Let Personal Service Realty's Residential Valuation Group attend to your appraisal needs

To a lot of us, an appraisal is simply another cost on the settlement sheet for a mortgage or refinance. And while there are an increasing number of automated home valuation processes that might seem more prudent than an appraisal, the majority of lenders still call in a local expert because the stakes are incredibly high. You might think that securing 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 could be beneficial.

Let Personal Service Realty's Residential Valuation Group assist you in lowering your mortgage payment

Appeal your tax assessment

If you live in an area where the property value has declined, it's possible you're paying too much in property taxes. When building your case, an appraisal from us is your best evidence. We can assist you in disputing your tax assessment.

Remove PMI to lower your mortgage payment

Private Mortgage Insurance, or PMI, is an extra insurance policy that most lenders ask homebuyers to purchase when the amount being loaned to the home buyer is more than 80% of the actual value of the home. This additional payment is often bundled into the monthly mortgage payment and is soon forgotten. PMI becomes unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - dips below the 80% mark, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was invoked by the United States Congress that requires lenders to remove the PMI installments when the loan-to-value ratio conditions have been met.

Personal Service Realty's Residential Valuation Group will give you a statement regarding the value of your home, and the expense of the home valuation can usually be offset in little time because you'll no longer be paying the PMI.

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Get a clear valuation on a home for divorce settlements

A divorce can be a very traumatic event for both parties, and it is often more complicated by the difficult decision of who gets the house. So both parties are fully aware of the true market value of their property, it's a good idea to order an appraisal from Personal Service Realty's Residential Valuation Group, regardless of the circumstances.

If the parties need 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.

Fair and accurate estate liquidation

The loss of a loved one is a difficult time in life, and settling an estate from a death, or probate, often entails 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 utmost degree of discretion.

Unlike wealthy individuals, most Americans don't have dedicated estate planners or executors to handle these issues. A home or other property often makes up an uneven 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 Duval County for work

We are aware of the stress associated with an employee relocation. That's why we take great care in establishing a convenient appointment time for the appraisal inspection. During our detailed inspection, we recommend relocating employees to provide input on the positive characteristics of their property, as well as information regarding any new sales or listings in their neighborhood that they want considered.

Sell your home quickly — for an accurate price

Whether you want to sell your home on your own or use the assistance of a real estate agent, a professional appraisal will help you make a more informed decision regarding your selling price. Unlike a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees aren't related to the sales price, but rather they are calculated on our efforts to complete the appraisal report.

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, seeking 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 Personal Service Realty's Residential Valuation Group help you sell your home quickly at the right price