Reasons to hire an appraiser

Thousands of people in Florida purchase, sell or refinance their home every month. A lot of these transactions consist of a simple line item for an appraisal. And even though there are a growing number of automated home valuation systems that may seem more prudent than an appraisal, most lenders still want a local expert because the stakes are incredibly high. You might assume that getting a mortgage is the only reason to acquire an appraisal, but there are more cases when the services of a certified, independent real estate professional might be beneficial.

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Let Personal Service Realty's Residential Valuation Group help you dispute your tax assessment in Duval County

If you live in an area where the value of property 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 qualified to assist you in challenging your tax assessment.

Personal Service Realty's Residential Valuation Group can help you do away with 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 home, many lenders ask homeowners to buy an extra insurance policy. That policy is Private Mortgage Insurance, or PMI. This added payment is often folded into the monthly mortgage payment and is quickly forgotten. PMI becomes unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - decreases below the 80% level, making this very unfortunate. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to dismiss the PMI payments when the loan-to-value ratio conditions have been met.

Personal Service Realty's Residential Valuation Group will provide you with a statement regarding the value of your home, and the cost of the appraisal can usually be recovered in a short amount of time because you'll no longer be paying the PMI.

Divorce settlement with less stress

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

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 received a fair assessment.

Fair and accurate estate liquidation

The loss of a loved one is a difficult time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Market Value for the residential property involved. We ensure the fullest 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 manage these affairs, unlike many wealthy individuals. A home or other property often makes up an uneven share of the total estate value, so knowing the true value of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've received an honest deal.

Let Personal Service Realty's Residential Valuation Group assist you in relocating to or from Duval County

We are familiar with the headaches involved with an employee relocation. That's why we take great care in establishing 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 current sales or listings in their neighborhood that they want considered during our detailed process.

Selling your home quickly at the right price with an appraisal from Personal Service Realty's Residential Valuation Group

A professional appraisal can help you make a more informed decision when determining your selling 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 contingent upon the value opinion we render, but rather they depend on our efforts to complete the appraisal.

On a daily basis, we examine the difference in value things like an additional bathroom or a kitchen remodel can make. And we're experts in knowing how long homes are on the market. So, getting a professional appraisal is a trusted 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.