Why you should order an appraisal from Prestige Appraisal, LLC
To a lot of people, an appraisal is simply a line item in the long list of items for a home purchase or refinance. Even though there are a developing number of automated home valuation methods that may seem more cost-effective than an appraisal, the majority of lenders still call in a local expert because the stakes are very high. Is obtaining 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 be beneficial? Of course there are.
Dispute your tax assessment
If you live in an area where the property value has depreciated, it's possible you're paying too much in property taxes. When building your case, an appraisal from us is your best evidence. At Prestige Appraisal, LLC, we're capable of assisting you in disputing your tax assessment.
Getting rid of your PMI for mortgage payments
When the amount being loaned to the home buyeris more than 80% of the actual value of the property, almost all lenders ask homeowners to take out this supplemental insurance policy. That policy is Private Mortgage Insurance, or PMI. Since the extra payment is usually folded into the monthly mortgage payment, it is often forgotten. This is damaging because PMI becomes unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - goes below the 80% mark. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) requiring 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, Prestige Appraisal, LLC will produce a statement regarding the value of your home. The expense of the home valuation can usually be regained in just a few months because you'll no longer be paying the PMI.
Get your appraisal from Prestige Appraisal, LLCOrder online
Get a clear valuation on a home take make a divorce settlement less stressful
A divorce is a very daunting ordeal for the parties involved, and it is often even more complicated by the burdensome decision of who gets the property. Regardless of the circumstances, it's a good idea to order an appraisal from Prestige Appraisal, LLC so both parties are completely aware of the true market value of their home.
If the parties need 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 death 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 real estate involved. We ensure the maximum degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Most Americans do not have dedicated estate planners or executors to take care of these matters, unlike wealthy individuals. And since a home or other property often makes up an uneven share of the total estate value, understanding the true value of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've received an honest deal.
Move to or from Jackson County for work
We are aware of the stress associated with an employee relocation. That being said, we take great care in setting up an accommodating appointment time for the appraisal inspection. During our thorough inspection, we encourage relocating employees to provide feedback on the positive characteristics of their property, along with information about any new sales or listings in their area that they want considered.
Sell your home promptly — at the right price
Whether you choose to sell your home on your own or with the help of a real estate agent, a professional appraisal can help you make a more informed decision when determining your selling price. Unlike a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees aren't a percentage of the sales price, but rather they depend on our efforts to complete the appraisal report.
On a daily basis, we examine the difference in value items like an extra bathroom or a kitchen remodel can make. Obtaining a professional appraisal is a trusted way to decide 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 stay on the market.