Let ASAP Appraisal Services, Inc. attend to your appraisal needs
Each year, thousands of people in Arizona purchase, sell or refinance their home. Many of these transactions have a simple line item for an appraisal. Almost all lenders still call for a local expert because the stakes are incredibly high, even though there are a growing number of automated home valuation methods that might appear to be cheaper than an appraisal. You might assume that obtaining a mortgage is the only reason you should get an appraisal, but there are other instances when the services of a licensed, independent real estate professional could be beneficial.
Contest your tax assessment in Maricopa County
If you reside in an area where the property value has depreciated, it's possible you're paying too much in property taxes. When building your case, an appraisal from us is your best evidence. At ASAP Appraisal Services, Inc., we're equipped to assist you in appealing your tax assessment.
Remove PMI to lower your mortgage payment
Private Mortgage Insurance, or PMI, is a supplemental insurance plan that most lenders ask buyers to buy when the amount being loaned to the home buyer is more than 80% of the actual value of the home. Seeing that added payment is usually folded into the monthly mortgage payment, it is often forgotten. PMI is no longer required when the leftover balance of the loan - whether through market appreciation or principal pay down - falls below the 80% mark, making this very unfortunate. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress that requires lenders to eliminate the PMI installments when the loan-to-value ratio conditions have been met.
ASAP Appraisal Services, Inc. will give you a statement regarding the value of your home, and the price you paid for the home valuation can usually be offset in just a few months because you'll no longer be paying the PMI.
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Divorce settlement with fewer hang-ups
A divorce is an especially horrible ordeal for the parties involved, and it is often further complicated by the hard decision of who gets the home. It's a good idea to get an appraisal from ASAP Appraisal Services, Inc. so both parties are entirely aware of the true market value of their property, regardless of the circumstances.
The parties will have a better idea 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.
Ascertain a fair and accurate 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. We ensure the fullest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Unlike wealthier individuals, most Americans do not have dedicated estate planners or executors to handle these issues. And since a home or other property often makes up a disproportionate share of the total estate value, knowing the true value of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've received a fair deal.
Relocate to or from Maricopa County for work
Employee relocation can be a stressful event, and we understand. That being said, we take great care in establishing 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 inspection.
Close on your home promptly — at an accurate price
A professional appraisal can help you make a more informed decision when determining your asking price, whether you decide to sell your home on your own or with the help of a real estate agent. Unlike 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 are calculated on our efforts to complete the appraisal report.
On a daily basis, we determine the difference in value items like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long homesstay on the market. So, seeking a professional appraisal is a trusted 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 an unnecessarily long time.