Reasons to get an appraisalYear after year, thousands of people in Nevada purchase, sell or refinance their home. A lot of these transactions have a simple line item for an appraisal. And even though there are an increasing number of automated home valuation methods that might seem more practical than an appraisal, the majority of lenders still want a local expert because the stakes are very high. You might think that getting a mortgage is the only reason to get an appraisal, but there are additional times when the services of a licensed, independent real estate professional might be helpful.
Let Advanced Appraisal Services help you dispute your tax assessment in Alpine CountyIf you live in an area where property values have depreciated, it's possible you're paying too much in property taxes. An appraisal from Advanced Appraisal Services is your best evidence when building your case. At Advanced Appraisal Services, we're equipped to assist you in appealing your tax assessment.Removing PMI will lower your mortgage paymentWhen the amount being loaned to the home buyer is more than 80% of the actual value of the property, most lenders ask buyers to buy an additional insurance plan. That policy is Private Mortgage Insurance, or PMI. Seeing that additional payment is usually lumped into the monthly mortgage payment, it is often forgotten. PMI becomes unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - falls below the 80% level, making this very unfavorable. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to eliminate the PMI installments when the loan-to-value ratio conditions have been met.If you'd like to do away with PMI, Advanced Appraisal Services will give you a statement regarding the value of your home. The price you paid for the home valuation can usually be recovered in just a few months because you'll no longer be paying the PMI. An appraisal from Advanced Appraisal Services will help you settle a divorce with less stressA divorce is often complicated by the difficult decision of who maintains the house, and it can be an especially heartbreaking ordeal for both parties. So both parties are completely aware of the true market value of their house, it's a good idea to order an appraisal from Advanced Appraisal Services, regardless of the situation.If the parties want to sell the home, they'll have a a good 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 assessment. Settling an estate with peace of mindLosing a loved one is a difficult 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. We ensure 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 take care of these affairs, unlike wealthy 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 leave knowing they've received an honest deal. Relocating to or from Alpine County?Moving due to a job change can be a real painWe know where you're coming from! That being said, we take great care in establishing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive features of their property, along with information about any new sales or listings in their area that they want considered during our thorough process.Let Advanced Appraisal Services help you sell your home quickly at the right priceWhether you want to sell your home on your own or use the assistance of a real estate agent, a professional appraisal can help you make a more informed decision when determining your asking price. An appraiser has no vested interest in what amount the house sells for, which is different than the interest of real estate agents. 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 things like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long properties stay on the market. So, seeking a professional appraisal is a trusted way to determine 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 too long, costing you time and money. |