Reasons to hire an appraiser

To a lot of us, an appraisal just looks like another cost on the settlement sheet for a mortgage or refinance. While there are a growing number of automated home valuation systems that may appear more cost-effective than an appraisal, the majority of lenders still want a local expert because the stakes are very high. You might believe that obtaining a mortgage is the only basis for getting an appraisal, but there are more times when the services of a certified, independent real estate professional could be beneficial.

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Challenge your tax assessment in Cobb County

It's quite possible you're paying too much in property taxes if you live in an area where property values have depreciated. Property taxes are determined by a previous assessment of your home, so if values have gone down in your neighborhood, you can appeal your assessment and save money. An appraisal from Allatoona Appraisal is your best evidence when building your case. At Allatoona Appraisal, we're equipped to assist you in disputing your tax assessment.

Getting rid of your PMI for mortgage payments

When the amount being loaned to the buyeris more than 80% of the actual value of the home, many lenders ask buyers to take out this supplemental insurance plan. That policy is Private Mortgage Insurance, or PMI. Since the extra payment is usually bundled into the monthly mortgage payment, it is often forgotten. PMI is unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - dips below the 80% level, making this very unfortunate. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented 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 get rid of PMI, Allatoona Appraisal can produce a statement regarding the value of your home. The price you paid for the appraisal can generally be regained in just a few months because you'll no longer be paying the PMI.

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Get a clear valuation on a home for divorce settlements

A divorce is a particularly horrible ordeal for the parties involved, and it is often even more complicated by the troublesome decision of who maintains the property. So both parties are fully aware of the true market value of their property, it's a good idea to get an appraisal from Allatoona Appraisal, regardless of the situation.

If the parties wish 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 gotten a fair evaluation.

Determine a fair and accurate valuation for estate liquidation

The loss of a loved one is a difficult 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 highest degree of discretion.

Unlike many wealthy 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 understanding the true worth of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've gotten a fair deal.

Move to or from Cobb County through an employee relocation program

We are familiar with the headaches involved with an employee relocation. We take great care in establishing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive features of their property, as well as information about any new sales or listings in their neighborhood that they want considered during our thorough inspection.

Sell your home quickly — for an accurate price

A professional appraisal will help you make a better educated decision when determining your selling price, whether you choose to sell your home on your own or use the assistance of a real estate agent. Apart from a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees aren't related to the sales price, but rather they rest on our efforts to finish the appraisal report.

On a daily basis, we determine the difference in value things like an extra bathroom or a kitchen remodel can make. Getting 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, because we're experts in knowing how long properties are one the market.

Let Allatoona Appraisal help you sell your home quickly at the right price