6 Reasons to order an appraisal from Personal Service Realty's Residential Valuation Group

Year after year, thousands of people in Florida purchase, sell or refinance their home. Many of these transactions contain a simple line item for an appraisal. Practically all lenders still call for a local expert because the stakes are very high, even though there are a growing number of automated home valuation systems that may seem less expensive than an appraisal. Is getting a mortgage the only reason you should get an appraisal? Are there other situations when the services of a certified, independent real estate professional might be beneficial? You bet there are.

Let Personal Service Realty's Residential Valuation Group assist you in lowering your mortgage payment

Appeal your tax assessment

It's possible you're paying too much in property taxes if you live in an area where property values have declined. Ad Valorem taxes are based upon a previous assessment of your real estate, so if values have declined in your area, you can appeal your assessment and save money. An appraisal from Personal Service Realty's Residential Valuation Group is your best evidence when building your case. We can assist you in disputing your tax assessment.

Remove PMI to lower your mortgage payment

Private Mortgage Insurance, or PMI, is an extra insurance plan that almost all lenders ask home buyers to purchase when the amount being loaned to the home owner is more than 80% of the actual value of the home. Very often, this additional payment is bundled into the monthly mortgage payment and is promptly forgotten. This is damaging because PMI isn't necessary when the leftover balance of the loan - whether through market appreciation or principal pay down - goes below the 80% mark. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to do away with the PMI installments when the loan-to-value ratio conditions have been met.

If you'd like to eliminate PMI, Personal Service Realty's Residential Valuation Group can provide you with a statement regarding the value of your home. The price you paid for 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 Personal Service Realty's Residential Valuation Group today

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Settle a divorce with fewer hang-ups

A divorce is often complicated by the hard decision of who maintains the home, and it can be a very horrible experience for both parties. Regardless of the situation, it's a good idea to get an appraisal from Personal Service Realty's Residential Valuation Group so both parties are fully aware of the true market value of their home.

The parties will have a clearer picture 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.

Determine an accurate and fair valuation for 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. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the fullest degree of discretion.

Most Americans don't have dedicated estate planners or executors to manage these matters, unlike many wealthy individuals. And since a home or other property often makes up a disproportionate share of the total estate value, knowing the true worth of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've gotten an honest deal.

Relocate to or from Duval County through an employee relocation program

We are familiar with the stress associated with an employee relocation. That being said, we take great care in setting up 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 new sales or listings in their neighborhood that they want considered during our detailed inspection.

Close on your home quickly — for the right price

A professional appraisal can help you make a more informed decision regarding your asking price, whether you decide to sell your home on your own or use the assistance of a real estate agent. An appraiser has no vested interest in what amount the house sells for, unlike real estate agents. Our fees aren't a percentage of the sales price, but rather they are calculated on our efforts to finish the appraisal report.

We analyze the difference in value things like an extra bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long homesare on the market. So, getting a professional appraisal is a reliable way to decide 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.

Let Personal Service Realty's Residential Valuation Group help you sell your home quickly at the right price