Let Prestige Appraisal, LLC handle your appraisal needs
To many, an appraisal just looks like another fee on the break-sheet for a home purchase or refinance. The majority of lenders still call in a local expert because the stakes are incredibly high, even though there are an increasing number of automated home valuation processes that may appear cheaper than an appraisal. You might assume that getting a mortgage is the only basis for getting an appraisal, but there are other situations when the services of a licensed, independent real estate professional might be helpful.
Dispute your tax assessment in Jackson County
If you reside in an area where the property value has declined, it's possible you're paying too much in property taxes. An appraisal from Prestige Appraisal, LLC is your best evidence when building your case. We're capable of assisting you in disputing your tax assessment.
Removing PMI for mortgage payments
Private Mortgage Insurance, or PMI, is an added insurance policy that almost all lenders ask homebuyers to buy when the amount being loaned to the buyer is more than 80% of the actual value of the property. More often than not, this additional payment is bundled into the monthly mortgage payment and is soon forgotten. This is damaging because PMI becomes unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - dips below the 80% mark. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to do away with the PMI payments when the loan-to-value ratio conditions have been met.
Prestige Appraisal, LLC can provide you with a statement regarding the value of your home, and the price you paid for the home valuation can generally be recovered in just a few months because you'll no longer be paying the PMI.
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Divorce settlement with less stress
A divorce is a very traumatic ordeal for the parties involved, and it is often further complicated by the challenging decision of who keeps the property. Regardless of the situation, it's a good idea to get an appraisal from Prestige Appraisal, LLC so both parties are fully aware of the true market value of their house.
If the parties want to sell the home, they'll have a a good idea of what price to set. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation.
Ascertain a fair and accurate valuation for estate liquidation
Losing a loved one is a difficult time in life, and settling an estate from a death, or probate, often requires 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, ensuring the highest degree of discretion.
Most Americans do not have dedicated estate planners or executors to take care of these issues, unlike wealthier individuals. And since a home or other property often makes up an uneven share of the total estate value, understanding the true worth of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've received a fair deal.
Move to or from Jackson County through an employee relocation program
Employee relocation can be a stressful event, and we understand. We take great care in organizing an accommodating appointment time for the appraisal inspection. During our detailed inspection, we recommend relocating employees to provide feedback on the positive features of their property, as well as information regarding any new sales or listings in their area that they want considered.
Sell your home promptly — at an accurate price
Whether you decide to sell your home on your own or use the assistance of a real estate agent, a professional appraisal will help you make a more informed decision regarding your asking price. Apart from a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees aren't related to the sales price, but rather they depend on our efforts to complete the appraisal report.
On a daily basis, we analyze the difference in value things like an additional bathroom or a kitchen remodel can make. And we're experts in knowing how long housesstay on the market. So, obtaining a professional appraisal is a trusted 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.