Getting an appraisal from South Eastern Appraisal, Inc.Each year, thousands of people in Kentucky purchase, sell or refinance their home. A lot of these transactions involve a simple line item for an appraisal. And while there are a budding number of automated home valuation systems that might seem less expensive than an appraisal, the majority of lenders still want a local expert because the stakes are very high. But is getting a mortgage the only reason to get an appraisal? Are there more situations when the services of a licensed, independent real estate professional might be beneficial? Absolutely.
Let South Eastern Appraisal, Inc. help you challenge your tax assessment in Pulaski CountyIt's probable you're paying too much in property taxes if you live in an area where property values have depreciated. Property taxes are based upon a past assessment of your home, so if prices have declined in your area, you can challenge your assessment and save money. When building your case, an appraisal from South Eastern Appraisal, Inc. is your best evidence. At South Eastern Appraisal, Inc.,we can assist you in challenging your tax assessment.
PMI removal will lower your mortgage paymentWhen the amount being loaned to the homeowner is more than 80% of the actual value of the property, most lenders ask buyers to take out an additional insurance policy. That policy is Private Mortgage Insurance, or PMI. Since the extra payment is usually bundled into the monthly mortgage payment, it is often forgotten. PMI isn't necessary when the remainder of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark, making this very unfortunate. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress that requires lenders to dismiss the PMI installments when the balance is paid down to 78% of the original value.
South Eastern Appraisal, Inc. can give you a statement regarding the value of your home, and the expense of the appraisal can usually be regained in a short amount of time because you'll no longer be paying the PMI.
Settling a divorce with less stress with an appraisal from South Eastern Appraisal, Inc.A divorce is often complicated by the strenuous decision of who keeps the home, and it can be an especially heartbreaking occurrence for both parties. It's a good idea to order an appraisal from South Eastern Appraisal, Inc. so both parties are completely aware of the true market value of their home, regardless of the circumstances.
The parties will have a good 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 received a fair assessment.
Settling an estate with peace of mindThe death of a loved one is a hard time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Market Value for the real estate involved. We ensure the highest 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 wealthy individuals. A home or other property often makes up an unequal share of the total estate value, so knowing the true value of the real estate at hand is of significant importance to ensuring disputing parties leave knowing they've gotten a fair deal.
Let South Eastern Appraisal, Inc. assist you in relocating to or from Pulaski CountyWe are familiar with the headaches associated with an employee relocation. 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 aspects of their property, as well as information regarding any new sales or listings in their area that they want considered during our detailed process.
Sell your home quickly at the right priceWhether you choose to sell your home on your own or use the assistance of a real estate agent, a professional appraisal can help you make a more informed decision regarding your asking price. With much different interests than a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees are calculated on our efforts to finish the appraisal report and not a percentage of the sales price.
We determine 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 houses stay on the market. So, getting 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 too long, costing you time and money.