Five reasons to order an appraisal from APB Appraisal
Individuals often associate an appraisal with a mortgage transaction and view it as a costly lender requirement, when obtaining a mortgage or refinancing. Is a mortgage related transaction the only practical reason for ordering an appraisal? Of course it's not. Listed below are five instances when an appraisal from a certified, independent real estate professional could be beneficial and within a few months save you money.
Removing Private Mortgage Insurance (PMI)
Most lenders require home buyers to purchase PMI when more than 80% of the actual value of the home is being borrowed. The added insurance payment is generally attached to the monthly mortgage payment and forgotten. APB Appraisal can help you remove PMI after a principal pay down or market appreciation. A document will be provided indicating the value of your home and your monthly PMI payment can be eliminate.
Appeal your tax assessment
If you live in an area where property values have declined it's conceivable you're paying too much in property tax. Your property taxes are determined by past home assessments and if values have declined an appeal can be made. A professional appraisal will have you well equipped with the tools you need to dispute your assessment.
Estate liquidation
Settling an estate can be a stressful job. It often requires an appraisal to establish Market Value for the real estate involved. Understanding its true value is very important and allows disputing parties to feel like they got a fair deal when walking away. At APB Appraisal, we understand the importance of confidentiality during these difficult times and guarantee the fullest degree of discretion.
Divorce settlements
A divorce can be stressful for both parties involved, and at some point the difficult decision of what to do with the real estate must be made. If the parties involved choose to sell the property an appraisal will give them a good idea of what the initial list price should be. If one of the parties involved chooses to stay in the property and a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.
FSBO (For Sale by Owner) list price
More people are choosing to sell their homes without utilizing real estate agents than ever before. They're able to save between 5-7% of the home's selling price by not paying a commission to the agent. Our appraisal services assist with setting a good initial listing price which can help your home avoid sitting on the market for months due to an unrealistically high initial list price. In order to make an educated decision regarding the initial listing price, we recommend utilizing an appraiser because they have no vested interest in what price the property sells for. Appraisal fees aren't related to the sales price of the property and are derived from efforts involved in completing an appraisal report.
Removing Private Mortgage Insurance (PMI)
Most lenders require home buyers to purchase PMI when more than 80% of the actual value of the home is being borrowed. The added insurance payment is generally attached to the monthly mortgage payment and forgotten. APB Appraisal can help you remove PMI after a principal pay down or market appreciation. A document will be provided indicating the value of your home and your monthly PMI payment can be eliminate.
Appeal your tax assessment
If you live in an area where property values have declined it's conceivable you're paying too much in property tax. Your property taxes are determined by past home assessments and if values have declined an appeal can be made. A professional appraisal will have you well equipped with the tools you need to dispute your assessment.
Estate liquidation
Settling an estate can be a stressful job. It often requires an appraisal to establish Market Value for the real estate involved. Understanding its true value is very important and allows disputing parties to feel like they got a fair deal when walking away. At APB Appraisal, we understand the importance of confidentiality during these difficult times and guarantee the fullest degree of discretion.
Divorce settlements
A divorce can be stressful for both parties involved, and at some point the difficult decision of what to do with the real estate must be made. If the parties involved choose to sell the property an appraisal will give them a good idea of what the initial list price should be. If one of the parties involved chooses to stay in the property and a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.
FSBO (For Sale by Owner) list price
More people are choosing to sell their homes without utilizing real estate agents than ever before. They're able to save between 5-7% of the home's selling price by not paying a commission to the agent. Our appraisal services assist with setting a good initial listing price which can help your home avoid sitting on the market for months due to an unrealistically high initial list price. In order to make an educated decision regarding the initial listing price, we recommend utilizing an appraiser because they have no vested interest in what price the property sells for. Appraisal fees aren't related to the sales price of the property and are derived from efforts involved in completing an appraisal report.