Reasons to get an appraisal from A. M. Appraisals

Thousands of people in South Carolina purchase, sell or refinance their home each year. A lot of these transactions contain a simple line item for an appraisal. The majority of lenders still want a local expert because the stakes are incredibly high, even though there are a budding number of automated home valuation systems that may appear to be more prudent than an appraisal. Is securing a mortgage the only reason to get an appraisal? Are there other instances when the services of a certified, independent real estate professional could be beneficial? Absolutely.

Let A. M. Appraisals help you lower your mortgage payment

Appeal your tax assessment

It's possible you're paying too much in property taxes if you reside in an area where property values have declined. Property taxes are determined by a past assessment of your house, so if values have gone down in your neighborhood, you can appeal your assessment and save money. When building your case, an appraisal from us is your best evidence. At A. M. Appraisals, we're capable of assisting you in appealing your tax assessment.

PMI removal to reduce your mortgage payment

Private Mortgage Insurance, or PMI, is a supplemental insurance plan that many lenders ask home buyers to buy when the amount being loaned to the home owner is more than 80% of the actual value of the real estate. Since the additional payment is usually lumped into the monthly mortgage payment, it is often forgotten. This is bad because PMI isn't required when the remaining balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% level. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to remove the PMI installments when the loan-to-value ratio conditions have been met.

If you'd like to do away with PMI, A. M. Appraisals can give you a statement regarding the value of your home. The cost of the appraisal can generally be offset in little time because you'll no longer be paying the PMI.

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Get a clear valuation on a home for divorce settlements

A divorce is an especially daunting event for the parties involved, and it is often even more complicated by the difficult decision of who keeps the home. Regardless of the situation, it's a good idea to order an appraisal from A. M. Appraisals so both parties are fully aware of the true market value of their property.

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 evaluation.

Ascertain a fair and accurate valuation for estate liquidation

Losing a loved one is a difficult 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).

Most Americans don't have dedicated estate planners or executors to take care of these issues, unlike wealthier individuals. 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 vital importance to ensuring disputing parties walk away knowing they've gotten a fair deal.

Relocate to or from Lexington County for work

We are familiar with the headaches involved with an employee relocation. That being said, we take great care in establishing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive aspects of their property, as well as information about any recent sales or listings in their area that they want considered during our detailed inspection.

Sell your home quickly — for the right price

Whether you decide 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 selling price. Apart from a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees depend on our efforts to complete the appraisal report and and aren't related to the sales price.

We examine 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 homesare on the market. So, obtaining a professional appraisal is a reliable way to determine 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.

Let A. M. Appraisals assist you in selling your home quickly at the right price

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.

Refinance