Reasons someone would use the services of Advance Real Estate Appraisals Inc.Thousands of people in Florida purchase, sell or refinance their home every month. Most of these transactions contain a simple line item for an appraisal. Nearly all lenders still need a local expert because the stakes are so high, even though there are an increasing number of automated home valuation systems that might appear to be more cost-effective than an appraisal. But is obtaining a mortgage the only reason to get an appraisal? Are there also times when the services of a licensed, independent real estate professional might come in handy? Absolutely.
Appeal your tax assessment in Miami-Dade CountyIf you live in an area where the value of property has declined, it's possible you're paying too much in property taxes. When building your case, an appraisal from Advance Real Estate Appraisals Inc. is your best evidence. At Advance Real Estate Appraisals Inc.,we can assist you in challenging your tax assessment.
Let Advance Real Estate Appraisals Inc. help you eliminate PMI to lower your mortgage paymentWhen the amount being loaned to the home owner is more than 80% of the actual value of the property, most lenders ask homebuyers to buy an supplemental insurance policy. That policy is Private Mortgage Insurance, or PMI. This added payment is often folded into the monthly mortgage payment and is quickly forgotten. This is damaging because PMI isn't required when the remaining balance 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 dismiss the PMI installments on most mortgages when the balance is paid down to 78% of the original value.
Advance Real Estate Appraisals Inc. can produce a statement regarding the value of your home, and the price you paid for the home valuation can often be offset in little time because you'll no longer be paying the PMI.
An appraisal from Advance Real Estate Appraisals Inc. will help you settle a divorce with less stressA divorce is a very heartbreaking experience for the parties involved, and it is often further complicated by the troublesome decision of who keeps the home. So both parties are completely aware of the true market value of their house, it's a good idea to get an appraisal from Advance Real Estate Appraisals Inc., regardless of the circumstances.
If the parties wish to sell the home, they'll have a better idea of what price to set. 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 mindThe loss 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 Market Value for the residential property involved. We guarantee the fullest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Most Americans do not have dedicated estate planners or executors to handle these matters, unlike wealthier individuals. A home or other property often makes up an uneven share of the total estate value, so knowing the true value of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've received an honest deal.
Advance Real Estate Appraisals Inc. can help you with relocating to or from Miami-Dade CountyWe understand the stress involved with an employee relocation. That's why we take great care in setting up a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive attributes of their property, as well as information about any new sales or listings in their area that they want considered during our intensive process.
Don't sell out short or keep your home on the market too long.Whether you choose to sell your home on your own or use the assistance of a real estate agent, a professional appraisal will 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. The price we charge isn't contingent upon the value we report, but rather they are calculated on our efforts to finish the appraisal.
We analyze the difference in value items like an additional bathroom or a kitchen remodel can make on a daily basis. 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 - because we're experts in knowing how long properties stay on the market.