property taxes if you reside in an area where property values have declined. Property taxes are based upon a previous assessment of your real estate, so if values have declined in your area, you can appeal your assessment and save money. When building your case, an appraisal from us is your best evidence. At ASAP Appraisal Group, we're equipped to assist you in disputing your tax assessment.
PMI removal to reduce a mortgage payment
Private Mortgage Insurance, or PMI, is an additional insurance plan that most lenders ask home owners to purchase when the amount being loaned to the buyer is more than 80% of the actual value of the real estate. Since the additional payment is usually folded into the monthly mortgage payment, it is often forgotten. This is unfavorable because PMI isn't required when the remaining balance of the loan - whether through market appreciation or principal pay down - goes below the 80% level. 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.
ASAP Appraisal Group can provide you with a statement regarding the value of your home, and the price you paid for the appraisal can generally be regained in a short amount of time because you'll no longer be paying the PMI.
Get your appraisal from ASAP Appraisal GroupOrder today
Settle a divorce with less stress
A divorce can be a very traumatic experience for both parties, and it is often even more complicated by the difficult decision of who maintains the house. So both parties are fully aware of the true market value of their property, it's a good idea to get an appraisal from ASAP Appraisal Group, regardless of the situation.
If the parties want to sell the home, they'll have a a good 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 liquidation
Losing a loved one is a painful time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Fair Market Value for the real estate 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 don't have dedicated estate planners or executors to manage these affairs, unlike many wealthy 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 walk away knowing they've received an honest deal.
Relocate to or from Polk County for work
Employee relocation is 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 remarks on the positive aspects of their property, along with information regarding any current sales or listings in their neighborhood that they want considered during our thorough inspection.
Close on your home promptly — for an accurate price
A professional appraisal can help you make a better educated decision when determining your asking price, whether you decide to sell your home on your own or use the assistance of a real estate agent. An appraiser has no vested interest in what amount the house sells for, unlike real estate agents. Our fees aren't related to the sales price, but rather they rest on our efforts to finish the appraisal report.
We examine the difference in value items like an additional bathroom or a kitchen remodel can make on a daily basis. Obtaining a professional appraisal is a reliable 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, because we're experts in knowing how long houses stay on the market.