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Reasons to get an appraisal

Each year, thousands of people in Florida purchase, sell or refinance their home. A lot of these transactions include a simple line item for an appraisal. Even though there are a growing number of automated home valuation systems that may appear to be more economical than an appraisal, most lenders still need a local expert because the stakes are very high. Is securing a mortgage the only basis for getting an appraisal? Are there additional times when the services of a licensed, independent real estate professional could come in handy? Of course.

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Dispute your tax assessment

If you live in an area where property values have depreciated, it's possible you're paying too much in property taxes. An appraisal from Appraisal House, Inc. is your best evidence when building your case. At Appraisal House, Inc., we're equipped to assist you in challenging your tax assessment.

Eliminating PMI for mortgage payments

When the amount being loaned to the homebuyeris more than 80% of the actual value of the property, most lenders ask home buyers to purchase this extra insurance policy. That policy is Private Mortgage Insurance, or PMI. More often than not, this additional payment is lumped into the monthly mortgage payment and is promptly forgotten. PMI isn't required when the remaining balance of the loan - whether through market appreciation or principal pay down - goes below the 80% mark, making this very unfortunate. In fact, the Homeowners Protection Act (HPA) of 1998 was invoked by the United States Congress requiring lenders to do away with the PMI payments when the loan-to-value ratio conditions have been met.

Appraisal House, Inc. can give you a statement regarding the value of your home, and the price you paid for the appraisal can usually be regained in just a few months because you'll no longer be paying the PMI.

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Get a fair valuation on a home take make a divorce settlement less stressful

A divorce is an especially traumatic event for the parties involved, and it is often even more complicated by the difficult decision of who maintains the house. So both parties are entirely aware of the true market value of their home, it's a good idea to order an appraisal from Appraisal House, Inc., regardless of the situation.

If the parties want 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 painful time in life, and settling an estate from a death, or probate, often calls for an appraisal to establish Fair Market Value for the real estate involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the highest degree of discretion.

Most Americans do not have dedicated estate planners or executors to manage these issues, unlike many wealthy individuals. A home or other property often makes up an unequal share of the total estate value, so understanding the true value of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've received a fair deal.

Relocate to or from Okaloosa County through an employee relocation program

Employee relocation is a stressful event, and we understand. That being said, we take great care in organizing a convenient appointment time for the appraisal inspection. During our detailed inspection, we suggest relocating employees to provide input on the positive features of their property, along with information regarding any current sales or listings in their area that they want considered.

Sell your home quickly — for the right price

A professional appraisal can help you make a more informed decision regarding your asking price, whether you want 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 complete the appraisal report and not a percentage of the sales price.

On a daily basis, we determine the difference in value things like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long propertiesare on the market. So, getting a professional appraisal is a trusted 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.

Let Appraisal House, Inc. help you sell your home quickly at the right price