6 Reasons you should order an appraisal from Central Alabama AppraisalThousands of people in Alabama buy, sell or refinance their home every month. Many of these transactions have a simple line item for an appraisal. Almost all lenders still call for a local expert because the stakes are so high, even though there are a growing number of automated home valuation systems that may appear to be more cost-effective than an appraisal. Is getting a mortgage the only reason you should get an appraisal? Are there more situations when the services of a licensed, independent real estate professional might come in handy? Of course there are. 
Challenge your tax assessmentIt's quite possible you're paying too much in property taxes if you reside in an area where property values have declined. Ad Valorem taxes are determined by a past assessment of your house, so if prices have declined in your area, you can appeal your assessment and save money. An appraisal from Central Alabama Appraisal is your best evidence when building your case. At Central Alabama Appraisal, we're equipped to assist you in challenging your tax assessment. Eliminating PMI for mortgage paymentsPrivate Mortgage Insurance, or PMI, is an extra insurance policy that almost all lenders ask homebuyers to purchase when the amount being loaned to the buyer is more than 80% of the actual value of the real estate. Most often, this extra payment is 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 Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress requiring lenders to dismiss the PMI payments when the loan-to-value ratio conditions have been met. If you'd like to eliminate PMI, Central Alabama Appraisal can produce a statement regarding the value of your home. The cost of the home valuation can generally be recovered in a short amount of time because you'll no longer be paying the PMI. Order your appraisal from Central Alabama Appraisal today Order onlineDivorce settlement with less stressA divorce is often complicated by the troublesome decision of who keeps the house, and it can be a very traumatic event for both parties. It's a good idea to get an appraisal from Central Alabama Appraisal so both parties are fully aware of the true market value of their property, regardless of the situation. The parties will have a clearer picture of what price to set, if they wish to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation. Accurate and fair 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 Fair Market Value for the real estate involved. We guarantee the maximum degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP). 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 uneven 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 received an honest deal. Move to or from Elmore County through an employee relocation programWe 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. During our thorough inspection, we recommend relocating employees to provide feedback on the positive features of their property, along with information about any current sales or listings in their neighborhood that they want considered. Close on your home quickly — 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 better educated decision when determining your selling price. 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 rest on our efforts to finish the appraisal report. We determine 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 propertiesare on the market. So, seeking 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. 
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