Reasons to get an appraisal from Atlantic Coast Appraisal

To a lot of people, an appraisal is simply one more thing in the long list of items for a mortgage or refinance. Practically all lenders still call for a local expert because the stakes are very high, even though there are a budding number of automated home valuation processes that may appear more economical than an appraisal. You might believe that obtaining a mortgage is the only reason you should get an appraisal, but there are additional times when the services of a certified, independent real estate professional might be helpful.

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Appeal your tax assessment in Broward County

It's probable 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 house, so if values are less than what they used to be in your area, you can appeal your assessment and save money. An appraisal from Atlantic Coast Appraisal is your best evidence when building your case. At Atlantic Coast Appraisal, we're qualified to assist you in challenging your tax assessment.

Getting rid of your PMI for mortgage payments

Private Mortgage Insurance, or PMI, is an added insurance plan that almost all lenders ask homebuyers to purchase when the amount being loaned to the home buyer is more than 80% of the actual value of the real estate. This added payment is often bundled into the monthly mortgage payment and is promptly forgotten. PMI becomes unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark, making this very unfortunate. In fact, the Homeowners Protection Act (HPA) of 1998 was invoked by the United States Congress that requires lenders to do away with the PMI installments when the loan-to-value ratio conditions have been met.

If you'd like to eliminate PMI, Atlantic Coast Appraisal can produce a statement regarding the value of your home. The expense of the home valuation can usually be offset in just a few months because you'll no longer be paying the PMI.

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Get a clear valuation on a home for divorce settlements

A divorce is a very daunting experience for the parties involved, and it is often even more complicated by the difficult decision of who maintains the property. It's a good idea to order an appraisal from Atlantic Coast Appraisal so both parties are completely 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 wish 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 evaluation.

Ascertain an accurate and fair valuation for estate liquidation

The death of 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 residential property involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the maximum degree of discretion.

Unlike wealthier 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 a disproportionate share of the total estate value, so understanding 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 Broward County for work

Employee relocation can be a stressful event, and we understand. That being said, we take great care in organizing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive aspects of their property, along with information about any recent sales or listings in their neighborhood that they want considered during our thorough inspection.

Close on your home quickly — for an accurate price

Whether you choose to sell your home on your own or use the assistance of a real estate agent, a professional appraisal can help you make a better educated 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 a percentage of the sales price, but rather they depend on our efforts to complete the appraisal report.

On a daily basis, we examine the difference in value items 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 determine 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.

Let Atlantic Coast Appraisal help you sell your home quickly at the right price