Reasons to order an appraisal from Appraisal Pro Group

Every year, thousands of people in Florida buy, sell or refinance their home. Many of these transactions have a simple line item for an appraisal. Most lenders still call for a local expert because the stakes are incredibly high, even though there are a developing number of automated home valuation systems that may appear more cost-effective than an appraisal. You might think that obtaining a mortgage is the only reason you should get an appraisal, but there are more cases when the services of a licensed, independent real estate professional could be beneficial.

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Appeal your tax assessment

If you live in an area where the property value has depreciated, it's possible you're paying too much in property taxes. When building your case, an appraisal from us is your best evidence. We can assist you in challenging your tax assessment.

Remove PMI to lower your mortgage payment

Private Mortgage Insurance, or PMI, is an added insurance policy that most lenders ask homeowners to buy when the amount being loaned to the buyer is more than 80% of the actual value of the property. Seeing that added payment is usually folded into the monthly mortgage payment, it is often forgotten. This is damaging because PMI isn't required 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 requiring 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, Appraisal Pro Group can provide you with a statement regarding the value of your home. The expense of the home valuation can often be offset in little time because you'll no longer be paying the PMI.

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Divorce settlement with fewer hang-ups

A divorce can be a particularly traumatic event for both parties, and it is often more complicated by the troublesome decision of who maintains the home. So both parties are fully aware of the true market value of their property, it's a good idea to get an appraisal from Appraisal Pro Group, regardless of the situation.

If the parties wish to sell the home, they'll have a better idea of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.

Accurate and fair estate liquidation

The 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 Fair Market Value for the residential property involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the highest degree of discretion.

Unlike wealthy individuals, most Americans don't have dedicated estate planners or executors to take care of these issues. 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 significant importance to ensuring disputing parties leave knowing they've gotten an honest deal.

Relocate to or from Miami-Dade County through an employee relocation program

We are aware of the stress involved with an employee relocation. That's why we take great care in organizing an accommodating appointment time for the appraisal inspection. During our intensive 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 area that they want considered.

Close on your home promptly — at an accurate price

A professional appraisal will help you make a better educated decision when determining your asking price, whether you decide to sell your home on your own or use the assistance of a real estate agent. An appraiser has no vested interest in what amount the house sells for, unlike real estate agents. Our fees depend on our efforts to finish the appraisal report and and aren't related to the sales price.

We analyze the difference in value things like an additional bathroom or a kitchen remodel can make on a daily basis. Getting a professional appraisal is a reliable way to determine 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 houses stay on the market.

Let Appraisal Pro Group help you sell your home quickly at the right price