Southern Belle Appraisals do appraisals for a variety of reasonsThousands of people in Florida buy, sell or refinance their home every year. A lot of these transactions consist of a simple line item for an appraisal. The majority of lenders still call in a local expert because the stakes are incredibly high, even though there are a developing number of automated home valuation processes that may seem more economical than an appraisal. But is obtaining a mortgage the only basis for getting an appraisal? Are there other times when the services of a licensed, independent real estate professional could be helpful? Of course.
Challenge your tax assessmentIf you reside in an area where the value of property has depreciated, it's possible you're paying too much in property taxes. An appraisal from Southern Belle Appraisals is your best evidence when building your case. At Southern Belle Appraisals,we can assist you in disputing your tax assessment.
Let Southern Belle Appraisals assist you in lowering your mortgage paymentPrivate Mortgage Insurance, or PMI, is a supplemental insurance plan that almost all lenders ask home buyers to buy when the amount being loaned to the home owner is more than 80% of the actual value of the real estate. This added payment is often bundled into the monthly mortgage payment and is soon forgotten. This is damaging because PMI is unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - goes below the 80% level. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress requiring lenders to do away with the PMI installments when the balance is paid down to 78% of the original value.
If you'd like to get rid of PMI, Southern Belle Appraisals will produce a statement regarding the value of your home. The expense of the home valuation can usually be regained in just a few months because you'll no longer be paying the PMI.
Settling a divorce with less stress with an appraisal from Southern Belle AppraisalsA divorce is often complicated by the troublesome decision of who keeps the property, and it can be an especially heartbreaking experience for both parties. Regardless of the situation, it's wise to order an appraisal from Southern Belle Appraisals so both parties are fully aware of the true market value of their house.
The parties will have a a good idea of what price to set, if they wish to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.
Settling an estate with peace of mindThe death of a loved one is a difficult time in life, and settling an estate from a death, or probate, often calls for an appraisal to establish 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.
Most Americans do not have dedicated estate planners or executors to manage these affairs, unlike wealthier individuals. And since a home or other property often makes up a disproportionate share of the total estate value, knowing the true value of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've gotten a fair deal.
Relocating to or from Central FloridaMoving due to a job change is a real pain. We know where you're coming from! We take great care in organizing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive aspects of their property, along with information about any current sales or listings in their neighborhood that they want considered during our thorough process.
Selling 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 will 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, which is different than the interest of real estate agents. Our fees aren't contingent upon the value opinion we render, but rather they rest on our efforts to finish the appraisal.
We analyze the difference in value things like an additional bathroom or a kitchen remodel can make on a daily basis. Obtaining a professional appraisal is a trusted 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.