Why you should hire an appraiser

Thousands of people in Florida purchase, sell or refinance their home each month. Many of these transactions involve a simple line item for an appraisal. Nearly all lenders still call in a local expert because the stakes are incredibly high, even though there are a developing number of automated home valuation processes that might seem more practical than an appraisal. Is getting a mortgage the only basis for getting an appraisal? Are there other cases when the services of a licensed, independent real estate professional could be helpful? You bet.

Let Greater Orlando Appraisal Assoc., Inc. help you lower your mortgage payment

Appeal your tax assessment

It's likely you're paying too much in property taxes if you reside in an area where property values have depreciated. Ad Valorem taxes are based upon a past assessment of your house, so if prices are less than what they used to be in your area, you can appeal your assessment and save money. When building your case, an appraisal from us is your best evidence. We're qualified to assist you in appealing your tax assessment.

PMI removal to lower your mortgage payment

When the amount being loaned to the home owneris more than 80% of the actual value of the real estate, nearly all lenders ask buyers to purchase this additional insurance plan. That policy is Private Mortgage Insurance, or PMI. More often than not, this extra payment is folded into the monthly mortgage payment and is quickly forgotten. PMI isn't necessary when the remaining 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 passed a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to do away with the PMI installments when the loan-to-value ratio conditions have been met.

Greater Orlando Appraisal Assoc., Inc. can give you a statement regarding the value of your home, and the cost of the home valuation can usually be offset in just a few months because you'll no longer be paying the PMI.

Order your appraisal from Greater Orlando Appraisal Assoc., Inc. today

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Settle a divorce with less stress

A divorce can be an especially traumatic event for both parties, and it is often 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 Greater Orlando Appraisal Assoc., Inc. so both parties are entirely aware of the true market value of their home.

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.

Determine an accurate and fair valuation for estate liquidation

The 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 Fair Market Value for the residential property involved. We guarantee the fullest 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 wealthier individuals. A home or other property often makes up an unequal share of the total estate value, so knowing the true value of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've received a fair deal.

Move to or from Orange County for work

We know the headaches involved with an employee relocation. That being said, we take great care in organizing a convenient appointment time for the appraisal inspection. During our thorough inspection, we recommend relocating employees to provide feedback on the positive characteristics of their property, along with information regarding any new sales or listings in their area that they want considered.

Close on your home promptly — for an accurate price

A professional appraisal can help you make a more informed decision regarding your asking price, whether you choose 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 complete the appraisal report.

On a daily basis, we analyze the difference in value items like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long homesstay on the market. So, seeking a professional appraisal is a reliable way to determine 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 an unnecessarily long time.

Let Greater Orlando Appraisal Assoc., Inc. help you sell your home quickly at the right price