Reasons to order an appraisal from Personal Service Realty's Residential Valuation Group
To many, an appraisal is simply a line item on the break-sheet for a mortgage or refinance. Most lenders still want a local expert because the stakes are so high, even though there are an increasing number of automated home valuation methods that may appear cheaper than an appraisal. You might assume that obtaining a mortgage is the only reason you should get an appraisal, but there are additional times when the services of a licensed, independent real estate professional might come in handy.
Appeal your tax assessment in Duval County
If you live in an area where property values have declined, it's possible you're paying too much in property taxes. An appraisal from Personal Service Realty's Residential Valuation Group is your best evidence when building your case. We can assist you in disputing your tax assessment.
PMI removal to lower your mortgage payment
Private Mortgage Insurance, or PMI, is a supplemental insurance plan that almost all lenders ask homeowners to purchase when the amount being loaned to the home buyer is more than 80% of the actual value of the home. Seeing that additional payment is usually bundled into the monthly mortgage payment, it is often forgotten. This is unfavorable because PMI is no longer required when the remaining balance of the loan - whether through market appreciation or principal pay down - dips below the 80% level. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress that requires lenders to eliminate the PMI installments when the loan-to-value ratio conditions have been met.
Personal Service Realty's Residential Valuation Group can produce a statement regarding the value of your home, and the expense of the home valuation can often be recovered in little time because you'll no longer be paying the PMI.
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Get a fair valuation on a home for divorce settlements
A divorce can be a very daunting event for both parties, and it is often more complicated by the challenging decision of who maintains the house. Regardless of the circumstances, it's a good idea to order an appraisal from Personal Service Realty's Residential Valuation Group so both parties are completely aware of the true market value of their property.
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 gotten a fair assessment.
Accurate and fair estate liquidation
Losing 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 real estate involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the highest degree of discretion.
Unlike wealthy individuals, most Americans don't have dedicated estate planners or executors to handle these issues. And seeing that 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 vital importance to ensuring disputing parties leave knowing they've gotten a fair deal.
Move to or from Duval County through an employee relocation program
We know the stress involved with an employee relocation. We take great care in establishing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive characteristics of their property, along with information regarding any current sales or listings in their neighborhood that they want considered during our detailed inspection.
Close on your home promptly — at the right price
A professional appraisal will help you make a more informed decision regarding your selling price, whether you want to sell your home on your own or use the assistance of a real estate agent. Apart from a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees are calculated on our efforts to complete the appraisal report and not a percentage of the sales price.
We analyze the difference in value items like an additional bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long homesare on the market. So, seeking a professional appraisal is a trusted 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.