Reasons to order an appraisal from AA Advanced AppraisalsTo a lot of people, an appraisal just looks like another fee in the long list of items 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 budding number of automated home valuation methods that may seem more economical than an appraisal. But is getting a mortgage the only reason you should get an appraisal? Are there additional cases when the services of a licensed, independent real estate professional could come in handy? You bet.
Let AA Advanced Appraisals help you appeal your tax assessment in Livingston CountyIf you live in an area where property values have declined, it's possible you're paying too much in property taxes. An appraisal from AA Advanced Appraisals is your best evidence when building your case. At AA Advanced Appraisals,we can assist you in appealing your tax assessment.
Eliminating PMI will lower your mortgage paymentWhen the amount being loaned to the homebuyer is more than 80% of the actual value of the real estate, almost all lenders ask homebuyers to take out an extra insurance plan. That policy is Private Mortgage Insurance, or PMI. Since the additional payment is usually folded into the monthly mortgage payment, it is often forgotten. This is bad because PMI isn't necessary when the leftover balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% level. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress requiring lenders to dismiss the PMI payments when the balance is paid down to 78% of the original value.
AA Advanced Appraisals will give you a statement regarding the value of your home, and the cost of the appraisal can generally be recovered in a short amount of time because you'll no longer be paying the PMI.
Settling a divorce with less stressA divorce is an especially traumatic experience for the parties involved, and it is often further complicated by the troublesome decision of who keeps the house. So both parties are completely aware of the true market value of their property, it's a good idea to get an appraisal from AA Advanced Appraisals, regardless of the situation.
The parties will have a clearer picture of what price to set, if they want to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.
Fair and accurate estate liquidationThe 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 Market Value for the real estate involved. We ensure the utmost 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 manage these matters, unlike wealthier individuals. A home or other property often makes up a disproportionate share of the total estate value, so understanding the true value of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've received a fair deal.
Relocating to or from Livingston County?We know the stress involved with an employee relocation. We take great care in organizing a convenient appointment time for the appraisal inspection. During our thorough process, we suggest employees that are moving to provide feedback on the positive features of their property, along with information about any new sales or listings in their area that they want considered.
Sell your home quickly at the right priceWhether 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 better educated decision when determining your asking price. Unlike a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees are calculated on our efforts to complete the appraisal report and and aren't related to the sales price.
On a daily basis, we analyze the difference in value items like an additional bathroom or a kitchen remodel can make. Getting 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 houses are one the market.