Why you should order an appraisal
To a lot of people, an appraisal just looks like another cost in the long list of items for a home purchase or refinance. Almost all lenders still need a local expert because the stakes are so high, even though there are a developing number of automated home valuation methods that might appear to be more economical than an appraisal. Is securing a mortgage the only reason to get an appraisal? Are there additional cases when the services of a certified, independent real estate professional might be helpful? You bet.
Challenge your tax assessment
If you reside in an area where the value of property has depreciated, it's possible you're paying too much in property taxes. An appraisal from ASAP Appraisal Services, Inc. is your best evidence when building your case. We're capable of assisting you in appealing your tax assessment.
Get rid of PMI to lower your mortgage payment
When the amount being loaned to the homeowneris more than 80% of the actual value of the property, almost all lenders ask homeowners to buy this supplemental insurance plan. That policy is Private Mortgage Insurance, or PMI. Since the added payment is usually bundled into the monthly mortgage payment, it is often forgotten. PMI becomes unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark, making this very unfortunate. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress that requires lenders to remove the PMI installments when the loan-to-value ratio conditions have been met.
ASAP Appraisal Services, Inc. will produce a statement regarding the value of your home, and the expense of the home valuation can generally be regained in a short amount of time because you'll no longer be paying the PMI.
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Divorce settlement with less stress
A divorce is often complicated by the difficult decision of who keeps the house, and it can be a very horrible experience 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 home, regardless of the circumstances.
The parties will have a clearer picture 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 gotten a fair assessment.
Accurate and fair estate liquidation
The death of 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 residential property involved. We ensure the utmost 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 take care of these matters, unlike many wealthy individuals. A home or other property often makes up an unequal share of the total estate value, so understanding the true worth of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've received a fair deal.
Relocate to or from Maricopa County for work
We understand the stress associated with an employee relocation. We take great care in organizing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive features 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 quickly — for the right price
Whether you choose to sell your home on your own or with the help of a real estate agent, a professional appraisal will help you make a more informed decision when determining your selling price. Apart from a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees rest on our efforts to complete the appraisal report and not a percentage of the sales price.
On a daily basis, we examine the difference in value things like an extra bathroom or a kitchen remodel can make. Getting a professional appraisal is a reliable 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, because we're experts in knowing how long properties stay on the market.