Why you should order an appraisal

Year after year, thousands of people in Florida purchase, sell or refinance their home. Most of these transactions have a simple line item for an appraisal. Even though there are a growing number of automated home valuation methods that might appear to be more cost-effective than an appraisal, the majority of lenders still call for a local expert because the stakes are so high. You might believe that obtaining a mortgage is the only reason to get an appraisal, but there are additional cases when the services of a certified, independent real estate professional might come in handy.

Let Greater Orlando Appraisal Assoc., Inc. assist you in lowering your mortgage payment

Challenge your tax assessment in Orange County

It's likely you're paying too much in property taxes if you reside in an area where property values have declined. Ad Valorem taxes are based upon a past assessment of your house, so if prices have declined in your area, you can challenge 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.

Getting rid of your PMI for mortgage payments

Private Mortgage Insurance, or PMI, is an extra insurance plan that most lenders ask homebuyers to purchase when the amount being loaned to the homeowner is more than 80% of the actual value of the property. This additional payment is often lumped into the monthly mortgage payment and is quickly forgotten. This is bad because PMI becomes unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - falls below the 80% level. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to dismiss the PMI installments when the loan-to-value ratio conditions have been met.

Greater Orlando Appraisal Assoc., Inc. can produce a statement regarding the value of your home, and the price you paid for the appraisal can usually be regained in just a few months because you'll no longer be paying the PMI.

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Divorce settlement with fewer hang-ups

A divorce is often complicated by the burdensome decision of who keeps the property, and it can be an especially horrible occurrence for both parties. So both parties are fully aware of the true market value of their property, it's a good idea to order an appraisal from Greater Orlando Appraisal Assoc., Inc., regardless of the circumstances.

If the parties want 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 gotten a fair assessment.

Fair and accurate estate liquidation

The loss of a loved one is a hard 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. 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 matters, unlike many wealthy individuals. And seeing that a home or other property often makes up an uneven share of the total estate value, knowing the true value of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've received an honest deal.

Move to or from Orange County through an employee relocation program

We know the headaches associated with an employee relocation. We take great care in establishing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive attributes of their property, as well as information regarding any recent sales or listings in their area that they want considered during our intensive inspection.

Close on your home promptly — for the right price

Whether you choose to sell your home on your own or use the assistance of a real estate agent, a professional appraisal will help you make a better educated decision regarding your asking price. An appraiser has no vested interest in what price the house sells for, unlike real estate agents. Our fees aren't related to the sales price, but rather they depend on our efforts to finish the appraisal report.

On a daily basis, we determine the difference in value items like an extra 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 properties stay on the market.

Let Greater Orlando Appraisal Assoc., Inc. assist you in selling your home quickly at the right price