Why you should hire an appraiserTo many, an appraisal just looks like a line item on the break-sheet for a home purchase or refinance. Even though there are an increasing number of automated home valuation methods that may appear cheaper than an appraisal, the majority of lenders still call in a local expert because the stakes are very high. Is securing a mortgage the only basis for getting an appraisal? Are there other situations when the services of a certified, independent real estate professional could come in handy? Of course there are. 
Dispute your tax assessmentIf you are in an area where the value of property has depreciated, it's possible you're paying too much in property taxes. An appraisal from Abbott Appraisal LLC is your best evidence when building your case. We're capable of assisting you in disputing your tax assessment. Getting rid of your PMI for mortgage paymentsPrivate Mortgage Insurance, or PMI, is an added insurance policy that many lenders ask homeowners to buy when the amount being loaned to the home buyer is more than 80% of the actual value of the real estate. Most often, this added payment is folded into the monthly mortgage payment and is quickly forgotten. PMI is unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - dips below the 80% level, making this very unfortunate. In fact, the United States Congress implemented 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. Abbott Appraisal LLC can provide you with a statement regarding the value of your home, and the price you paid for the appraisal can often be recovered in just a few months because you'll no longer be paying the PMI. Order an appraisal from Abbott Appraisal LLC Order todayDivorce settlement with fewer hang-upsA divorce can be an especially traumatic event for both parties, and it is often more complicated by the troublesome decision of who maintains the house. So both parties are completely aware of the true market value of their property, it's a good idea to get an appraisal from Abbott Appraisal LLC, regardless of the circumstances. 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 assessment. Accurate and fair estate liquidationThe death 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 real estate involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the utmost degree of discretion. Unlike wealthy individuals, most Americans don't have dedicated estate planners or executors to take care of these affairs. A home or other property often makes up an uneven share of the total estate value, so knowing the true value 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 Fayette County through an employee relocation programEmployee relocation is a stressful event, and we understand. We take great care in establishing an accommodating appointment time for the appraisal inspection. During our intensive inspection, we recommend relocating employees to provide feedback on the positive characteristics of their property, as well as information about any current sales or listings in their area that they want considered. Sell your home quickly — at the right priceWhether you want to sell your home on your own or with the help of a real estate agent, a professional appraisal will help you make a more informed decision regarding your asking price. Unlike a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees aren't related to the sales price, but rather they are based on our efforts to finish the appraisal report. We examine the difference in value things like an extra bathroom or a kitchen remodel can make on a daily basis. 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, because we're experts in knowing how long houses stay on the market. 
|