Let Atlantic Coast Appraisal handle your appraisal needs
Thousands of people in Florida purchase, sell or refinance their home each month. Many of these transactions contain a simple line item for an appraisal. And while there are a budding number of automated home valuation methods that might appear to be cheaper than an appraisal, almost all lenders still call for a local expert because the stakes are very high. You might assume that securing a mortgage is the only reason you should get an appraisal, but there are additional situations when the services of a licensed, independent real estate professional could come in handy.
Appeal your tax assessment in Broward County
It's possible you're paying too much in property taxes if you live in an area where property values have declined. Property taxes are determined by a past assessment of your home, so if prices are less than what they used to be in your area, you can challenge your assessment and save money. When building your case, an appraisal from us is your best evidence. At Atlantic Coast Appraisal, we're equipped to assist you in challenging your tax assessment.
Eliminate PMI to lower your mortgage payment
When the amount being loaned to the homebuyeris more than 80% of the actual value of the real estate, nearly all lenders ask home buyers to purchase this additional insurance plan. That policy is Private Mortgage Insurance, or PMI. Seeing that extra payment is usually lumped into the monthly mortgage payment, it is often forgotten. PMI is no longer required when the remainder 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 do away with PMI, Atlantic Coast Appraisal can produce a statement regarding the value of your home. The expense of the home valuation can often be regained in a short amount of time because you'll no longer be paying the PMI.
Order an appraisal from Atlantic Coast AppraisalOrder online
Get a clear valuation on a home take make a divorce settlement less stressful
A divorce is often complicated by the burdensome decision of who maintains the property, and it can be a particularly horrible experience for both parties. So both parties are entirely aware of the true market value of their home, it's a good idea to get an appraisal from Atlantic Coast Appraisal, regardless of the circumstances.
The parties will have a a good idea of what price to set, if they wish to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.
Ascertain a fair and accurate valuation for estate liquidation
Losing a loved one is a painful time in life, and settling an estate from a death, or probate, often requires an appraisal to establish Fair Market Value for the real estate involved. We guarantee the highest 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 take care of these matters, unlike many wealthy individuals. A home or other property often makes up a disproportionate share of the total estate value, so knowing the true worth of the real estate at hand is of significant importance to ensuring disputing parties leave knowing they've received a fair deal.
Move to or from Broward County through an employee relocation program
We are familiar with the stress involved with an employee relocation. That being said, we take great care in setting up an accommodating appointment time for the appraisal inspection. During our detailed inspection, we encourage relocating employees to provide remarks on the positive aspects of their property, along with information about any current sales or listings in their area that they want considered.
Close on your home promptly — for 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 regarding your asking price. An appraiser has no vested interest in what amount the house sells for, unlike real estate agents. Our fees aren't related to the sales price, but rather they are calculated on our efforts to complete the appraisal report.
We determine the difference in value items like an extra bathroom or a kitchen remodel can make on a daily basis. Seeking a professional appraisal is a reliable way to decide 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 properties are one the market.