Reasons to consider an appraisal from A & B Tax Service

To many, an appraisal just looks like a line item on the settlement sheet for a home purchase or refinance. And while there are a developing number of automated home valuation methods that may appear more cost-effective than an appraisal, most lenders still call for a local expert because the stakes are incredibly high. Is securing a mortgage the only basis for getting an appraisal? Are there more instances when the services of a licensed, independent real estate professional could be beneficial? Of course there are.

Let A & B Tax Service assist you in lowering your mortgage payment

Challenge your tax assessment in Racine County

It's quite possible you're paying too much in property taxes if you reside in an area where property values have declined. Property taxes are based upon a past assessment of your house, so if prices are less than what they used to be in your neighborhood, you can appeal your assessment and save money. An appraisal from A & B Tax Service is your best evidence when building your case. We're qualified to assist you in disputing your tax assessment.

Get rid of PMI to lower your mortgage payment

Private Mortgage Insurance, or PMI, is an added insurance policy that many lenders ask home buyers to purchase when the amount being loaned to the buyer is more than 80% of the actual value of the property. Since the extra payment is usually bundled into the monthly mortgage payment, it is often forgotten. This is bad because PMI is unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - goes below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was invoked by the United States Congress that requires lenders to dismiss the PMI installments when the loan-to-value ratio conditions have been met.

If you'd like to do away with PMI, A & B Tax Service can give you a statement regarding the value of your home. The expense of the appraisal can often be offset in little time because you'll no longer be paying the PMI.

Get your appraisal from A & B Tax Service

Order today

Settle a divorce with fewer hang-ups

A divorce is a very horrible experience for the parties involved, and it is often further complicated by the challenging decision of who maintains the property. Regardless of the circumstances, it's a good idea to order an appraisal from A & B Tax Service so both parties are entirely aware of the true market value of their home.

The parties will have a better idea of what price to set, if they wish to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair assessment.

Fair and accurate estate liquidation

The death of a loved one is a painful time in life, and settling an estate from a death, or probate, often calls for an appraisal to establish Fair Market Value for the residential property involved. We ensure the utmost 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 handle these issues, unlike wealthier individuals. A home or other property often makes up an uneven share of the total estate value, so knowing the true worth of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've gotten an honest deal.

Move to or from Racine County for work

Employee relocation can be a stressful event, and we understand. That being said, we take great care in organizing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive features of their property, along with information regarding any new sales or listings in their area that they want considered during our detailed inspection.

Sell your home promptly — at an accurate 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 use the assistance of a real estate agent. An appraiser has no vested interest in what price the house sells for, apart from real estate agents. Our fees aren't related to the sales price, but rather they are based on our efforts to complete the appraisal report.

We analyze the difference in value items like an additional bathroom or a kitchen remodel can make on a daily basis. 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, because we're experts in knowing how long homes are one the market.

Let A & B Tax Service help you sell your home quickly at the right price