Reasons to get an appraisal from Northern Arizona Appraisal, Inc.

Year after year, thousands of people in Arizona buy, sell or refinance their home. Most of these transactions include a simple line item for an appraisal. And even though there are a developing number of automated home valuation processes that might seem more cost-effective than an appraisal, most lenders still call in a local expert because the stakes are incredibly high. Is getting a mortgage the only reason to get an appraisal? Are there additional cases when the services of a certified, independent real estate professional might be beneficial? You bet.

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Challenge your tax assessment in Maricopa County

If you are in an area where the value of property has declined, it's possible you're paying too much in property taxes. When building your case, an appraisal from us is your best evidence. We can assist you in appealing your tax assessment.

Eliminating PMI for mortgage payments

Private Mortgage Insurance, or PMI, is an additional insurance plan that most lenders ask homebuyers to buy when the amount being loaned to the home owner is more than 80% of the actual value of the home. Since the additional payment is usually folded into the monthly mortgage payment, it is often forgotten. PMI isn't necessary when the remainder of the loan - whether through market appreciation or principal pay down - decreases below the 80% level, making this very unfavorable. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to eliminate the PMI payments when the loan-to-value ratio conditions have been met.

If you'd like to do away with PMI, Northern Arizona Appraisal, Inc. will give you a statement regarding the value of your home. The price you paid for the home valuation can generally be recovered in little time because you'll no longer be paying the PMI.

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Get a clear valuation on a home for divorce settlements

A divorce is an especially daunting experience for the parties involved, and it is often even more complicated by the troublesome decision of who gets the property. Regardless of the circumstances, it's a good idea to get an appraisal from Northern Arizona Appraisal, Inc. so both parties are fully aware of the true market value of their home.

The parties will have a clearer picture of what price to set, if they need to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.

Accurate and fair estate liquidation

The loss 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. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the highest degree of discretion.

Most Americans do not have dedicated estate planners or executors to handle these issues, unlike wealthy individuals. And since a home or other property often makes up an uneven share of the total estate value, understanding the true worth of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've received a fair deal.

Relocate to or from Maricopa County for work

Employee relocation is a stressful event, and we understand. That being said, we take great care in establishing an accommodating appointment time for the appraisal inspection. During our intensive inspection, we recommend relocating employees to provide feedback on the positive features of their property, as well as information regarding any new sales or listings in their area that they want considered.

Sell your home quickly — for an accurate price

A professional appraisal can help you make a better educated decision when determining 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. Our fees depend on our efforts to complete the appraisal report and not a percentage of the sales price.

On a daily basis, we determine the difference in value items like an additional bathroom or a kitchen remodel can make. And we're experts in knowing how long propertiesare on the market. So, obtaining a professional appraisal is a trusted 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.

Let Northern Arizona Appraisal, Inc. assist you in selling your home quickly at the right price