6 Reasons to consider an appraisal from ASAP Appraisal Services, Inc.

Year after year, thousands of people in Arizona buy, sell or refinance their home. A lot of these transactions contain a simple line item for an appraisal. And even though there are a budding number of automated home valuation methods that might seem cheaper than an appraisal, most lenders still call in a local expert because the stakes are incredibly high. You might think that getting a mortgage is the only reason to acquire an appraisal, but there are more instances when the services of a licensed, independent real estate professional could be helpful.

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Appeal your tax assessment

If you live in an area where property values have declined, it's possible you're paying too much in property taxes. When building your case, an appraisal from us is your best evidence. At ASAP Appraisal Services, Inc., we're equipped to assist you in disputing your tax assessment.

Removing PMI for mortgage payments

When the amount being loaned to the buyeris more than 80% of the actual value of the property, nearly all lenders ask homeowners to buy this supplemental insurance policy. That policy is Private Mortgage Insurance, or PMI. This additional payment is often bundled into the monthly mortgage payment and is promptly forgotten. This is damaging because PMI is unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - dips below the 80% level. In fact, the Homeowners Protection Act (HPA) of 1998 was invoked by the United States Congress that requires lenders to dismiss the PMI payments when the loan-to-value ratio conditions have been met.

ASAP Appraisal Services, Inc. can produce a statement regarding the value of your home, and the cost of the home valuation can usually be regained in a short amount of time because you'll no longer be paying the PMI.

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Settle a divorce with fewer hang-ups

A divorce is often complicated by the challenging decision of who keeps the house, and it can be an especially daunting occurrence for both parties. It's a good idea to get an appraisal from ASAP Appraisal Services, Inc. so both parties are fully aware of the true market value of their house, regardless of the circumstances.

The parties will have a better idea of what price to set, if they want to sell the home. And 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 liquidation

The loss 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, ensuring the highest degree of discretion.

Most Americans do not have dedicated estate planners or executors to take care of these affairs, unlike many wealthy individuals. And since a home or other property often makes up a disproportionate share of the total estate value, knowing the true value of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've gotten a fair deal.

Relocate to or from Maricopa County through an employee relocation program

We understand the headaches associated with an employee relocation. That being said, we take great care in establishing an accommodating appointment time for the appraisal inspection. During our detailed inspection, we encourage relocating employees to provide feedback on the positive characteristics of their property, as well as information regarding any recent sales or listings in their area that they want considered.

Close on your home promptly — at an accurate price

Whether you decide to sell your home on your own or use the assistance of a real estate agent, a professional appraisal will help you make a better educated decision regarding your asking price. Unlike a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees aren't related to the sales price, but rather they are based on our efforts to finish the appraisal report.

On a daily basis, we analyze the difference in value things like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long housesare on the market. So, obtaining a professional appraisal is a reliable 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.

Let ASAP Appraisal Services, Inc. assist you in selling your home quickly at the right price