Reasons you should order an appraisal from Powers Real Estate Services, LLC
To a lot of people, an appraisal is simply one more thing in the long list of items for a mortgage or refinance. Nearly all lenders still need a local expert because the stakes are very high, even though there are an increasing number of automated home valuation methods that may seem cheaper than an appraisal. You might believe that securing a mortgage is the only reason to get an appraisal, but there are other times when the services of a certified, independent real estate professional might be helpful.
Challenge your tax assessment
If you reside 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're capable of assisting you in disputing your tax assessment.
Eliminating PMI for mortgage payments
When the amount being loaned to the homebuyeris more than 80% of the actual value of the property, most lenders ask buyers to buy this added insurance policy. That policy is Private Mortgage Insurance, or PMI. This added payment is often lumped into the monthly mortgage payment and is soon forgotten. PMI is unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - goes below the 80% mark, making this very unfavorable. 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 provide you with a statement regarding the value of your home, and the cost of the home valuation can often be offset in a short amount of time because you'll no longer be paying the PMI.
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Divorce settlement with less stress
A divorce is an especially daunting ordeal for the parties involved, and it is often even more complicated by the burdensome decision of who maintains the property. So both parties are entirely aware of the true market value of their house, it's a good idea to order an appraisal from Powers Real Estate Services, LLC, regardless of the situation.
The parties will have a better idea of what price to set, if they need to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've gotten a fair assessment.
Determine an accurate and fair valuation for estate liquidation
The death 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 Fair Market Value for the real estate involved. We ensure the utmost 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 matters, unlike wealthier 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 a fair deal.
Relocate to or from Pinal County for work
We are aware of the stress involved with an employee relocation. That's why we take great care in setting up an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive attributes of their property, as well as information regarding any recent sales or listings in their area that they want considered during our detailed inspection.
Close on your home promptly — at the right price
Whether you decide to sell your home on your own or use the assistance of a real estate agent, a professional appraisal will help you make a better educated decision regarding your asking price. An appraiser has no vested interest in what amount the house sells for, apart from real estate agents. Our fees aren't related to 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 extra bathroom or a kitchen remodel can make on a daily basis. Getting a professional appraisal is a reliable way to determine 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, because we're experts in knowing how long houses are one the market.