Let A. M. Appraisals serve your appraisal needs
Year after year, thousands of people in South Carolina buy, sell or refinance their home. Most of these transactions contain a simple line item for an appraisal. Nearly all lenders still call in a local expert because the stakes are so high, even though there are a growing number of automated home valuation methods that may appear to be less expensive than an appraisal. You might think that obtaining a mortgage is the only reason to acquire an appraisal, but there are more cases when the services of a licensed, independent real estate professional might come in handy.
Contest your tax assessment in Lexington County
It's probable you're paying too much in property taxes if you live in an area where property values have declined. Ad Valorem taxes are determined by a past assessment of your house, so if prices have gone down in your neighborhood, you can appeal your assessment and save money. An appraisal from A. M. Appraisals is your best evidence when building your case. At A. M. Appraisals, we're capable of assisting you in disputing your tax assessment.
Remove PMI to lower your mortgage payment
Private Mortgage Insurance, or PMI, is an added insurance plan that many lenders ask homeowners to buy when the amount being loaned to the home buyer is more than 80% of the actual value of the real estate. This added payment is often lumped into the monthly mortgage payment and is soon forgotten. This is unfavorable because PMI is no longer required when the leftover balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% level. In fact, the Homeowners Protection Act (HPA) of 1998 was invoked by the United States Congress requiring lenders to dismiss the PMI installments when the loan-to-value ratio conditions have been met.
A. M. Appraisals will give you a statement regarding the value of your home, and the price you paid for the appraisal can usually be regained in a short amount of time because you'll no longer be paying the PMI.
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Divorce settlement with less stress
A divorce can be a particularly traumatic event for both parties, and it is often further complicated by the strenuous decision of who keeps the home. It's a good idea to get an appraisal from A. M. Appraisals so both parties are entirely aware of the true market value of their home, regardless of the circumstances.
The parties will have a clearer picture of what price to set, if they want to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair assessment.
Ascertain a fair and accurate valuation for estate liquidation
The death of a loved one is a hard time in life, and settling an estate from a death, or probate, often requires 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.
Unlike many wealthy individuals, most Americans do not have dedicated estate planners or executors to manage these issues. And seeing that a home or other property often makes up a disproportionate 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.
Relocate to or from Lexington County for work
We are aware of the headaches involved with an employee relocation. That being said, we take great care in organizing a convenient appointment time for the appraisal inspection. During our detailed inspection, we encourage relocating employees to provide input on the positive aspects of their property, along with information about any new sales or listings in their neighborhood that they want considered.
Sell your home quickly — at the right price
A professional appraisal will help you make a more informed decision regarding your asking price, whether you decide to sell your home on your own or with the help of a real estate agent. An appraiser has no vested interest in what price the house sells for, unlike real estate agents. Our fees aren't related to the sales price, but rather they depend on our efforts to complete the appraisal report.
We determine the difference in value things like an extra bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long propertiesstay on the market. So, 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.
Do you need some extra cash?
We can determine the value of your property so that the bank or mortgage company of your choice will know how much money to loan you. This is typically an essential step in the loan process.