6 Reasons to consider an appraisal from Independent Valuation Services
To a lot of people, an appraisal just looks like one more thing in the long list of items for a mortgage or refinance. And even though there are a budding number of automated home valuation processes that might appear cheaper than an appraisal, nearly all lenders still need a local expert because the stakes are very high. Is getting a mortgage the only reason to acquire an appraisal? Are there also times when the services of a licensed, independent real estate professional might be helpful? Absolutely.
Challenge your tax assessment in Scott County
If you reside in an area where the property value has declined, it's possible you're paying too much in property taxes. An appraisal from Independent Valuation Services is your best evidence when building your case. We can assist you in challenging your tax assessment.
Eliminating PMI for mortgage payments
Private Mortgage Insurance, or PMI, is an additional insurance plan that many lenders ask homebuyers to buy when the amount being loaned to the buyer is more than 80% of the actual value of the property. Oftentimes, this added payment is folded into the monthly mortgage payment and is quickly forgotten. This is unfavorable because PMI is unnecessary when the leftover balance 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 remove the PMI installments when the loan-to-value ratio conditions have been met.
Independent Valuation Services will give you a statement regarding the value of your home, and the price you paid for the home valuation can usually be offset in a short amount of time because you'll no longer be paying the PMI.
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Divorce settlement with less stress
A divorce is often complicated by the hard decision of who keeps the house, and it can be an especially traumatic event for both parties. It's a good idea to get an appraisal from Independent Valuation Services so both parties are entirely aware of the true market value of their house, regardless of the circumstances.
The parties will have a clearer picture of what price to set, if they wish 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
The death of a loved one is a difficult time in life, and settling an estate from a death, or probate, often requires an appraisal to establish Fair Market Value for the real estate involved. We guarantee the maximum 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 manage these affairs, unlike wealthy individuals. And seeing that a home or other property often makes up an uneven share of the total estate value, knowing the true worth of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've received an honest deal.
Move to or from Scott County through an employee relocation program
Employee relocation is a stressful event, and we understand. We take great care in setting up a convenient appointment time for the appraisal inspection. During our detailed inspection, we suggest relocating employees to provide feedback on the positive aspects of their property, as well as information about any current sales or listings in their neighborhood that they want considered.
Sell your home quickly — at the right price
Whether you want 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 when determining your selling price. An appraiser has no vested interest in what price the house sells for, unlike real estate agents. Our fees aren't related to the sales price, but rather they rest on our efforts to complete the appraisal report.
We determine the difference in value things like an additional bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long homesare on the market. So, seeking a professional appraisal is a reliable way to determine what improvements will add value and what an applicable sales price is for your home so you don't come up short or have your house on the market an unnecessarily long time.