Why you should get an appraisalTo many, an appraisal is simply another fee on the settlement sheet for a home purchase or refinance. Even though there are an increasing number of automated home valuation systems that may appear less expensive than an appraisal, practically all lenders still want a local expert because the stakes are very high. But is getting a mortgage the only reason to acquire an appraisal? Are there also cases when the services of a certified, independent real estate professional could be beneficial? Absolutely.
Let Nettles Real Estate Services help you dispute your tax assessment in Madison CountyIt's likely you're paying too much in property taxes if you live in an area where property values have depreciated. Ad Valorem taxes are based upon a previous assessment of your real estate, so if values are less than what they used to be in your area, you can challenge your assessment and save money. An appraisal from Nettles Real Estate Services is your best evidence when building your case. At Nettles Real Estate Services, we're equipped to assist you in appealing your tax assessment.
Let Nettles Real Estate Services help you eliminate PMI to lower your mortgage paymentWhen the amount being loaned to the home buyer is more than 80% of the actual value of the home, many lenders ask homeowners to buy an supplemental insurance policy. That policy is Private Mortgage Insurance, or PMI. This additional payment is often lumped into the monthly mortgage payment and is promptly forgotten. This is unfavorable because PMI is unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - goes 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 remove the PMI payments when the loan-to-value ratio conditions have been met.
If you'd like to eliminate PMI, Nettles Real Estate Services can provide you with a statement regarding the value of your home. The expense of the home valuation can often be offset in just a few months because you'll no longer be paying the PMI.
Settling a divorce with less stressA divorce is often complicated by the troublesome decision of who maintains the house, and it can be an especially traumatic experience for both parties. It's a good idea to order an appraisal from Nettles Real Estate Services so both parties are completely aware of the true market value of their property, regardless of the circumstances.
The parties will have a better idea of what price to set, if they want to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair assessment.
Fair and accurate estate liquidation with help from Nettles Real Estate ServicesSettling an estateThe death of a loved one is a hard time in life, and settling an estate from a death, or probate, often calls for an appraisal to establish 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 fullest degree of discretion.
Unlike wealthy individuals, most Americans do not have dedicated estate planners or executors to take care of these affairs. 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 vital importance to ensuring disputing parties leave knowing they've gotten an honest deal.
Relocating to or from Madison CountyMoving due to a job change can be a stressful event, and we understand. We take great care in organizing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive characteristics of their property, along with information about any new sales or listings in their area that they want considered during our thorough process.
Let Nettles Real Estate Services help you sell your home quickly at the right priceWhether 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 better educated decision regarding your selling price. Separate from a real estate agent, an appraiser has no vested interest in what amount the house sells for. The price we charge isn't related to the sales price, but rather they are calculated on our efforts to finish the appraisal.
We determine 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 reliable 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 houses are one the market.