Reasons you should order an appraisal from Abbott Appraisal LLCEvery year, thousands of people in Kentucky purchase, sell or refinance their home. Most of these transactions involve a simple line item for an appraisal. While there are a growing number of automated home valuation processes that may appear to be less expensive than an appraisal, most lenders still call for a local expert because the stakes are incredibly high. You might believe that getting a mortgage is the only reason to get an appraisal, but there are additional situations when the services of a certified, independent real estate professional could be beneficial. 
Contest your tax assessmentIf you reside in an area where the property value 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 qualified to assist you in challenging your tax assessment. Eliminating PMI for mortgage paymentsPrivate Mortgage Insurance, or PMI, is an additional insurance plan that most lenders ask homeowners to purchase when the amount being loaned to the homeowner is more than 80% of the actual value of the property. Seeing that additional payment is usually lumped 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 - falls below the 80% level, making this very unfavorable. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to remove the PMI payments when the loan-to-value ratio conditions have been met. If you'd like to get rid of PMI, Abbott Appraisal LLC will produce a statement regarding the value of your home. The price you paid for the appraisal can usually be regained in a short amount of time because you'll no longer be paying the PMI. Order your appraisal from Abbott Appraisal LLC today Order onlineSettle a divorce with less stressA divorce is often complicated by the challenging decision of who maintains the property, and it can be a very horrible event for both parties. It's a good idea to order an appraisal from Abbott Appraisal LLC so both parties are fully aware of the true market value of their property, regardless of the circumstances. The parties will have a clearer picture of what price to set, if they want to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation. Determine an accurate and fair valuation for estate liquidationThe loss 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. We guarantee the maximum degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP). Most Americans don't have dedicated estate planners or executors to handle these matters, unlike many wealthy individuals. And since 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 walk away knowing they've gotten a fair deal. Relocate to or from Fayette County through an employee relocation programEmployee 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 detailed inspection, we encourage relocating employees to provide remarks on the positive characteristics of their property, along with information regarding any current sales or listings in their area that they want considered. Sell your home quickly — for the right priceA professional appraisal can help you make a better educated decision regarding your selling price, whether you choose to sell your home on your own or use the assistance of a real estate agent. Apart from 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 complete the appraisal report and and aren't related to the sales price. On a daily basis, we examine the difference in value things like an additional bathroom or a kitchen remodel can make. And we're experts in knowing how long homesstay on the market. So, obtaining a professional appraisal is a trusted way to decide what improvements will add value and what a suitable sales price is for your home so you don't come up short or have your house on the market an unnecessarily long time. 
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