Reasons to order an appraisal from ASAP Appraisal Services, Inc.
To many, an appraisal just looks like one more thing on the settlement sheet for a home purchase or refinance. Most lenders still need a local expert because the stakes are incredibly high, even though there are a budding number of automated home valuation systems that may appear more cost-effective than an appraisal. 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 might be beneficial.
Challenge your tax assessment
It's quite possible you're paying too much in property taxes if you live in an area where property values have depreciated. Ad Valorem taxes are based upon a past assessment of your house, so if prices have gone down in your neighborhood, you can challenge your assessment and save money. When building your case, an appraisal from us is your best evidence. We're equipped to assist you in challenging your tax assessment.
PMI removal to reduce your mortgage payment
Private Mortgage Insurance, or PMI, is an extra insurance plan that most lenders ask home buyers to purchase when the amount being loaned to the buyer is more than 80% of the actual value of the home. Very often, this additional payment is bundled into the monthly mortgage payment and is promptly forgotten. PMI becomes unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% level, making this very unfortunate. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to remove the PMI payments when the loan-to-value ratio conditions have been met.
If you'd like to eliminate PMI, ASAP Appraisal Services, Inc. will give you a statement regarding the value of your home. The expense of the appraisal can usually be recovered in just a few months because you'll no longer be paying the PMI.
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Divorce settlement with less stress
A divorce is a very daunting experience for the parties involved, and it is often further complicated by the challenging decision of who maintains the property. It's a good idea to order an appraisal from ASAP Appraisal Services, Inc. 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 a good idea of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation.
Ascertain a fair and accurate valuation for estate liquidation
Losing a loved one is a difficult time in life, and settling an estate from a death, or probate, often requires an appraisal to establish Fair Market Value for the real estate involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the fullest degree of discretion.
Most Americans do not have dedicated estate planners or executors to manage these affairs, unlike wealthy individuals. And seeing that a home or other property often makes up an unequal share of the total estate value, understanding the true worth of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've gotten an honest deal.
Move to or from Maricopa County through an employee relocation program
Employee relocation can be a stressful event, and we understand. That's why we take great care in establishing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive attributes of their property, as well as information about any current sales or listings in their neighborhood that they want considered during our detailed inspection.
Sell your home promptly — for the right 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, apart from real estate agents. Our fees rest on our efforts to complete the appraisal report and not a percentage of the sales price.
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 housesstay on the market. So, obtaining a professional appraisal is a trusted way to decide 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.