Reasons you should order an appraisal from Personal Service Realty's Residential Valuation Group

To a lot of us, an appraisal just looks like one more thing in the long list of items for a mortgage or refinance. Nearly all lenders still want a local expert because the stakes are very high, even though there are a developing number of automated home valuation systems that may seem cheaper than an appraisal. Is securing a mortgage the only reason to acquire an appraisal? Are there also times when the services of a licensed, independent real estate professional could come in handy? Of course there are.

Let Personal Service Realty's Residential Valuation Group help you lower your mortgage payment

Appeal your tax assessment

If you live in an area where the property value has declined, it's possible you're paying too much in property taxes. An appraisal from Personal Service Realty's Residential Valuation Group is your best evidence when building your case. At Personal Service Realty's Residential Valuation Group, we're capable of assisting you in challenging your tax assessment.

PMI removal to lower a mortgage payment

Private Mortgage Insurance, or PMI, is a supplemental insurance plan that nearly all lenders ask homeowners to purchase when the amount being loaned to the homeowner is more than 80% of the actual value of the real estate. More often than not, this extra payment is folded into the monthly mortgage payment and is soon forgotten. This is unfavorable because PMI is no longer required when the remaining balance of the loan - whether through market appreciation or principal pay down - dips below the 80% level. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to eliminate the PMI payments 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 appraisal can usually be regained in little time because you'll no longer be paying the PMI.

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Settle a divorce with less stress

A divorce can be a very horrible event for both parties, and it is often more complicated by the burdensome decision of who keeps the house. 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 property, regardless of the situation.

The parties will have a a good idea of what price to set, if they wish to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation.

Determine an accurate and fair valuation for estate liquidation

Losing 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. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the maximum degree of discretion.

Unlike many wealthy individuals, most Americans don't have dedicated estate planners or executors to take care of these affairs. 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 essential importance to ensuring disputing parties leave knowing they've gotten a fair deal.

Relocate to or from Duval County through an employee relocation program

We are familiar with the headaches involved with an employee relocation. 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 aspects of their property, as well as information about any current sales or listings in their area that they want considered during our thorough inspection.

Close on your home quickly — for an accurate price

A professional appraisal will help you make a more informed decision regarding your asking 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 aren't related to the sales price, but rather they depend on our efforts to finish the appraisal report.

We analyze the difference in value things like an additional bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long propertiesstay on the market. So, obtaining 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.

Let Personal Service Realty's Residential Valuation Group assist you in selling your home quickly at the right price