Appraisal Associates of NW Florida in Miramar Beach are called upon for a variety of purposesTo a lot of us, an appraisal just looks like a line item in the long list of items for a home sale or refinance. Almost all lenders still want a local expert because the stakes are so high, even though there are a multiplying number of automated home valuation methods that might appear to be more practical than an appraisal. You might think that obtaining a mortgage is the only reason you should get an appraisal, but there are other cases when the services of a licensed, independent real estate professional could come in handy.
Let Appraisal Associates of NW Florida help you appeal your tax assessment in Okaloosa CountyIf you reside in an area where property values have declined, it's possible you're paying too much in property taxes. An appraisal from Appraisal Associates of NW Florida is your best evidence when building your case. At Appraisal Associates of NW Florida, we're qualified to assist you in appealing your tax assessment.
How can you eliminate PMI to lower your mortgage payment?When the amount being loaned to the buyer is more than 80% of the actual value of the home, almost all lenders ask home buyers to take out an additional insurance plan. That policy is Private Mortgage Insurance, or PMI. Most often, this additional payment is folded into the monthly mortgage payment and is soon forgotten. This is unfortunate because PMI is unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress that requires lenders to do away with the PMI payments on most mortgages when the balance is paid down to 78% of the original value.
If you'd like to get rid of PMI, Appraisal Associates of NW Florida will produce a statement regarding the value of your home. The price you paid for the appraisal can often be offset in just a few months because you'll no longer be paying the PMI.
An appraisal from Appraisal Associates of NW Florida will help you settle a divorce with less stressA divorce is a very heartbreaking experience for the parties involved, and it is often even more complicated by the hard decision of who gets the house. Regardless of the circumstances, it's prudent to get an appraisal from Appraisal Associates of NW Florida so both parties are completely aware of the true market value of their house.
If the parties want to sell the home, they'll have a better 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.
Accurate and fair estate liquidationThe death 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 Market Value for the residential property involved. We ensure the highest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Most Americans don't have dedicated estate planners or executors to handle these matters, unlike wealthier individuals. And since a home or other property often makes up a disproportionate share of the total estate value, understanding the precise value of the real estate at hand is of significant importance to ensuring disputing parties leave knowing they've gotten an honest deal.
Relocating to or from Okaloosa County?Employee relocation can be a stressful event. We know where you're coming from! That being said, we take great care in organizing an accommodating appointment time for the appraisal inspection. During our detailed process, we suggest employees that are moving to provide remarks on the positive features of their property, along with information regarding any recent sales or listings in their neighborhood that they want considered.
Selling your home quickly at the right price with an appraisal from Appraisal Associates of NW FloridaA professional appraisal will help you make a better educated decision regarding your asking price, whether you decide to sell your home on your own or with the help of a real estate agent. Unlike a real estate agent, an appraiser has no vested interest in what price the house sells for. The price we charge isn't contingent upon the value we come up with, but rather they are calculated on our efforts to complete the appraisal.
We examine 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 properties stay on the market. So, getting a professional appraisal is a reliable way to decide what improvements will add value and what a suitable sales price is for your home so you don't come up short or have your house on the market for an extended amount of time.