Appraisal First, Inc. in Springfield perform appraisals for diverse purposesTo a lot of us, an appraisal is simply a line item on the break-sheet for a mortgage or refinance. Almost all lenders still need a local expert because the stakes are incredibly high, even though there are a budding number of automated home valuation methods that might appear to be cheaper than an appraisal. You might think that obtaining a mortgage is the only reason you should get an appraisal, but there are other times when the services of a licensed, independent real estate professional could come in handy.
Let Appraisal First, Inc. help you challenge your tax assessment in Greene CountyIf you live in an area where property values have declined, it's possible you're paying too much in property taxes. When building your case, an appraisal from Appraisal First, Inc. is your best evidence. At Appraisal First, Inc., we're qualified to assist you in appealing your tax assessment.
How can you do away with PMI to lower your mortgage payment?When the amount being loaned to the homebuyer is more than 80% of the actual value of the real estate, most lenders ask homebuyers to take out an added insurance policy. That policy is Private Mortgage Insurance, or PMI. This extra payment is often lumped into the monthly mortgage payment and is promptly forgotten. This is damaging because PMI is no longer required when the remainder of the loan - whether through market appreciation or principal pay down - decreases below the 80% level. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress requiring lenders to do away with the PMI installments on most mortgages when the balance is paid down to 78% of the original value.
Appraisal First, Inc. will give you a statement regarding the value of your home, and the cost of the home valuation can often be regained in just a few months because you'll no longer be paying the PMI.
Settling a divorce with less stressA divorce is often complicated by the strenuous decision of who maintains the house, and it can be an especially heartbreaking occurrence for both parties. So both parties are completely aware of the true market value of their house, it's a good idea to order an appraisal from Appraisal First, Inc., regardless of the situation.
The parties will have a a good idea of what price to set, if they wish to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation.
Accurate and fair estate liquidation with help from Appraisal First, Inc.Settling an estateLosing a loved one is a hard time in life, and settling an estate from a death, or probate, often requires an appraisal to establish 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).
Unlike many wealthy individuals, most Americans do not have dedicated estate planners or executors to take care of these issues. A home or other property often makes up an uneven share of the total estate value, so understanding 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.
Relocating to or from Greene CountyWe are familiar with the headaches involved with an employee relocation. That being said, we take great care in organizing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive characteristics of their property, as well as information regarding any recent sales or listings in their area that they want considered during our intensive process.
Selling your home quickly at the right priceWhether you decide to sell your home on your own or use the assistance of a real estate agent, a professional appraisal can help you make a better educated decision regarding your selling price. Unlike a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees are calculated on our efforts to finish the appraisal report and not a percentage of the sales price.
We determine the difference in value items like an extra bathroom or a kitchen remodel can make on a daily basis. 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 - because we're experts in knowing how long properties are one the market.