Reasons to get an appraisal from Greater Orlando Appraisal Assoc., Inc.

To many, 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 systems that might seem more cost-effective than an appraisal, nearly all lenders still call in a local expert because the stakes are very high. Is getting a mortgage the only reason you should get an appraisal? Are there additional instances when the services of a certified, independent real estate professional could come in handy? You bet there are.

Let Greater Orlando Appraisal Assoc., Inc. assist you in lowering your mortgage payment

Challenge your tax assessment in Orange County

If you are in an area where the value of property has depreciated, it's possible you're paying too much in property taxes. An appraisal from Greater Orlando Appraisal Assoc., Inc. is your best evidence when building your case. We're qualified to assist you in challenging your tax assessment.

Getting rid of your PMI for mortgage payments

Private Mortgage Insurance, or PMI, is an extra insurance plan that nearly all lenders ask home buyers to buy when the amount being loaned to the homeowner is more than 80% of the actual value of the real estate. Seeing that added payment is usually bundled into the monthly mortgage payment, it is often forgotten. PMI is no longer required when the leftover balance of the loan - whether through market appreciation or principal pay down - goes below the 80% level, making this very unfortunate. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress requiring lenders to dismiss the PMI installments when the loan-to-value ratio conditions have been met.

If you'd like to eliminate PMI, Greater Orlando Appraisal Assoc., Inc. can give you a statement regarding the value of your home. The expense of the home valuation can generally be offset in just a few months because you'll no longer be paying the PMI.

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Divorce settlement with fewer hang-ups

A divorce can be an especially daunting experience for both parties, and it is often more complicated by the burdensome decision of who keeps the house. Regardless of the situation, it's a good idea to get an appraisal from Greater Orlando Appraisal Assoc., Inc. so both parties are completely aware of the true market value of their property.

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 gotten a fair assessment.

Determine a fair and accurate valuation for estate liquidation

Losing 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. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the fullest degree of discretion.

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

Move to or from Orange County through an employee relocation program

Employee relocation can be a stressful event, and we understand. That being said, we take great care in organizing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive aspects of their property, along with information about any new sales or listings in their area that they want considered during our detailed inspection.

Close on your home quickly — for an accurate price

A professional appraisal will 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. Unlike a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees aren't a percentage of the sales price, but rather they rest on our efforts to complete the appraisal report.

On a daily basis, we analyze the difference in value items like an additional bathroom or a kitchen remodel can make. And we're experts in knowing how long propertiesare on the market. So, 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.

Let Greater Orlando Appraisal Assoc., Inc. help you sell your home quickly at the right price