Reasons to get an appraisal from Charles O'Dell (321) 784-2134Thousands of people in Florida purchase, sell or refinance their home each month. Many of these transactions have a simple line item for an appraisal. While there are a developing number of automated home valuation methods that might appear more economical than an appraisal, practically all lenders still call in a local expert because the stakes are incredibly high. But is obtaining a mortgage the only basis for getting an appraisal? Are there more cases when the services of a licensed, independent real estate professional could be beneficial? Of course there are.
Dispute your tax assessment in Brevard CountyIf you live in an area where property values have declined, it's possible you're paying too much in property taxes. An appraisal from Charles O'Dell (321) 784-2134 is your best evidence when building your case. We're equipped to assist you in disputing your tax assessment.
Charles O'Dell (321) 784-2134 can help you get rid of PMI to lower your mortgage paymentWhen the amount being loaned to the homeowner is more than 80% of the actual value of the home, most lenders ask buyers to take out an added insurance policy. That policy is Private Mortgage Insurance, or PMI. Since the added payment is usually bundled into the monthly mortgage payment, it is often forgotten. This is unfavorable because PMI isn't necessary when the remainder of the loan - whether through market appreciation or principal pay down - goes below the 80% level. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress that requires lenders to eliminate the PMI installments when the balance is paid down to 78% of the original value.
Charles O'Dell (321) 784-2134 can produce a statement regarding the value of your home, and the price you paid for the appraisal can generally be offset in little time because you'll no longer be paying the PMI.
Settling a divorce with less stressA divorce is a very traumatic event for the parties involved, and it is often more complicated by the strenuous decision of who maintains the property. It's a good idea to order an appraisal from Charles O'Dell (321) 784-2134 so both parties are fully aware of the true market value of their property, regardless of the situation.
The parties will have a clearer picture of what price to set, if they need 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 assessment.
Accurate and fair estate liquidation with Charles O'Dell (321) 784-2134Settling an estateThe death of a loved one is a difficult time in life, and settling an estate from a death, or probate, often calls for an appraisal to establish 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 maximum degree of discretion.
Unlike many wealthy individuals, most Americans don't have dedicated estate planners or executors to manage these issues. 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 a fair deal.
Charles O'Dell (321) 784-2134 can help you with relocating to or from Brevard CountyWe understand the stress associated with an employee relocation. That being said, we take great care in establishing an accommodating appointment time for the appraisal inspection. During our intensive process, we encourage relocating employees to provide remarks on the positive features of their property, along with information regarding any new sales or listings in their area that they want considered.
Selling your home quickly at the right priceWhether you decide to sell your home on your own or with the help of a real estate agent, a professional appraisal can help you make a better educated decision when determining your asking price. An appraiser has no vested interest in what price the house sells for, unlike real estate agents. The price we charge isn't related to the sales price, but rather they depend on our efforts to finish the appraisal.
On a daily basis, we analyze the difference in value items like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long houses stay on the market. So, seeking a professional appraisal is a reliable 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.