Reasons to consider an appraisal from ALL METRO ATLANTA APPRAISAL CO.
To many, an appraisal is simply another cost in the long list of items for a home purchase or refinance. Even though there are a growing number of automated home valuation processes that might appear cheaper than an appraisal, nearly all lenders still need a local expert because the stakes are incredibly high. You might think that obtaining a mortgage is the only basis for getting an appraisal, but there are other cases when the services of a licensed, independent real estate professional might be helpful.
Appeal your tax assessment
If you reside in an area where the value of property has depreciated, it's possible you're paying too much in property taxes. When building your case, an appraisal from us is your best evidence. We're capable of assisting you in challenging your tax assessment.
Removing PMI for mortgage payments
When the amount being loaned to the home buyeris more than 80% of the actual value of the property, nearly all lenders ask homeowners to take out this supplemental insurance plan. That policy is Private Mortgage Insurance, or PMI. Very often, this added payment is folded 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 - goes below the 80% mark, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress requiring lenders to dismiss the PMI installments when the loan-to-value ratio conditions have been met.
If you'd like to do away with PMI, ALL METRO ATLANTA APPRAISAL CO. will produce a statement regarding the value of your home. The price you paid for the appraisal can usually be offset in a short amount of time because you'll no longer be paying the PMI.
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Divorce settlement with fewer hang-ups
A divorce is a very traumatic event for the parties involved, and it is often more complicated by the challenging decision of who keeps the house. So both parties are fully aware of the true market value of their property, it's a good idea to get an appraisal from ALL METRO ATLANTA APPRAISAL CO., regardless of the circumstances.
If the parties want to sell the home, they'll have a clearer picture 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 evaluation.
Determine an accurate and fair valuation for estate liquidation
The loss 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 real estate involved. We ensure the highest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Most Americans do not have dedicated estate planners or executors to take care of these issues, unlike wealthy individuals. A home or other property often makes up an unequal share of the total estate value, so knowing the true worth of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've gotten a fair deal.
Relocate to or from Fayette County for work
Employee relocation is a stressful event, and we understand. That's why we take great care in establishing a convenient appointment time for the appraisal inspection. During our detailed inspection, we encourage relocating employees to provide input on the positive features of their property, along with information regarding any current sales or listings in their area that they want considered.
Close on your home promptly — at the right price
A professional appraisal will help you make a better educated decision regarding your selling price, whether you want to sell your home on your own or with the help of a real estate agent. An appraiser has no vested interest in what price the house sells for, apart from real estate agents. Our fees rest on our efforts to finish the appraisal report and not a percentage of the sales price.
We analyze the difference in value items like an additional bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long housesare on the market. So, getting a professional appraisal is a reliable 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 an unnecessarily long time.