Why you should get an appraisal

To a lot of people, an appraisal is simply another fee in the long list of items for a home sale or refinance. Nearly all lenders still want a local expert because the stakes are very high, even though there are an increasing number of automated home valuation methods that might appear less expensive than an appraisal. Is obtaining a mortgage the only basis for getting an appraisal? Are there other instances when the services of a licensed, independent real estate professional could be helpful? Of course.

Let Northern Arizona Appraisal, Inc. help you lower your mortgage payment

Dispute 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. An appraisal from Northern Arizona Appraisal, Inc. is your best evidence when building your case. At Northern Arizona Appraisal, Inc., we're capable of assisting you in disputing your tax assessment.

Get rid of PMI to lower your mortgage payment

When the amount being loaned to the homeowneris more than 80% of the actual value of the property, many lenders ask homebuyers to take out this additional insurance plan. That policy is Private Mortgage Insurance, or PMI. This extra payment is often lumped into the monthly mortgage payment and is quickly forgotten. This is unfavorable because PMI is 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 invoked by the United States Congress requiring lenders to do away with the PMI payments when the loan-to-value ratio conditions have been met.

If you'd like to get rid of PMI, Northern Arizona Appraisal, Inc. will produce a statement regarding the value of your home. The expense of the home valuation can often 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 often complicated by the difficult decision of who gets the property, and it can be a particularly horrible event for both parties. 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 house.

If the parties need to sell the home, they'll have a a good idea of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.

Ascertain a fair and accurate valuation for estate liquidation

The loss of a loved one is a painful time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Fair Market Value for the residential property involved. We guarantee the highest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).

Unlike wealthier individuals, most Americans don't have dedicated estate planners or executors to manage these affairs. 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 essential importance to ensuring disputing parties leave knowing they've gotten an honest deal.

Move to or from Maricopa County for work

Employee relocation can be a stressful event, and we understand. That's why we take great care in organizing a convenient appointment time for the appraisal inspection. During our detailed inspection, we suggest relocating employees to provide input on the positive aspects of their property, along with information about any current sales or listings in their area that they want considered.

Close on your home quickly — for the right price

A professional appraisal will help you make a better educated decision when determining your selling price, whether you choose to sell your home on your own or with the help of a real estate agent. An appraiser has no vested interest in what amount the house sells for, unlike real estate agents. Our fees rest on our efforts to complete the appraisal report and not a percentage of the sales price.

We determine the difference in value things 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 applicable 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.

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