Reasons to get an appraisal from All State Appraisal Partners, Inc.
To many, an appraisal is simply one more thing on the settlement sheet for a home purchase or refinance. And while there are a growing number of automated home valuation systems that might appear to be more prudent than an appraisal, the majority of lenders still call for a local expert because the stakes are incredibly high. Is obtaining a mortgage the only reason you should get an appraisal? Are there also situations when the services of a certified, independent real estate professional might be beneficial? Absolutely.
Dispute your tax assessment in Iredell County
If you live in an area where the value of property has depreciated, it's possible you're paying too much in property taxes. An appraisal from All State Appraisal Partners, Inc. is your best evidence when building your case. At All State Appraisal Partners, Inc., we're capable of assisting you in challenging your tax assessment.
Get rid of PMI to lower your mortgage payment
When the amount being loaned to the buyeris more than 80% of the actual value of the home, most lenders ask home buyers to buy this added insurance plan. That policy is Private Mortgage Insurance, or PMI. Most often, this additional payment is bundled into the monthly mortgage payment and is quickly forgotten. PMI isn't required when the remaining balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% level, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress that requires lenders to dismiss the PMI installments when the loan-to-value ratio conditions have been met.
If you'd like to eliminate PMI, All State Appraisal Partners, Inc. can provide you with a statement regarding the value of your home. The cost of the appraisal can usually be regained in just a few months because you'll no longer be paying the PMI.
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Divorce settlement with fewer hang-ups
A divorce can be a very daunting event for both parties, and it is often more complicated by the burdensome decision of who maintains the property. So both parties are completely aware of the true market value of their house, it's a good idea to get an appraisal from All State Appraisal Partners, Inc., regardless of the situation.
The parties will have a good idea of what price to set, if they need 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 loss of a loved one is a painful 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 highest 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 affairs, unlike wealthier individuals. And seeing that 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 received a fair deal.
Move to or from Iredell County for work
We know the stress associated with an employee relocation. That's why we take great care in establishing an accommodating appointment time for the appraisal inspection. During our thorough inspection, we encourage relocating employees to provide remarks on the positive characteristics of their property, as well as information about any new sales or listings in their area that they want considered.
Close on your home promptly — for the right price
A professional appraisal will help you make a better educated decision regarding your asking price, whether you decide to sell your home on your own or use the assistance 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 depend on our efforts to finish the appraisal report and not a percentage of the sales price.
We examine the difference in value items like an additional bathroom or a kitchen remodel can make on a daily basis. Seeking a professional appraisal is a trusted 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 are one the market.
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