Why you should hire an appraiserTo many, an appraisal just looks like another fee in the long list of items for a mortgage or refinance. Most lenders still call for a local expert because the stakes are incredibly high, even though there are a multiplying number of automated home valuation processes that may appear to be more practical than an appraisal. You might assume that getting a mortgage is the only reason to get an appraisal, but there are other times when the services of a licensed, independent real estate professional might come in handy.If you reside in an area where property values have declined, it's possible you're paying too much in property taxes. When building your case, an appraisal from Arizona Valleywide Appraisals, LLC is your best evidence. We're qualified to assist you in challenging your tax assessment. Click here to learn more. Let Arizona Valleywide Appraisals, LLC help you do away with PMI to lower your mortgage payment When the amount being loaned to the home buyer is more than 80% of the actual value of the property, almost all lenders ask home buyers to take out this extra insurance policy. That policy is Private Mortgage Insurance, or PMI. Very often, this extra payment is folded into the monthly mortgage payment and is soon forgotten. This is unfavorable because PMI is unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - goes below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress requiring lenders to remove the PMI installments when the loan-to-value ratio conditions have been met. If you'd like to do away with PMI, Arizona Valleywide Appraisals, LLC can produce a statement regarding the value of your home. The cost of the appraisal can often be recovered in a short amount of time because you'll no longer be paying the PMI. Click here for more information. Settling a divorce with less stress with an appraisal from Arizona Valleywide Appraisals, LLC A divorce is often complicated by the burdensome decision of who gets the property, and it can be a very horrible event for both parties. It's a good idea to order an appraisal from Arizona Valleywide Appraisals, LLC so both parties are fully aware of the true market value of their house, regardless of the situation. The parties will have a a good idea of what price to set, if they wish to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation. 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 calls for an appraisal to establish Fair Market Value for the residential property involved. We guarantee the fullest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP). Unlike many wealthy individuals, most Americans don't have dedicated estate planners or executors to take care of these affairs. And seeing that a home or other property often makes up an uneven share of the total estate value, knowing the true value of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've received an honest deal. Click here to learn more. Let Arizona Valleywide Appraisals, LLC help you with relocating to or from Maricopa County We are familiar with the headaches associated with an employee relocation. That's why we take great care in establishing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive attributes of their property, along with information about any recent sales or listings in their neighborhood that they want considered during our detailed inspection. Click here to learn more. Sell your home quickly at the right price with an appraisal from Arizona Valleywide Appraisals, LLC Whether you want to sell your home on your own or use the assistance of a real estate agent, a professional appraisal will help you make a better educated decision regarding your selling price. An appraiser has no vested interest in what price the house sells for, unlike real estate agents. Our fees are calculated on our efforts to complete the appraisal report and and aren't related to the sales price. We analyze the difference in value things like an additional bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long properties are one the market. So, getting a professional appraisal is a trusted way to determine 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. Click here for more information. |