Reasons to order an appraisal from Northern Arizona Appraisal, Inc.
To many, an appraisal just looks like a line item on the settlement sheet for a mortgage or refinance. The majority of lenders still call for a local expert because the stakes are very high, even though there are a developing number of automated home valuation systems that might appear to be more prudent than an appraisal. You might think that getting a mortgage is the only reason to get an appraisal, but there are other situations when the services of a licensed, independent real estate professional could be beneficial.
Challenge your tax assessment
If you reside in an area where the property value has depreciated, it's possible you're paying too much in property taxes. 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 disputing your tax assessment.
PMI removal to lower a mortgage payment
Private Mortgage Insurance, or PMI, is an additional insurance policy that most lenders ask buyers to purchase when the amount being loaned to the buyer is more than 80% of the actual value of the property. This added payment is often folded into the monthly mortgage payment and is quickly forgotten. This is damaging because PMI becomes unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - falls below the 80% level. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress that requires lenders to eliminate the PMI installments when the loan-to-value ratio conditions have been met.
Northern Arizona Appraisal, Inc. can give you a statement regarding the value of your home, and the price you paid for the home valuation can often be regained in just a few months because you'll no longer be paying the PMI.
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Divorce settlement with fewer hang-ups
A divorce is a very horrible event for the parties involved, and it is often further complicated by the difficult decision of who gets the home. Regardless of the situation, it's a good idea to get an appraisal from Northern Arizona Appraisal, Inc. so both parties are completely aware of the true market value of their property.
If the parties want to sell the home, they'll have a clearer picture of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation.
Ascertain 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. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the fullest degree of discretion.
Unlike many wealthy individuals, most Americans do not have dedicated estate planners or executors to handle these issues. A home or other property often makes up an unequal share of the total estate value, so understanding the true worth of the real estate at hand is of significant importance to ensuring disputing parties leave knowing they've gotten a fair deal.
Move to or from Maricopa County through an employee relocation program
Employee relocation can be a stressful event, and we understand. We take great care in setting up an accommodating appointment time for the appraisal inspection. During our detailed inspection, we recommend relocating employees to provide input on the positive characteristics of their property, as well as information regarding any current sales or listings in their neighborhood that they want considered.
Sell your home quickly — for the right price
A professional appraisal will help you make a better educated decision when determining your asking price, whether you choose 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 aren't related to the sales price, but rather they depend on our efforts to finish the appraisal report.
On a daily basis, we examine the difference in value items like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long homesare on the market. So, seeking a professional appraisal is a trusted way to determine 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.