Let Greater Orlando Appraisal Assoc., Inc. attend to your appraisal needs
To a lot of us, an appraisal is simply a line item in the long list of items for a home sale or refinance. Nearly all lenders still want a local expert because the stakes are incredibly high, even though there are an increasing number of automated home valuation methods that might appear more cost-effective than an appraisal. Is obtaining a mortgage the only reason to acquire an appraisal? Are there also instances when the services of a certified, independent real estate professional might be helpful? Absolutely.
Contest your tax assessment
It's likely you're paying too much in property taxes if you live in an area where property values have depreciated. Ad Valorem taxes are determined by a past assessment of your real estate, so if prices have declined in your neighborhood, you can challenge your assessment and save money. When building your case, an appraisal from us is your best evidence. We're equipped to assist you in challenging your tax assessment.
Eliminating PMI for mortgage payments
When the amount being loaned to the homebuyeris more than 80% of the actual value of the property, nearly all lenders ask home owners to purchase this supplemental insurance plan. That policy is Private Mortgage Insurance, or PMI. Seeing that additional payment is usually bundled into the monthly mortgage payment, it is often forgotten. This is unfavorable because PMI is unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - falls below the 80% mark. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to remove the PMI payments when the loan-to-value ratio conditions have been met.
If you'd like to do away with PMI, Greater Orlando Appraisal Assoc., Inc. can produce a statement regarding the value of your home. The cost of the home valuation can often be recovered in a short amount of time because you'll no longer be paying the PMI.
Order your appraisal from Greater Orlando Appraisal Assoc., Inc. todayOrder online
Get a clear valuation on a home take make a divorce settlement less stressful
A divorce is often complicated by the troublesome decision of who keeps the house, and it can be a very horrible occurrence for both parties. It's a good idea to order an appraisal from Greater Orlando Appraisal Assoc., Inc. so both parties are fully aware of the true market value of their property, regardless of the circumstances.
The parties will have a good idea of what price to set, if they need to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair assessment.
Ascertain a fair and accurate valuation for estate liquidation
Losing a loved one is a hard time in life, and settling an estate from a death, or probate, often entails 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 utmost degree of discretion.
Most Americans don't have dedicated estate planners or executors to take care of these issues, unlike wealthier individuals. And seeing that a home or other property often makes up an uneven share of the total estate value, knowing the true worth of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've received a fair deal.
Move to or from Orange County through an employee relocation program
We know the stress associated with an employee relocation. We take great care in organizing an accommodating appointment time for the appraisal inspection. During our intensive inspection, we recommend relocating employees to provide remarks on the positive aspects of their property, along with information about any recent sales or listings in their area that they want considered.
Sell your home promptly — for an accurate price
A professional appraisal can help you make a better educated decision when determining your selling price, whether you want to sell your home on your own or use the assistance of a real estate agent. Unlike a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees depend on our efforts to complete the appraisal report and and aren't related to the sales price.
We examine the difference in value items like an additional bathroom or a kitchen remodel can make on a daily basis. Getting 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.