Why you should get an appraisalTo many, an appraisal is simply one more thing on the break-sheet for a home purchase or refinance. The majority of lenders still need a local expert because the stakes are very high, even though there are an increasing number of automated home valuation processes that may appear to be cheaper than an appraisal. You might think that securing a mortgage is the only reason you should get an appraisal, but there are other times when the services of a licensed, independent real estate professional might be beneficial.
Let Michael Long help you dispute your tax assessment in Douglas CountyIf you live in an area where property values have declined, it's possible you're paying too much in property taxes. When building your case, an appraisal from Michael Long is your best evidence. At Michael Long,we can assist you in appealing your tax assessment.
Let Michael Long help you eliminate PMI to lower your mortgage paymentWhen the amount being loaned to the home buyer is more than 80% of the actual value of the property, nearly all lenders ask homeowners to buy an extra insurance policy. That policy is Private Mortgage Insurance, or PMI. Seeing that added payment is usually bundled into the monthly mortgage payment, it is often forgotten. PMI is no longer required when the remaining balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% level, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was approved by the United States Congress that requires lenders to remove the PMI installments on most mortgages when the balance is paid down to 78% of the original value.
If you'd like to do away with PMI, Michael Long can produce a statement regarding the value of your home. The price you paid for the home valuation can usually be offset in just a few months because you'll no longer be paying the PMI.
An appraisal from Michael Long will help you settle a divorce with less stressA divorce is an especially heartbreaking ordeal for the parties involved, and it is often more complicated by the strenuous decision of who gets the property. Regardless of the circumstances, it's a good idea to order an appraisal from Michael Long so both parties are fully aware of the true market value of their property.
The parties will have a a good idea of what price to set, if they need to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.
Settling an estate with peace of mindThe loss of a loved one is a difficult time in life, and settling an estate from a death, or probate, often calls for an appraisal to establish Market Value for the residential property involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the highest degree of discretion.
Unlike many wealthy individuals, most Americans don't have dedicated estate planners or executors to manage these matters. And seeing that a home or other property often makes up an uneven share of the total estate value, knowing the true value of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've gotten a fair deal.
Relocating to or from Douglas CountyWe are familiar with the stress involved with an employee relocation. That's why we take great care in establishing an accommodating appointment time for the appraisal inspection. During our thorough process, we encourage relocating employees to provide feedback on the positive features of their property, along with information about any recent sales or listings in their neighborhood that they want considered.
Let Michael Long help you sell your home quickly at the right priceWhether you want to sell your home on your own or use the assistance of a real estate agent, a professional appraisal can help you make a more informed decision when determining your selling price. Unlike a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees are calculated on our efforts to perform the appraisal report and not a percentage of the sales price.
On a daily basis, we determine the difference in value items like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long houses are on the market. So, getting a professional appraisal is a reliable 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 too long, costing you time and money.