Why you should get an appraisal from A. M. Appraisals
To many, an appraisal just looks like one more thing on the settlement sheet for a home sale or refinance. Practically all lenders still call in a local expert because the stakes are so high, even though there are a developing number of automated home valuation methods that may appear more practical than an appraisal. You might believe that getting a mortgage is the only reason you should get an appraisal, but there are other times when the services of a licensed, independent real estate professional could be helpful.
Challenge your tax assessment
If you are in an area where the property value has declined, it's possible you're paying too much in property taxes. An appraisal from A. M. Appraisals is your best evidence when building your case. We're equipped to assist you in challenging your tax assessment.
Eliminating PMI for mortgage payments
When the amount being loaned to the homeowneris more than 80% of the actual value of the property, almost all lenders ask buyers to take out this added insurance policy. That policy is Private Mortgage Insurance, or PMI. Since the added payment is usually folded into the monthly mortgage payment, it is often forgotten. PMI is no longer required when the leftover balance of the loan - whether through market appreciation or principal pay down - goes below the 80% level, making this very unfortunate. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress requiring lenders to eliminate the PMI payments when the loan-to-value ratio conditions have been met.
A. M. Appraisals can provide you with a statement regarding the value of your home, and the cost of the home valuation can often be recovered in little time because you'll no longer be paying the PMI.
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Settle a divorce with less stress
A divorce is often complicated by the difficult decision of who maintains the home, and it can be a very traumatic ordeal for both parties. It's a good idea to order an appraisal from A. M. Appraisals so both parties are completely aware of the true market value of their property, 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 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
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 residential property involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the maximum degree of discretion.
Unlike wealthier individuals, most Americans do not have dedicated estate planners or executors to take care of these issues. A home or other property often makes up an unequal 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 gotten a fair deal.
Move to or from Lexington County through an employee relocation program
Employee relocation is a stressful event, and we understand. That being said, we take great care in establishing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive attributes of their property, as well as information regarding any new sales or listings in their neighborhood that they want considered during our intensive inspection.
Sell your home quickly — for the right price
Whether you want 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 asking price. An appraiser has no vested interest in what price the house sells for, unlike real estate agents. Our fees aren't a percentage of the sales price, but rather they are calculated on our efforts to complete the appraisal report.
We determine the difference in value things like an additional bathroom or a kitchen remodel can make on a daily basis. Obtaining a professional appraisal is a trusted way to determine 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 homes are one the market.
Do you need some extra cash?
We can determine the value of your property so that the bank or mortgage company of your choice will know how much money to loan you. This is typically an essential step in the loan process.