6 Reasons to order an appraisal from Mitchell Appraisals

Every year, thousands of people in Florida purchase, sell or refinance their home. Many of these transactions have a simple line item for an appraisal. Almost all lenders still need a local expert because the stakes are so high, even though there are a growing number of automated home valuation processes that might appear to be more cost-effective than an appraisal. Is securing a mortgage the only reason to acquire an appraisal? Are there also situations when the services of a certified, independent real estate professional might be helpful? Of course.

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Dispute your tax assessment

If you live in an area where the value of property has depreciated, it's possible you're paying too much in property taxes. An appraisal from Mitchell Appraisals is your best evidence when building your case. At Mitchell Appraisals, we're qualified to assist you in disputing your tax assessment.

Get rid of PMI to lower your mortgage payment

When the amount being loaned to the home buyeris more than 80% of the actual value of the home, most lenders ask home buyers to purchase this additional insurance plan. That policy is Private Mortgage Insurance, or PMI. Very often, this extra payment is bundled 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 - dips below the 80% level, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress that requires lenders to do away with the PMI installments when the loan-to-value ratio conditions have been met.

If you'd like to get rid of PMI, Mitchell Appraisals can give you a statement regarding the value of your home. The price you paid for the home valuation can often be regained in just a few months because you'll no longer be paying the PMI.

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Settle a divorce with fewer hang-ups

A divorce is an especially horrible experience for the parties involved, and it is often more complicated by the burdensome decision of who gets the home. Regardless of the situation, it's a good idea to get an appraisal from Mitchell Appraisals so both parties are entirely 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 gotten a fair assessment.

Fair and accurate estate liquidation

The loss of 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 utmost degree of discretion.

Most Americans do not have dedicated estate planners or executors to handle these matters, unlike wealthier individuals. And since a home or other property often makes up an uneven share of the total estate value, understanding the true worth of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've gotten an honest deal.

Move to or from Santa Rosa County through an employee relocation program

Employee relocation can be a stressful event, and we understand. That's why we take great care in organizing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive aspects of their property, as well as information regarding any new sales or listings in their neighborhood that they want considered during our detailed inspection.

Sell your home quickly — at the right price

Whether you want to sell your home on your own or with the help 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 amount the house sells for, apart from real estate agents. Our fees are calculated on our efforts to complete the appraisal report and not a percentage of the sales price.

On a daily basis, we analyze the difference in value things like an additional bathroom or a kitchen remodel can make. 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, because we're experts in knowing how long homes are one the market.

Let Mitchell Appraisals help you sell your home quickly at the right price