Why you should order an appraisal

To many, an appraisal is simply one more thing on the break-sheet for a mortgage or refinance. And while there are a budding number of automated home valuation methods that may seem more economical than an appraisal, almost all lenders still need a local expert because the stakes are so high. But is securing a mortgage the only reason to get an appraisal? Are there additional situations when the services of a licensed, independent real estate professional could be beneficial? Absolutely.

For real estate appraisals in Lee, Russell or Tallapoosa County, it's easiest when your order online from Residential Appraisals, LLC, just click here.

Challenge your tax assessment in Lee County

It's quite possible 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 prices have declined in your area, you can appeal your assessment and save money. An appraisal from Residential Appraisals, LLC is your best evidence when building your case. At Residential Appraisals, LLC, we can assist you in disputing your tax assessment.

Eliminating PMI will lower your mortgage payment

When the amount being loaned to the buyer is more than 80% of the actual value of the home, almost all lenders ask home buyers to take out an supplemental insurance policy. That policy is Private Mortgage Insurance, or PMI. This extra payment is often folded into the monthly mortgage payment and is quickly forgotten. PMI becomes unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark, making this very unfortunate. In fact, the United States Congress passed 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.

Residential Appraisals, LLC can provide you with a statement regarding the value of your home, and the price you paid for the home valuation can generally be regained in a short amount of time because you'll no longer be paying the PMI.

An appraisal from Residential Appraisals, LLC will help you settle a divorce with less stress

A divorce is often complicated by the burdensome decision of who maintains the home, and it can be a particularly heartbreaking event for both parties. Regardless of the situation, it's wise to order an appraisal from Residential Appraisals, LLC so both parties are entirely aware of the true market value of their home.

If the parties want to sell the home, they'll have a clearer picture 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 liquidation with Residential Appraisals, LLC Settling an estate

Losing 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 utmost degree of discretion.

Most Americans do not have dedicated estate planners or executors to manage these affairs, unlike many wealthy individuals. And since a home or other property often makes up a disproportionate share of the total estate value, understanding the certain value of the real estate at hand is of significant importance to ensuring disputing parties leave knowing they've received an honest deal.

Let Residential Appraisals, LLC help you with relocating to or from Lee County

Moving due to a job change can be a stressful event, and we understand. That being said, we take great care in organizing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive characteristics of their property, along with information regarding any current sales or listings in their area that they want considered during our intensive process.

Selling your home quickly at the right price

Whether you decide to sell your home on your own or use the assistance of a real estate agent, a professional appraisal can help you make a more informed decision when determining your asking price. An appraiser has no vested interest in what amount the house sells for, which is different than the interest of real estate agents. Our fees are based on our efforts to complete the appraisal report and and aren't related to the sales price.

We examine the difference in value items like an additional bathroom or a kitchen remodel can make on a daily basis. Getting 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 - because we're experts in knowing how long properties are one the market.