Let A. M. Appraisals take care of your appraisal needs
To a lot of us, an appraisal is simply another fee in the long list of items for a home sale or refinance. Nearly all lenders still call for a local expert because the stakes are very high, even though there are a multiplying number of automated home valuation systems that may appear to be more economical than an appraisal. You might assume that securing a mortgage is the only reason to get an appraisal, but there are other situations when the services of a licensed, independent real estate professional could come in handy.
Appeal your tax assessment in Lexington County
If you live in an area where property values have depreciated, it's possible you're paying too much in property taxes. An appraisal from A. M. Appraisals is your best evidence when building your case. At A. M. Appraisals, we're equipped to assist you in disputing your tax assessment.
Eliminating PMI for mortgage payments
When the amount being loaned to the buyeris more than 80% of the actual value of the real estate, many lenders ask homebuyers to take out this supplemental insurance policy. That policy is Private Mortgage Insurance, or PMI. Very often, this extra payment is lumped into the monthly mortgage payment and is quickly forgotten. This is unfavorable because PMI isn't necessary when the remaining balance of the loan - whether through market appreciation or principal pay down - goes below the 80% level. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to eliminate the PMI installments when the loan-to-value ratio conditions have been met.
If you'd like to eliminate PMI, A. M. Appraisals will produce a statement regarding the value of your home. The expense of the home valuation can often be regained in just a few months because you'll no longer be paying the PMI.
Get your appraisal from A. M. AppraisalsOrder today
Get a fair valuation on a home take make a divorce settlement less stressful
A divorce can be a particularly traumatic event for both parties, and it is often further complicated by the difficult decision of who keeps the house. 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 situation.
The parties will have a clearer picture of what price to set, if they need to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.
Accurate and fair estate liquidation
The death of a loved one is a painful time in life, and settling an estate from a death, or probate, often requires an appraisal to establish Fair Market Value for the real estate involved. We guarantee the fullest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Unlike 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.
Move to or from Lexington County through an employee relocation program
Employee relocation is a stressful event, and we understand. That being said, we take great care in organizing a convenient appointment time for the appraisal inspection. During our intensive inspection, we suggest relocating employees to provide feedback on the positive aspects of their property, as well as information about any new sales or listings in their neighborhood that they want considered.
Sell your home promptly — at the right price
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 when determining your asking price. Unlike 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 complete the appraisal report.
We determine the difference in value things like an additional bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long propertiesstay on the market. So, seeking a professional appraisal is a reliable 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 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.