6 Reasons you should order an appraisal from Allatoona Appraisal
To many, an appraisal just looks like another fee in the long list of items for a mortgage or refinance. Even though there are a budding number of automated home valuation systems that might seem less expensive than an appraisal, nearly all lenders still want a local expert because the stakes are very high. Is securing a mortgage the only reason to get an appraisal? Are there other situations when the services of a licensed, independent real estate professional could be beneficial? You bet.
Challenge your tax assessment in Cobb County
If you reside in an area where the value of property has declined, it's possible you're paying too much in property taxes. An appraisal from Allatoona Appraisal is your best evidence when building your case. We're capable of assisting you in appealing your tax assessment.
PMI removal to reduce your mortgage payment
Private Mortgage Insurance, or PMI, is an additional insurance plan that nearly all lenders ask home owners to buy when the amount being loaned to the homebuyer is more than 80% of the actual value of the property. Seeing that additional payment is usually bundled into the monthly mortgage payment, it is often forgotten. This is bad because PMI isn't required when the remaining balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was invoked by the United States Congress requiring lenders to do away with the PMI payments when the loan-to-value ratio conditions have been met.
If you'd like to do away with PMI, Allatoona Appraisal can produce a statement regarding the value of your home. The cost of the appraisal 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 less stress
A divorce can be a very traumatic experience for both parties, and it is often more complicated by the difficult decision of who keeps the home. It's a good idea to get an appraisal from Allatoona Appraisal so both parties are entirely aware of the true market value of their property, regardless of the circumstances.
If the parties wish to sell the home, they'll have a clearer picture of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.
Fair and accurate estate liquidation
The loss of a loved one is a painful time in life, and settling an estate from a death, or probate, often entails 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 utmost degree of discretion.
Unlike many wealthy individuals, most Americans don't have dedicated estate planners or executors to take care of these matters. A home or other property often makes up an uneven 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 gotten an honest deal.
Relocate to or from Cobb County for work
We know the headaches associated with an employee relocation. That's why we take great care in organizing an accommodating appointment time for the appraisal inspection. During our intensive inspection, we encourage relocating employees to provide input on the positive aspects of their property, along with information regarding any new sales or listings in their neighborhood that they want considered.
Sell your home quickly — at an accurate price
Whether you decide 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 regarding your asking price. An appraiser has no vested interest in what amount 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 analyze the difference in value items like an additional bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long housesare on the market. So, seeking a professional appraisal is a reliable way to decide 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.