Ordering an appraisal from Pfahl Appraisal Service, LLC.Thousands of people in Michigan purchase, sell or refinance their home every month. Many of these transactions include a simple line item for an appraisal. The majority of lenders still want a local expert because the stakes are very high, even though there are a multiplying number of automated home valuation processes that may appear to be more practical than an appraisal. But is getting a mortgage the only reason to acquire an appraisal? Are there additional cases when the services of a certified, independent real estate professional could be beneficial? You bet.
Appeal your tax assessment in Sarasota CountyIt's likely you're paying too much in property taxes if you live in an area where property values have declined. Ad Valorem taxes are determined by a previous assessment of your home, so if values have gone down in your area, you can appeal your assessment and save money. An appraisal from Pfahl Appraisal Service, LLC. is your best evidence when building your case. At Pfahl Appraisal Service, LLC.,we can assist you in challenging your tax assessment.
Eliminating PMI will lower your mortgage paymentPrivate Mortgage Insurance, or PMI, is an additional insurance plan that nearly all lenders ask buyers to buy when the amount being loaned to the homeowner is more than 80% of the actual value of the home. Seeing that extra payment is usually bundled into the monthly mortgage payment, it is often forgotten. This is unfavorable because PMI is no longer required 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 requiring lenders to eliminate the PMI installments on most mortgages when the balance is paid down to 78% of the original value.
Pfahl Appraisal Service, LLC. can give you a statement regarding the value of your home, and the cost of the appraisal can often be recovered in a short amount of time because you'll no longer be paying the PMI.
Divorce settlement with less stressA divorce is an especially heartbreaking event for the parties involved, and it is often more complicated by the troublesome decision of who maintains the house. So both parties are fully aware of the true market value of their property, it's a good idea to order an appraisal from Pfahl Appraisal Service, LLC., regardless of the circumstances.
The parties will have a clearer picture of what price to set, if they wish to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.
Settling an estate with peace of mindThe death of a loved one is a hard 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. We ensure the fullest 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 do not have dedicated estate planners or executors to take care of these issues. And seeing that a home or other property often makes up an unequal share of the total estate value, knowing the true value of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've gotten an honest deal.
Relocating to or from Sarasota County?We are aware of the headaches associated with an employee relocation. That's why we take great care in establishing a convenient appointment time for the appraisal inspection. During our intensive process, we suggest relocating employees to provide feedback on the positive features of their property, along with information regarding any recent sales or listings in their area that they want considered.
Sell your home quickly at the right priceA professional appraisal will help you make a more informed decision when determining your asking price, whether you want to sell your home on your own or use the assistance of a real estate agent. With much different interests than a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees aren't contingent upon the value we report, but rather they depend on our efforts to finish the appraisal.
On a daily basis, we analyze the difference in value things like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long homes stay on the market. So, obtaining a professional appraisal is a trusted 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 too long, costing you hassle and money.