Reasons to get an appraisal
Thousands of people in Arizona buy, sell or refinance their home every year. Many of these transactions consist of a simple line item for an appraisal. 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 systems that may appear more practical than an appraisal. 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 be beneficial? Absolutely.
Contest your tax assessment in Pinal County
If you live in an area where property values have declined, it's possible you're paying too much in property taxes. An appraisal from Powers Real Estate Services, LLC is your best evidence when building your case. We can assist you in appealing your tax assessment.
Get rid of PMI to lower your mortgage payment
Private Mortgage Insurance, or PMI, is an extra insurance plan that most lenders ask home buyers to buy when the amount being loaned to the homeowner is more than 80% of the actual value of the property. More often than not, this added payment is folded into the monthly mortgage payment and is promptly forgotten. This is bad because PMI isn't necessary when the remaining balance of the loan - whether through market appreciation or principal pay down - falls below the 80% level. In fact, the United States Congress implemented 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.
Powers Real Estate Services, LLC will give you a statement regarding the value of your home, and the cost of the home valuation can generally 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 particularly daunting experience for both parties, and it is often even more complicated by the burdensome decision of who maintains the home. So both parties are fully aware of the true market value of their property, it's a good idea to order an appraisal from Powers Real Estate Services, LLC, regardless of the circumstances.
If the parties wish to sell the home, they'll have a better idea of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation.
Determine a fair and accurate valuation for estate liquidation
The loss of a loved one is a difficult 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 highest degree of discretion.
Unlike many wealthy individuals, most Americans don't have dedicated estate planners or executors to take care of these issues. A home or other property often makes up a disproportionate share of the total estate value, so knowing the true worth 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 Pinal County through an employee relocation program
We know the headaches involved with an employee relocation. That being said, we take great care in setting up a convenient 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 area that they want considered during our detailed inspection.
Sell your home promptly — for an accurate price
A professional appraisal can help you make a more informed decision regarding your asking price, whether you decide 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 a percentage of the sales price, but rather they are based on our efforts to complete the appraisal report.
We examine the difference in value items like an additional bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long housesstay on the market. So, getting 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.