Reasons to order an appraisal from Phoenix Valuations, LLC

Year after year, thousands of people in Arizona purchase, sell or refinance their home. Many of these transactions contain a simple line item for an appraisal. Most lenders still need a local expert because the stakes are incredibly high, even though there are a developing number of automated home valuation processes that may appear to be cheaper than an appraisal. You might think that getting a mortgage is the only reason to acquire an appraisal, but there are other times when the services of a licensed, independent real estate professional might be helpful.

Let Phoenix Valuations, LLC assist you in lowering your mortgage payment

Contest your tax assessment in Maricopa County

It's probable you're paying too much in property taxes if you reside in an area where property values have depreciated. Property taxes are determined by a previous assessment of your real estate, so if values have gone down in your neighborhood, you can appeal your assessment and save money. An appraisal from Phoenix Valuations, LLC is your best evidence when building your case. We're equipped to assist you in disputing your tax assessment.

Getting rid of your PMI for mortgage payments

When the amount being loaned to the homeowneris more than 80% of the actual value of the real estate, most lenders ask home owners to purchase this added insurance policy. That policy is Private Mortgage Insurance, or PMI. Since the additional payment is usually folded into the monthly mortgage payment, it is often forgotten. This is damaging because PMI isn't necessary when the remainder 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 implemented by the United States Congress requiring lenders to do away with the PMI installments when the loan-to-value ratio conditions have been met.

Phoenix Valuations, LLC will produce a statement regarding the value of your home, and 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.

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Settle a divorce with fewer hang-ups

A divorce is often complicated by the troublesome decision of who keeps the home, and it can be an especially horrible occurrence for both parties. It's a good idea to get an appraisal from Phoenix Valuations, LLC so both parties are completely aware of the true market value of their property, regardless of the circumstances.

If the parties need to sell the home, they'll have a clearer picture of what price to set. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.

Fair and accurate estate liquidation

The death of a loved one is a hard time in life, and settling an estate from a death, or probate, often calls for an appraisal to establish Fair Market Value for the real estate involved. We guarantee the maximum 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 don't have dedicated estate planners or executors to manage these affairs. A home or other property often makes up an uneven share of the total estate value, so understanding the true worth of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've gotten an honest deal.

Relocate to or from Maricopa County for work

We are aware of the stress associated with an employee relocation. That's why we take great care in setting up an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive features of their property, as well as information about any new sales or listings in their area that they want considered during our thorough inspection.

Sell your home quickly — for the right price

A professional appraisal can help you make a better educated decision when determining your selling price, whether you choose 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 amount the house sells for. Our fees rest on our efforts to complete the appraisal report and and aren't related to the sales price.

On a daily basis, we analyze the difference in value things like an extra bathroom or a kitchen remodel can make. Obtaining 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 an unnecessarily long time, because we're experts in knowing how long houses are one the market.

Let Phoenix Valuations, LLC assist you in selling your home quickly at the right price