Why you should order an appraisal from Montgomery Appraisal Associates, LLCEach year, thousands of people in Alabama purchase, sell or refinance their home. Many of these transactions consist of a simple line item for an appraisal. And even though there are a developing number of automated home valuation methods that may seem more practical than an appraisal, most lenders still call in a local expert because the stakes are so high. But is securing a mortgage the only reason to get an appraisal? Are there also times when the services of a licensed, independent real estate professional could come in handy? You bet.
Let Montgomery Appraisal Associates, LLC help you appeal your tax assessment in Montgomery CountyIf you live in an area where the value of property has depreciated, it's possible you're paying too much in property taxes. An appraisal from Montgomery Appraisal Associates, LLC is your best evidence when building your case. At Montgomery Appraisal Associates, LLC, we're capable of assisting you in disputing your tax assessment.
Montgomery Appraisal Associates, LLC can help you eliminate PMI to lower your mortgage paymentWhen the amount being loaned to the home buyer is more than 80% of the actual value of the property, almost all lenders ask homeowners to buy an added 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. PMI is unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - dips below the 80% mark, making this very unfortunate. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to eliminate the PMI installments when the loan-to-value ratio conditions have been met.
If you'd like to eliminate PMI, Montgomery Appraisal Associates, LLC will provide you with a statement regarding the value of your home. The price you paid for the appraisal can often be regained in just a few months because you'll no longer be paying the PMI.
Settling a divorce with less stressA divorce can be a very daunting experience for both parties, and it is often more complicated by the difficult decision of who maintains the house. It's a good idea to order an appraisal from Montgomery Appraisal Associates, LLC so both parties are fully aware of the true market value of their house, regardless of the circumstances.
If the parties wish to sell the home, they'll have a better 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.
Settling an estate with peace of mindThe loss 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 Market Value for the residential property involved. We guarantee 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 handle these affairs, unlike many wealthy individuals. A home or other property often makes up an uneven share of the total estate value, so knowing the true value of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've gotten an honest deal.
Relocating to or from Montgomery County?We know the stress involved with an employee relocation. That's why we take great care in setting up a convenient appointment time for the appraisal inspection. During our detailed process, we suggest relocating employees to provide input on the positive attributes of their property, along with information regarding any current sales or listings in their area that they want considered.
Don't sell out short or let your home stay on the market too long.Whether you decide to sell your home on your own or use the assistance of a real estate agent, a professional appraisal can help you make a better educated decision when determining your selling price. Separate from a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees are derived from our efforts to perform the appraisal report and and aren't related to the sales price.
On a daily basis, we examine the difference in value items like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long properties are on the market. So, obtaining a professional appraisal is a reliable way to decide 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 for an extended amount of time.