Let Northern Arizona Appraisal, Inc. attend to your appraisal needs
To a lot of people, an appraisal just looks like one more thing on the break-sheet for a home purchase or refinance. And even though there are a growing number of automated home valuation processes that might seem more practical than an appraisal, the majority of lenders still call in a local expert because the stakes are incredibly high. You might assume that obtaining a mortgage is the only reason to acquire an appraisal, but there are other instances when the services of a certified, independent real estate professional could come in handy.
Contest your tax assessment in Maricopa County
It's quite possible you're paying too much in property taxes if you reside in an area where property values have declined. Ad Valorem taxes are based upon a past assessment of your real estate, so if prices are less than what they used to be in your neighborhood, you can appeal your assessment and save money. An appraisal from Northern Arizona Appraisal, Inc. is your best evidence when building your case. At Northern Arizona Appraisal, Inc., we're equipped to assist you in appealing your tax assessment.
PMI removal to lower a mortgage payment
When the amount being loaned to the home buyeris more than 80% of the actual value of the real estate, most lenders ask buyers to purchase this extra insurance policy. That policy is Private Mortgage Insurance, or PMI. Very often, this added payment is bundled into the monthly mortgage payment and is quickly forgotten. This is damaging because PMI isn't required when the remainder of the loan - whether through market appreciation or principal pay down - goes below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was invoked by the United States Congress requiring lenders to dismiss the PMI payments when the loan-to-value ratio conditions have been met.
If you'd like to eliminate PMI, Northern Arizona Appraisal, Inc. will produce a statement regarding the value of your home. The cost of the home valuation can often be regained 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 horrible experience for the parties involved, and it is often more complicated by the challenging decision of who keeps 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 Northern Arizona Appraisal, Inc., regardless of the circumstances.
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 assessment.
Accurate and fair estate liquidation
Losing 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 residential property involved. We guarantee the maximum 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 issues, unlike wealthier individuals. And seeing that a home or other property often makes up an uneven share of the total estate value, understanding the true value of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've received an honest deal.
Relocate to or from Maricopa County through an employee relocation program
We are familiar with the stress associated with an employee relocation. 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 new sales or listings in their neighborhood that they want considered during our thorough inspection.
Close on your home quickly — at an accurate price
Whether you want 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 selling price. An appraiser has no vested interest in what amount the house sells for, unlike real estate agents. Our fees depend on our efforts to complete the appraisal report and and aren't related to the sales price.
We determine the difference in value things like an additional bathroom or a kitchen remodel can make on a daily basis. Obtaining a professional appraisal is a trusted 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 an unnecessarily long time, because we're experts in knowing how long houses stay on the market.