Reasons to choose an appraisal from A & B Tax Service

Thousands of people in Wisconsin buy, sell or refinance their home each month. Most of these transactions involve a simple line item for an appraisal. While there are a developing number of automated home valuation methods that might seem more prudent than an appraisal, practically all lenders still call in a local expert because the stakes are so high. You might think that obtaining a mortgage is the only basis for getting an appraisal, but there are other times when the services of a certified, independent real estate professional could come in handy.

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Appeal your tax assessment

It's probable you're paying too much in property taxes if you reside in an area where property values have depreciated. Ad Valorem taxes are based upon a past assessment of your house, so if prices have declined in your area, you can appeal your assessment and save money. When building your case, an appraisal from us is your best evidence. At A & B Tax Service, we're capable of assisting you in challenging your tax assessment.

PMI removal to reduce your mortgage payment

Private Mortgage Insurance, or PMI, is an added insurance plan that nearly all lenders ask homeowners to buy when the amount being loaned to the buyer is more than 80% of the actual value of the property. Oftentimes, this extra payment is bundled into the monthly mortgage payment and is soon forgotten. PMI isn't required when the remaining balance of the loan - whether through market appreciation or principal pay down - goes 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 eliminate the PMI installments when the loan-to-value ratio conditions have been met.

A & B Tax Service can give you a statement regarding the value of your home, and the expense of the home valuation can generally be recovered in just a few months because you'll no longer be paying the PMI.

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Settle a divorce with less stress

A divorce can be an especially horrible ordeal for both parties, and it is often more complicated by the burdensome decision of who maintains the house. Regardless of the situation, it's a good idea to get an appraisal from A & B Tax Service so both parties are fully aware of the true market value of their home.

The parties will have a clearer picture of what price to set, if they want to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.

Ascertain an accurate and fair valuation for estate liquidation

Losing 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, guaranteeing the utmost degree of discretion.

Unlike wealthier individuals, most Americans do not have dedicated estate planners or executors to take care of these issues. A home or other property often makes up an unequal share of the total estate value, so understanding the true value of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've received a fair deal.

Move to or from Racine County for work

Employee relocation can be a stressful event, and we understand. That's why we take great care in organizing an accommodating appointment time for the appraisal inspection. During our thorough inspection, we encourage relocating employees to provide input 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 an accurate price

A professional appraisal will help you make a better educated decision regarding your selling price, whether you choose 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 a percentage of the sales price, but rather they are based on our efforts to finish the appraisal report.

We examine the difference in value items 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, seeking a professional appraisal is a trusted way to decide 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.

Let A & B Tax Service assist you in selling your home quickly at the right price