6 Reasons to choose an appraisal from Filson's Real Estate Appraisal Services, Inc.
To many, an appraisal is simply one more thing on the break-sheet for a mortgage or refinance. And while there are a developing number of automated home valuation methods that might seem less expensive than an appraisal, almost all lenders still need a local expert because the stakes are incredibly high. Is securing a mortgage the only basis for getting an appraisal? Are there other cases when the services of a licensed, independent real estate professional might come in handy? Of course there are.
Dispute your tax assessment in Fulton County
If you are in an area where property values have declined, it's possible you're paying too much in property taxes. An appraisal from Filson's Real Estate Appraisal Services, Inc. is your best evidence when building your case. We can assist you in disputing your tax assessment.
Eliminating PMI for mortgage payments
When the amount being loaned to the home buyeris more than 80% of the actual value of the property, many lenders ask home owners to purchase this added insurance plan. That policy is Private Mortgage Insurance, or PMI. Since the extra payment is usually lumped into the monthly mortgage payment, it is often forgotten. PMI is unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - falls below the 80% mark, making this very unfortunate. 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.
Filson's Real Estate Appraisal Services, Inc. can give you a statement regarding the value of your home, and the expense of the appraisal can generally be recovered in little time because you'll no longer be paying the PMI.
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Settle a divorce with fewer hang-ups
A divorce is an especially daunting experience for the parties involved, and it is often more complicated by the challenging decision of who maintains the property. Regardless of the situation, it's a good idea to order an appraisal from Filson's Real Estate Appraisal Services, Inc. so both parties are fully aware of the true market value of their property.
The parties will have a clearer picture of what price to set, if they want 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.
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 requires an appraisal to establish Fair Market Value for the residential property involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the utmost degree of discretion.
Most Americans don't have dedicated estate planners or executors to handle these affairs, unlike many wealthy individuals. And seeing that a home or other property often makes up a disproportionate share of the total estate value, understanding the true worth of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've gotten an honest deal.
Move to or from Fulton County through an employee relocation program
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 encourage relocating employees to provide remarks on the positive characteristics of their property, along with information about any new sales or listings in their neighborhood that they want considered.
Close on your home quickly — for an accurate price
Whether you decide 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. Unlike a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees rest on our efforts to complete the appraisal report and not a percentage of the sales price.
We analyze the difference in value things like an extra bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long homesstay on the market. So, getting a professional appraisal is a reliable 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.