Reasons to get an appraisal

To a lot of us, an appraisal is simply a line item in the long list of items for a home purchase or refinance. Even though there are a growing number of automated home valuation processes that may appear cheaper than an appraisal, the majority of lenders still call for a local expert because the stakes are incredibly high. Is securing a mortgage the only reason you should get an appraisal? Are there also situations when the services of a licensed, independent real estate professional could come in handy? Of course there are.

Let A & B Tax Service help you lower your mortgage payment

Contest your tax assessment in Racine County

It's possible you're paying too much in property taxes if you live in an area where property values have declined. Property taxes are determined by a previous assessment of your house, so if prices have gone down in your area, you can challenge your assessment and save money. An appraisal from A & B Tax Service is your best evidence when building your case. We can assist you in challenging your tax assessment.

Eliminate PMI to lower your mortgage payment

When the amount being loaned to the home buyeris more than 80% of the actual value of the real estate, nearly all lenders ask homeowners to purchase this extra insurance policy. That policy is Private Mortgage Insurance, or PMI. Since the added payment is usually bundled into the monthly mortgage payment, it is often forgotten. This is damaging because PMI is unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - dips below the 80% mark. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to do away with the PMI installments when the loan-to-value ratio conditions have been met.

If you'd like to get rid of PMI, A & B Tax Service can produce a statement regarding the value of your home. The cost of the home valuation can generally be regained in a short amount of time because you'll no longer be paying the PMI.

Get your appraisal from A & B Tax Service

Order online

Get a clear valuation on a home take make a divorce settlement less stressful

A divorce is an especially daunting experience for the parties involved, and it is often more complicated by the hard decision of who gets the property. Regardless of the situation, it's a good idea to get 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 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 assessment.

Determine an accurate and fair valuation for estate liquidation

The loss 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. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the fullest degree of discretion.

Unlike wealthier individuals, most Americans do not have dedicated estate planners or executors to handle these matters. 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 significant importance to ensuring disputing parties leave knowing they've gotten a fair deal.

Move to or from Racine County for work

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

Close on your home promptly — at an accurate price

A professional appraisal will help you make a better educated decision regarding your selling price, whether you want 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 related to the sales price, but rather they rest on our efforts to complete the appraisal report.

On a daily basis, we analyze the difference in value things like an additional bathroom or a kitchen remodel can make. Getting a professional appraisal is a trusted way to decide 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, because we're experts in knowing how long properties stay on the market.

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