Appraisal Studio in Winter Garden perform appraisals for a variety of clientsTo many, an appraisal just looks like a line item in the long list of items for a mortgage or refinance. Practically all lenders still want a local expert because the stakes are so high, even though there are a growing number of automated home valuation methods that may appear to be more economical than an appraisal. But is getting a mortgage the only basis for getting an appraisal? Are there also situations when the services of a certified, independent real estate professional might be helpful? Absolutely.
Dispute your tax assessment in Orange CountyIt's likely you're paying too much in property taxes if you live in an area where property values have depreciated. Ad Valorem taxes are determined by a past assessment of your home, so if values are less than what they used to be in your neighborhood, you can challenge your assessment and save money. When building your case, an appraisal from Appraisal Studio is your best evidence. At Appraisal Studio, we're qualified to assist you in challenging your tax assessment.
Let Appraisal Studio help you lower your mortgage paymentWhen the amount being loaned to the homeowner is more than 80% of the actual value of the property, nearly all lenders ask homeowners to purchase an supplemental insurance policy. That policy is Private Mortgage Insurance, or PMI. Since the extra payment is usually lumped into the monthly mortgage payment, it is often forgotten. This is damaging because PMI is unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - dips below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress requiring lenders to eliminate the PMI payments on most mortgages when the balance is paid down to 78% of the original value.
Appraisal Studio will give you a statement regarding the value of your home, and the cost of the home valuation can generally be offset in just a few months because you'll no longer be paying the PMI.
Settling a divorce with less stressA divorce is a particularly heartbreaking event for the parties involved, and it is often even more complicated by the challenging decision of who keeps the property. Regardless of the circumstances, it's a good idea to get an appraisal from Appraisal Studio so both parties are completely aware of the true market value of their property.
If the parties need to sell the home, they'll have a a good idea of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair assessment.
Trustworthy estate liquidationThe death of a loved one is a hard time in life, and settling an estate from a death, or probate, often calls for 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 highest degree of discretion.
Unlike wealthier individuals, most Americans do not have dedicated estate planners or executors to take care of these matters. A home or other property often makes up a disproportionate share of the total estate value, so knowing the true value of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've gotten a fair deal.
Let Appraisal Studio help you with relocating to or from Orange CountyEmployee relocation can be a stressful event. We know where you're coming from. We take great care in organizing an accommodating appointment time for the appraisal inspection. During our detailed process, we recommend employees that are moving to provide remarks on the positive characteristics of their property, as well as information about any recent sales or listings in their area that they want considered.
Selling your home quickly at the right priceWhether you decide to sell your home on your own or with the help of a real estate agent, a professional appraisal can help you make a more informed decision regarding your asking price. An appraiser has no vested interest in what amount the house sells for, unlike real estate agents. Our fees depend on our efforts to finish the appraisal report and and aren't related to the sales price.
We determine the difference in value things like an additional bathroom or a kitchen remodel can make on a daily basis. Obtaining 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 - because we're experts in knowing how long houses stay on the market.