Reasons to order an appraisal
To many, an appraisal is simply a line item in the long list of items for a mortgage or refinance. The majority of lenders still call in a local expert because the stakes are incredibly high, even though there are a multiplying number of automated home valuation systems that might appear cheaper than an appraisal. You might think that getting a mortgage is the only reason to get an appraisal, but there are more times when the services of a certified, independent real estate professional might be helpful.
Appeal your tax assessment
It's likely you're paying too much in property taxes if you reside in an area where property values have depreciated. Property taxes are based upon a past assessment of your home, so if values are less than what they used to be in your area, you can challenge your assessment and save money. An appraisal from Hixon & Associates, LLC (334) 215-0388 is your best evidence when building your case. We're qualified to assist you in disputing your tax assessment.
Getting rid of your PMI for mortgage payments
Private Mortgage Insurance, or PMI, is a supplemental insurance policy that nearly all lenders ask homeowners to purchase when the amount being loaned to the home owner is more than 80% of the actual value of the property. Most often, this added payment is folded into the monthly mortgage payment and is promptly forgotten. This is damaging because PMI becomes unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - goes below the 80% mark. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to do away with the PMI payments when the loan-to-value ratio conditions have been met.
If you'd like to do away with PMI, Hixon & Associates, LLC (334) 215-0388 will give you a statement regarding the value of your home. The price you paid for the home valuation can usually be recovered in a short amount of time because you'll no longer be paying the PMI.
Get your appraisal from Hixon & Associates, LLC (334) 215-0388Order today
Settle a divorce with less stress
A divorce is often complicated by the hard decision of who maintains the house, and it can be a very daunting experience for both parties. Regardless of the situation, it's a good idea to order an appraisal from Hixon & Associates, LLC (334) 215-0388 so both parties are completely aware of the true market value of their property.
If the parties wish to sell the home, they'll have a clearer picture of what price to set. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation.
Accurate and fair estate liquidation
The death of a loved one is a hard 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 maximum degree of discretion.
Unlike wealthier individuals, most Americans don't have dedicated estate planners or executors to handle these matters. And seeing that a home or other property often makes up a disproportionate share of the total estate value, 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 Montgomery County for work
Employee relocation is a stressful event, and we understand. We take great care in organizing a convenient appointment time for the appraisal inspection. During our detailed inspection, we recommend relocating employees to provide input on the positive features of their property, along with information regarding any new sales or listings in their area that they want considered.
Sell your home promptly — for the right price
A professional appraisal can help you make a more informed decision when determining your selling price, whether you want to sell your home on your own or with the help of a real estate agent. An appraiser has no vested interest in what amount the house sells for, apart from real estate agents. Our fees aren't related to the sales price, but rather they are based on our efforts to complete the appraisal report.
On a daily basis, we examine the difference in value items like an additional bathroom or a kitchen remodel can make. Getting a professional appraisal is a trusted way to decide what improvements will add value and what an appropriate 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 homes are one the market.