Let Greater Orlando Appraisal Assoc., Inc. attend to your appraisal needs
Every year, thousands of people in Florida purchase, sell or refinance their home. Many of these transactions have a simple line item for an appraisal. And while there are a budding number of automated home valuation methods that may appear to be less expensive than an appraisal, most lenders still call for a local expert because the stakes are very high. You might think that securing a mortgage is the only reason you should get an appraisal, but there are other situations when the services of a certified, independent real estate professional might be helpful.
Contest your tax assessment in Orange County
It's probable you're paying too much in property taxes if you live in an area where property values have depreciated. Property taxes are determined by a past assessment of your real estate, so if prices have gone down in your neighborhood, you can appeal your assessment and save money. When building your case, an appraisal from us is your best evidence. At Greater Orlando Appraisal Assoc., Inc., we're qualified to assist you in appealing your tax assessment.
Get rid of PMI to lower your mortgage payment
When the amount being loaned to the homeowneris more than 80% of the actual value of the home, many lenders ask home buyers to buy this extra insurance policy. That policy is Private Mortgage Insurance, or PMI. Most often, this additional payment is lumped into the monthly mortgage payment and is soon forgotten. PMI is no longer required when the leftover balance of the loan - whether through market appreciation or principal pay down - dips below the 80% level, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress requiring lenders to eliminate the PMI installments when the loan-to-value ratio conditions have been met.
If you'd like to eliminate PMI, Greater Orlando Appraisal Assoc., Inc. can produce a statement regarding the value of your home. The expense of the appraisal can usually be regained in a short amount of time because you'll no longer be paying the PMI.
Get your appraisal from Greater Orlando Appraisal Assoc., Inc.Order today
Divorce settlement with less stress
A divorce is often complicated by the strenuous decision of who maintains the property, and it can be a very horrible event for both parties. Regardless of the circumstances, it's a good idea to order an appraisal from Greater Orlando Appraisal Assoc., Inc. so both parties are entirely aware of the true market value of their property.
The parties will have a a good idea of what price to set, if they need to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've gotten a fair assessment.
Accurate and fair estate liquidation
The death of a loved one is a painful time in life, and settling an estate from a death, or probate, often requires an appraisal to establish Fair Market Value for the residential property 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 manage these affairs, unlike wealthier individuals. A home or other property often makes up an unequal share of the total estate value, so understanding the true worth of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've received an honest deal.
Move to or from Orange County through an employee relocation program
Employee relocation can be a stressful event, and we understand. That's why we take great care in organizing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive aspects of their property, along with information about any current sales or listings in their area that they want considered during our intensive inspection.
Close on your home promptly — at an accurate price
A professional appraisal can help you make a more informed decision regarding your asking price, whether you decide to sell your home on your own or use the assistance of a real estate agent. An appraiser has no vested interest in what amount the house sells for, unlike real estate agents. Our fees aren't a percentage of the sales price, but rather they rest on our efforts to finish the appraisal report.
On a daily basis, we examine the difference in value items like an additional bathroom or a kitchen remodel can make. Seeking a professional appraisal is a trusted way to decide 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, because we're experts in knowing how long houses are one the market.