There are lots of reasons people call on Hill Real Estate Appraisals (937) 506-8324Thousands of people in Ohio purchase, sell or refinance their home every month. A lot of these transactions consist of a simple line item for an appraisal. And while there are a growing number of automated home valuation methods that might appear more practical than an appraisal, the majority of lenders still call for a local expert because the stakes are so high. But is securing a mortgage the only reason to get an appraisal? Are there also instances when the services of a licensed, independent real estate professional could be helpful? Of course.
Dispute your tax assessment in Miami CountyIt's quite possible you're paying too much in property taxes if you live in an area where property values have declined. Property taxes are based upon a past assessment of your real estate, so if values have gone down in your area, you can challenge your assessment and save money. An appraisal from Hill Real Estate Appraisals (937) 506-8324 is your best evidence when building your case. We're capable of assisting you in disputing your tax assessment.
PMI removal to lower your mortgage paymentPrivate Mortgage Insurance, or PMI, is an extra insurance policy that many lenders ask home owners to buy when the amount being loaned to the buyer is more than 80% of the actual value of the home. Most often, this extra payment is bundled 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 United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to remove the PMI payments when the loan-to-value ratio conditions have been met.
Hill Real Estate Appraisals (937) 506-8324 will provide you with a statement regarding the value of your home, and the expense of the appraisal can generally be regained 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 Hill Real Estate Appraisals (937) 506-8324A divorce is often complicated by the hard decision of who keeps the home, and it can be a particularly traumatic event for both parties. It's a good idea to order an appraisal from Hill Real Estate Appraisals (937) 506-8324 so both parties are completely aware of the true market value of their house, regardless of the situation.
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 gotten a fair assessment.
Accurate and fair estate liquidation with Hill Real Estate Appraisals (937) 506-8324Settling an estateLosing 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, ensuring the fullest degree of discretion.
Unlike wealthier individuals, most Americans don't have dedicated estate planners or executors to handle these affairs. A home or other property often makes up a disproportionate 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 leave knowing they've received a fair deal.
Relocating to or from Miami County?Employee relocation can be a stressful event, and we understand. That being said, we take great care in organizing an accommodating appointment time for the appraisal inspection. During our thorough process, we suggest employees that are moving to provide feedback on the positive features of their property, along with information about any current sales or listings in their area that they want considered.
Selling your home quickly at the right priceWhether you choose to sell your home on your own or use the assistance of a real estate agent, a professional appraisal can help you make a better educated decision regarding your asking 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 a percentage of the sales price, but rather they depend on our efforts to finish the appraisal.
On a daily basis, we determine the difference in value things like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long homes stay on the market. So, seeking a professional appraisal is a trusted way to determine 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 too long, costing you hassle and money.