Reasons someone would use the services of Mitchell Appraisals

Thousands of people in Florida buy, sell or refinance their home each year. A lot of these transactions have a simple line item for an appraisal. The majority of lenders still need a local expert because the stakes are so high, even though there are an increasing number of automated home valuation methods that might appear to be cheaper than an appraisal. You might believe that obtaining a mortgage is the only reason you should get an appraisal, but there are additional situations when the services of a certified, independent real estate professional might be helpful.


	For real estate appraisals in Navarre and Santa Rosa County, it's easiest when your order online from Mitchell Appraisals, just click here.

Appeal your tax assessment in Santa Rosa County

It's probable you're paying too much in property taxes if you reside in an area where property values have declined. Ad Valorem taxes are determined by a past assessment of your house, so if values are less than what they used to be in your area, you can appeal your assessment and save money. When building your case, an appraisal from Mitchell Appraisals is your best evidence. At Mitchell Appraisals,we can assist you in challenging your tax assessment.

Removing PMI will lower your mortgage payment

When the amount being loaned to the home buyer is more than 80% of the actual value of the property, most lenders ask home owners to purchase an added insurance plan. That policy is Private Mortgage Insurance, or PMI. Oftentimes, this added payment is folded into the monthly mortgage payment and is quickly forgotten. PMI isn't required when the leftover balance of the loan - whether through market appreciation or principal pay down - falls below the 80% mark, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was approved by the United States Congress requiring lenders to dismiss the PMI payments on most mortgages when the balance is paid down to 78% of the original value.

If you'd like to do away with PMI, Mitchell Appraisals can produce a statement regarding the value of your home. The price you paid for the home valuation can often be recovered in little time because you'll no longer be paying the PMI.

Settling a divorce with less stress

A divorce can be an especially daunting experience for both parties, and it is often even more complicated by the troublesome decision of who maintains the property. Regardless of the situation, it's prudent to get an appraisal from Mitchell Appraisals so both parties are completely aware of the true market value of their home.

The parties will have a a good idea of what price to set, if they wish to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.

Fair and accurate estate liquidation with Mitchell AppraisalsSettling an estate

The loss of a loved one is a painful 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. We ensure the maximum degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).

Most Americans do not have dedicated estate planners or executors to take care of these issues, unlike wealthy individuals. 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 gotten an honest deal.

Mitchell Appraisals can assist you in relocating to or from Santa Rosa County

We are familiar with the headaches involved with an employee relocation. That's why we take great care in setting up a convenient appointment time for the appraisal inspection. During our detailed process, we suggest employees that are moving to provide remarks on the positive features of their property, as well as information regarding any current sales or listings in their area that they want considered.

Don't sell out short or keep your home on the market too long.

Whether you choose 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 asking price. An appraiser has no vested interest in what amount 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 are calculated on our efforts to finish the appraisal.

On a daily basis, we analyze the difference in value things like an additional bathroom or a kitchen remodel can make. Getting 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 - because we're experts in knowing how long properties stay on the market.