Reasons to get an appraisal from A & B Tax Service
To a lot of us, an appraisal is simply a line item on the settlement sheet for a home purchase or refinance. 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 systems that may appear to be more economical than an appraisal. You might think that obtaining a mortgage is the only basis for getting an appraisal, but there are more instances when the services of a licensed, independent real estate professional could be beneficial.
Appeal your tax assessment in Racine County
If you live in an area where the property value has declined, it's possible you're paying too much in property taxes. When building your case, an appraisal from us is your best evidence. We're capable of assisting you in disputing your tax assessment.
PMI removal to lower your mortgage payment
When the amount being loaned to the home owneris more than 80% of the actual value of the real estate, almost all lenders ask home buyers to purchase this added insurance plan. That policy is Private Mortgage Insurance, or PMI. More often than not, this added payment is bundled into the monthly mortgage payment and is quickly forgotten. PMI becomes unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - falls below the 80% level, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was invoked by the United States Congress requiring lenders to dismiss the PMI payments when the loan-to-value ratio conditions have been met.
A & B Tax Service will provide you with a statement regarding the value of your home, and the expense of the home valuation can generally be recovered in little time because you'll no longer be paying the PMI.
Get your appraisal from A & B Tax ServiceOrder today
Settle a divorce with fewer hang-ups
A divorce can be an especially traumatic experience for both parties, and it is often further complicated by the challenging decision of who gets the property. It's a good idea to get an appraisal from A & B Tax Service so both parties are completely aware of the true market value of their property, regardless of the situation.
If the parties need 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.
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 real estate involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the fullest degree of discretion.
Unlike wealthy individuals, most Americans do not have dedicated estate planners or executors to manage these affairs. And seeing that a home or other property often makes up an uneven share of the total estate value, knowing the true worth of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've received a fair deal.
Move to or from Racine County for work
We are aware of the stress involved with an employee relocation. That being said, we take great care in setting up an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive attributes of their property, as well as information regarding any recent sales or listings in their neighborhood that they want considered during our detailed inspection.
Sell your home quickly — for an accurate price
Whether you decide to sell your home on your own or use the assistance of a real estate agent, a professional appraisal can help you make a better educated decision regarding your selling price. Apart from 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 depend on our efforts to complete the appraisal report.
On a daily basis, we analyze the difference in value items like an additional bathroom or a kitchen remodel can make. Obtaining a professional appraisal is a trusted 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, because we're experts in knowing how long homes are one the market.