Reasons to get an appraisal
Each year, thousands of people in Georgia buy, sell or refinance their home. Most of these transactions consist of a simple line item for an appraisal. And even though there are a budding number of automated home valuation methods that may appear cheaper than an appraisal, almost all lenders still call in a local expert because the stakes are incredibly high. You might believe that getting a mortgage is the only reason to get an appraisal, but there are more situations when the services of a licensed, independent real estate professional could come in handy.
Challenge your tax assessment in Fayette County
It's quite possible you're paying too much in property taxes if you reside in an area where property values have depreciated. Property taxes are determined by a previous assessment of your real estate, so if prices have declined in your area, you can appeal your assessment and save money. An appraisal from ALL METRO ATLANTA APPRAISAL CO. is your best evidence when building your case. We're equipped to assist you in challenging your tax assessment.
Get rid of PMI to lower your mortgage payment
Private Mortgage Insurance, or PMI, is an added insurance plan that most lenders ask homebuyers to buy when the amount being loaned to the homeowner is more than 80% of the actual value of the real estate. Very often, this added payment is bundled into the monthly mortgage payment and is quickly forgotten. This is bad because PMI isn't necessary when the remaining balance of the loan - whether through market appreciation or principal pay down - falls below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress that requires lenders to eliminate the PMI payments when the loan-to-value ratio conditions have been met.
If you'd like to get rid of PMI, ALL METRO ATLANTA APPRAISAL CO. can give you a statement regarding the value of your home. The expense of the appraisal can usually be regained in just a few months because you'll no longer be paying the PMI.
Order an appraisal from ALL METRO ATLANTA APPRAISAL CO.Order online
Get a fair valuation on a home for divorce settlements
A divorce is often complicated by the difficult decision of who keeps the property, and it can be a particularly horrible ordeal for both parties. Regardless of the circumstances, it's a good idea to order an appraisal from ALL METRO ATLANTA APPRAISAL CO. so both parties are completely aware of the true market value of their property.
The parties will have a good idea of what price to set, if they wish to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.
Ascertain a fair and accurate valuation for estate liquidation
The 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 Fair Market Value for the real estate involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the utmost degree of discretion.
Unlike many wealthy individuals, most Americans don't have dedicated estate planners or executors to manage these affairs. A home or other property often makes up a disproportionate share of the total estate value, so knowing the true worth of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've gotten a fair deal.
Relocate to or from Fayette County through an employee relocation program
Employee relocation is a stressful event, and we understand. That's why we take great care in setting up an accommodating appointment time for the appraisal inspection. During our detailed inspection, we suggest relocating employees to provide feedback on the positive aspects of their property, as well as information about any current sales or listings in their neighborhood that they want considered.
Close on your home promptly — at the right price
A professional appraisal will help you make a better educated decision when determining your selling price, whether you decide 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 price the house sells for. Our fees aren't a percentage of the sales price, but rather they are based on our efforts to finish the appraisal report.
On a daily basis, we determine the difference in value items like an additional bathroom or a kitchen remodel can make. Obtaining a professional appraisal is a reliable way to determine what improvements will add value and what an applicable 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 properties stay on the market.