Let Filson's Real Estate Appraisal Services, Inc. handle your appraisal needs
To many, an appraisal is simply another cost in the long list of items for a mortgage or refinance. And while there are a growing number of automated home valuation processes that might seem more economical than an appraisal, nearly all lenders still call for a local expert because the stakes are incredibly high. Is getting a mortgage the only reason you should get an appraisal? Are there more instances when the services of a certified, independent real estate professional could be helpful? You bet.
Contest your tax assessment
It's probable you're paying too much in property taxes if you live in an area where property values have declined. Property taxes are determined by a past assessment of your home, so if prices have gone down in your area, you can appeal your assessment and save money. An appraisal from Filson's Real Estate Appraisal Services, Inc. is your best evidence when building your case. At Filson's Real Estate Appraisal Services, Inc., we're equipped to assist you in challenging your tax assessment.
Eliminating PMI for mortgage payments
Private Mortgage Insurance, or PMI, is a supplemental insurance plan that almost all lenders ask home buyers to buy when the amount being loaned to the homebuyer is more than 80% of the actual value of the real estate. More often than not, this extra payment is folded into the monthly mortgage payment and is promptly forgotten. This is bad because PMI is no longer required when the remaining balance of the loan - whether through market appreciation or principal pay down - falls below the 80% level. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to do away with the PMI payments when the loan-to-value ratio conditions have been met.
If you'd like to eliminate PMI, Filson's Real Estate Appraisal Services, Inc. will provide you with a statement regarding the value of your home. The price you paid for the appraisal can generally be recovered in a short amount of time because you'll no longer be paying the PMI.
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Settle a divorce with less stress
A divorce can be a very daunting event for both parties, and it is often even more complicated by the difficult decision of who maintains the property. So both parties are fully aware of the true market value of their property, it's a good idea to get an appraisal from Filson's Real Estate Appraisal Services, Inc., regardless of the situation.
The parties will have a a good idea of what price to set, if they wish to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation.
Ascertain a fair and accurate valuation for estate liquidation
Losing a loved one is a painful 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, guaranteeing the highest degree of discretion.
Unlike wealthy individuals, most Americans do not have dedicated estate planners or executors to handle these issues. And seeing that a home or other property often makes up a disproportionate share of the total estate value, knowing the true value of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've gotten a fair deal.
Relocate 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 setting up an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive aspects of their property, as well as information regarding any recent sales or listings in their neighborhood that they want considered during our detailed inspection.
Sell your home promptly — for the right 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 more informed decision regarding your asking price. An appraiser has no vested interest in what amount the house sells for, unlike real estate agents. Our fees aren't a percentage of the sales price, but rather they depend on our efforts to finish the appraisal report.
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 housesare on the market. So, obtaining 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.