Let Central Alabama Appraisal serve your appraisal needsTo many, an appraisal is simply another fee in the long list of items for a mortgage or refinance. And while there are a multiplying number of automated home valuation processes that may seem more cost-effective than an appraisal, most lenders still need a local expert because the stakes are incredibly high. Is getting a mortgage the only reason you should get an appraisal? Are there also times when the services of a certified, independent real estate professional could come in handy? You bet. 
Challenge your tax assessmentIt'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 determined by a previous assessment of your house, so if prices have gone down in your neighborhood, you can appeal your assessment and save money. When building your case, an appraisal from us is your best evidence. We're capable of assisting you in challenging your tax assessment. PMI removal to reduce your mortgage paymentWhen the amount being loaned to the home owneris more than 80% of the actual value of the real estate, almost all lenders ask home buyers to purchase this added insurance policy. That policy is Private Mortgage Insurance, or PMI. Seeing that extra payment is usually folded into the monthly mortgage payment, it is often forgotten. This is unfavorable because PMI is unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - falls below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was invoked by the United States Congress that requires lenders to dismiss the PMI payments when the loan-to-value ratio conditions have been met. Central Alabama Appraisal can provide you with 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. Get your appraisal from Central Alabama Appraisal Order todayDivorce settlement with less stressA divorce can be a particularly daunting experience for both parties, and it is often further complicated by the difficult decision of who maintains the house. So both parties are fully aware of the true market value of their home, it's a good idea to order an appraisal from Central Alabama Appraisal, regardless of the situation. If the parties wish to sell the home, they'll have a a good idea 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 evaluation. Ascertain an accurate and fair valuation for estate liquidationLosing a loved one is a difficult time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Fair Market Value for the residential property involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the maximum degree of discretion. Most Americans do not have dedicated estate planners or executors to take care of these issues, unlike many wealthy individuals. A home or other property often makes up an unequal 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 leave knowing they've received a fair deal. Relocate to or from Elmore County through an employee relocation programEmployee relocation can be a stressful event, and we understand. 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 about any new sales or listings in their neighborhood that they want considered during our detailed inspection. Close on your home promptly — at an accurate priceWhether you want 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 selling price. An appraiser has no vested interest in what amount the house sells for, unlike real estate agents. Our fees rest on our efforts to complete the appraisal report and and aren't related to the sales price. On a daily basis, we examine the difference in value items like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long homesstay on the market. So, 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. 
|