Reasons to order an appraisalEvery year, thousands of people in Florida purchase, sell or refinance their home. Most of these transactions have a simple line item for an appraisal. Most lenders still call for a local expert because the stakes are so high, even though there are a developing number of automated home valuation methods that may appear to be more prudent than an appraisal. But is getting a mortgage the only reason to acquire an appraisal? Are there additional cases when the services of a licensed, independent real estate professional could be beneficial? You bet.
Appeal your tax assessment in Miami-Dade CountyIt's probable 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 previous assessment of your real estate, so if prices are less than what they used to be in your neighborhood, you can challenge your assessment and save money. An appraisal from Accredited Appraisers, Inc. is your best evidence when building your case. At Accredited Appraisers, Inc., we're equipped to assist you in disputing your tax assessment.
How can you eliminate PMI to lower your mortgage payment?When the amount being loaned to the home owner is more than 80% of the actual value of the property, most lenders ask homebuyers to buy an added insurance plan. That policy is Private Mortgage Insurance, or PMI. Seeing that added payment is usually folded into the monthly mortgage payment, it is often forgotten. This is bad because PMI becomes unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - goes below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress that requires lenders to remove the PMI payments when the balance is paid down to 78% of the original value.
Accredited Appraisers, Inc. will produce a statement regarding the value of your home, and the expense of the home valuation can often be regained in little time because you'll no longer be paying the PMI.
Settling a divorce with less stressA divorce is an especially heartbreaking experience for the parties involved, and it is often more complicated by the burdensome decision of who maintains the house. So both parties are completely aware of the true market value of their house, it's a good idea to get an appraisal from Accredited Appraisers, Inc., regardless of the circumstances.
The parties will have a better idea of what price to set, if they need to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've gotten a fair assessment.
Settling an estate with peace of mindThe death of a loved one is a painful time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Market Value for the real estate involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the maximum degree of discretion.
Unlike wealthier individuals, most Americans do not have dedicated estate planners or executors to handle these matters. And since a home or other property often makes up an unequal share of the total estate value, understanding the certain 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 Miami-Dade CountyWe are aware of the headaches involved with an employee relocation. That's why we take great care in setting up an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive aspects of their property, as well as information about any recent sales or listings in their neighborhood that they want considered during our intensive process.
Selling your home quickly at the right price with an appraisal from Accredited Appraisers, Inc.Whether 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 better educated decision when determining your asking price. An appraiser has no vested interest in what price the house sells for, unlike real estate agents. Our fees aren't contingent upon the value opinion we render, but rather they depend on our efforts to finish the appraisal.
We analyze the difference in value items like an additional bathroom or a kitchen remodel can make on a daily basis. Obtaining a professional appraisal is a trusted way to determine what improvements will add value and what an appropriate 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 are one the market.