las palmas appraisal in Saint Petersburg
Year after year, thousands of people in Florida buy, sell or refinance their home. Many of these transactions consist of a simple line item for an appraisal.
Most lenders still need a local expert because the stakes are very high, even though there are a developing number of automated home valuation processes that may appear to be more cost-effective than an appraisal.
But is obtaining a mortgage the only reason to acquire an appraisal? Are there additional times when the services of a licensed, independent real estate professional might come in handy? Absolutely.
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Appeal your tax assessment in Pinellas County
It's possible you're paying too much in property taxes if you live in an area where property values have depreciated. Property taxes are determined by a past assessment of your real estate, so if prices are less than what they used to be in your neighborhood, you can challenge your assessment and save money. When building your case, an appraisal from las palmas appraisal, inc. is your best evidence. At las palmas appraisal, inc.,we can assist you in challenging your tax assessment.Eliminating PMI will lower your mortgage payment
Private Mortgage Insurance, or PMI, is an extra insurance policy that almost all lenders ask buyers to purchase when the amount being loaned to the buyer is more than 80% of the actual value of the home. This extra payment is often lumped into the monthly mortgage payment and is quickly forgotten. This is unfortunate because PMI isn't necessary when the remainder of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to dismiss the PMI payments when the loan-to-value ratio conditions have been met.If you'd like to do away with PMI, las palmas appraisal, inc. will produce a statement regarding the value of your home. The cost of the appraisal can generally be offset in a short amount of time because you'll no longer be paying the PMI.
Settling a divorce with less stress
A divorce is often complicated by the burdensome decision of who keeps the house, and it can be an especially heartbreaking ordeal for both parties. So both parties are completely aware of the true market value of their property, it's a good idea to get an appraisal from las palmas appraisal, inc., regardless of the circumstances.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.
Settling an estate with peace of mind
Losing a loved one is a painful time in life, and settling an estate from a death, or probate, often entails an appraisal to establish 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 handle these issues, unlike wealthier individuals. And seeing that a home or other property often makes up an unequal share of the total estate value, understanding the correct value of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've gotten an honest deal.
Let las palmas appraisal, inc. assist you in relocating to or from Pinellas County
We are familiar with the stress involved with an employee relocation. We take great care in organizing an accommodating appointment time for the appraisal inspection. During our thorough process, we encourage relocating employees to provide feedback on the positive characteristics of their property, along with information about any current sales or listings in their area that they want considered.Sell 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 will help you make a better educated decision regarding your asking price. Separate from a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees are derived from our efforts to complete the appraisal report and not a percentage of the sales price.On a daily basis, we examine the difference in value things like an additional bathroom or a kitchen remodel can make. And we're experts in knowing how long properties are on the market. So, getting 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.