Reasons someone would call River Region Appraisals, L.L.C.Thousands of people in Alabama buy, sell or refinance their home each month. Many of these transactions have a simple line item for an appraisal. And even though there are a growing number of automated home valuation processes that may appear more cost-effective than an appraisal, most lenders still call for a local expert because the stakes are incredibly high. But is getting a mortgage the only basis for getting an appraisal? Are there additional situations when the services of a licensed, independent real estate professional could be beneficial? Absolutely.
Appeal your tax assessment in Wetumpka CountyIt's probable you're paying too much in property taxes if you live in an area where property values have depreciated. Property taxes are based upon a previous assessment of your house, so if values have declined in your area, you can appeal your assessment and save money. An appraisal from River Region Appraisals, L.L.C. is your best evidence when building your case. At River Region Appraisals, L.L.C.,we can assist you in disputing your tax assessment.
River Region Appraisals, L.L.C. can help you do away with PMI to lower your mortgage paymentPrivate Mortgage Insurance, or PMI, is an extra insurance policy that many lenders ask home owners to purchase when the amount being loaned to the homeowner is more than 80% of the actual value of the real estate. This extra payment is often lumped into the monthly mortgage payment and is promptly forgotten. PMI isn't necessary when the leftover balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% level, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was approved by the United States Congress requiring lenders to eliminate the PMI payments when the balance is paid down to 78% of the original value.
River Region Appraisals, L.L.C. can give you a statement regarding the value of your home, and the price you paid for the appraisal can often be recovered in a short amount of time because you'll no longer be paying the PMI.
Settling a divorce with less stress with an appraisal from River Region Appraisals, L.L.C.A divorce is often complicated by the burdensome decision of who gets the property, and it can be a very heartbreaking event for both parties. Regardless of the circumstances, it's wise to order an appraisal from River Region Appraisals, L.L.C. so both parties are fully aware of the true market value of their home.
The parties will have a clearer picture of what price to set, if they want 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.
Accurate and fair estate liquidation with River Region Appraisals, L.L.C.Settling an estateThe loss 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 Market Value for the residential property involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the maximum degree of discretion.
Unlike wealthy individuals, most Americans do not have dedicated estate planners or executors to take care of these affairs. 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 vital importance to ensuring disputing parties leave knowing they've gotten a fair deal.
Relocating to or from Wetumpka CountyMoving due to a job change is a stressful event, and we understand. We take great care in setting up a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive aspects of their property, along with information regarding any current sales or listings in their area that they want considered during our thorough process.
Selling your home quickly at the right priceA professional appraisal will help you make a better educated decision regarding your asking price, whether you choose to sell your home on your own or with the help of a real estate agent. An appraiser has no vested interest in what price the house sells for, unlike real estate agents. Our fees depend on our efforts to finish the appraisal report and not a percentage of the sales price.
On a daily basis, we examine the difference in value items like an additional bathroom or a kitchen remodel can make. And we're experts in knowing how long properties are on the market. So, getting 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 too long, costing you hassle and money.
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