Why you should order an appraisal from Greater Orlando Appraisal Assoc., Inc.

Every year, thousands of people in Florida buy, sell or refinance their home. Most of these transactions contain a simple line item for an appraisal. The majority of lenders still call for a local expert because the stakes are so high, even though there are a growing number of automated home valuation methods that may appear less expensive than an appraisal. You might believe that getting a mortgage is the only reason to acquire an appraisal, but there are other times when the services of a certified, independent real estate professional might be helpful.

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

Contest your tax assessment

It's quite possible 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 prices have declined in your neighborhood, you can appeal your assessment and save money. When building your case, an appraisal from us is your best evidence. We're capable of assisting you in challenging your tax assessment.

Eliminate PMI to lower your mortgage payment

When the amount being loaned to the homebuyeris more than 80% of the actual value of the real estate, many lenders ask home buyers to take out this extra insurance policy. That policy is Private Mortgage Insurance, or PMI. This additional payment is often lumped into the monthly mortgage payment and is soon forgotten. This is unfortunate because PMI is unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% level. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to remove the PMI payments when the loan-to-value ratio conditions have been met.

If you'd like to do away with PMI, Greater Orlando Appraisal Assoc., Inc. can give you a statement regarding the value of your home. The price you paid for the appraisal can usually be recovered in little time because you'll no longer be paying the PMI.

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

A divorce is often complicated by the hard decision of who keeps the property, and it can be a very traumatic ordeal for both parties. So both parties are entirely aware of the true market value of their house, it's a good idea to order an appraisal from Greater Orlando Appraisal Assoc., Inc., regardless of the situation.

If the parties want to sell the home, they'll have a a good idea of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.

Fair and accurate estate liquidation

The 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 Fair Market Value for the residential property involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the fullest degree of discretion.

Most Americans do not have dedicated estate planners or executors to take care of these affairs, unlike wealthier individuals. And since a home or other property often makes up an uneven share of the total estate value, understanding the true value of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've received a fair deal.

Move to or from Orange County for work

Employee relocation can be a stressful event, and we understand. We take great care in establishing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive aspects of their property, as well as information regarding any recent sales or listings in their neighborhood that they want considered during our thorough inspection.

Sell your home promptly — for the right price

A professional appraisal will help you make a more informed decision regarding your asking price, whether you choose to sell your home on your own or use the assistance of a real estate agent. An appraiser has no vested interest in what price the house sells for, unlike real estate agents. Our fees are based on our efforts to finish the appraisal report and and aren't related to the sales price.

We determine the difference in value things like an extra bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long propertiesare on the market. So, getting a professional appraisal is a reliable 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 Greater Orlando Appraisal Assoc., Inc. assist you in selling your home quickly at the right price