Let Phoenix Valuations, LLC attend to your appraisal needs
To a lot of people, an appraisal just looks like one more thing in the long list of items for a home purchase or refinance. The majority of lenders still need a local expert because the stakes are so high, even though there are a multiplying number of automated home valuation processes that may appear less expensive than an appraisal. Is getting a mortgage the only basis for getting an appraisal? Are there additional situations when the services of a certified, independent real estate professional could come in handy? Of course there are.
Appeal your tax assessment
If you are in an area where property values have declined, it's possible you're paying too much in property taxes. An appraisal from Phoenix Valuations, LLC is your best evidence when building your case. We're qualified to assist you in appealing your tax assessment.
Eliminating PMI for mortgage payments
Private Mortgage Insurance, or PMI, is an additional insurance policy that many lenders ask home owners to purchase when the amount being loaned to the buyer is more than 80% of the actual value of the home. More often than not, this added payment is lumped into the monthly mortgage payment and is soon forgotten. PMI is no longer required when the remainder of the loan - whether through market appreciation or principal pay down - goes below the 80% level, making this very unfavorable. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to do away with the PMI payments when the loan-to-value ratio conditions have been met.
Phoenix Valuations, LLC will provide you with a statement regarding the value of your home, and the price you paid for the home valuation can often be regained in little time because you'll no longer be paying the PMI.
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Settle a divorce with less stress
A divorce is often complicated by the hard decision of who keeps the property, and it can be an especially horrible experience for both parties. It's a good idea to order an appraisal from Phoenix Valuations, LLC so both parties are completely aware of the true market value of their property, regardless of the situation.
If the parties need to sell the home, they'll have a a good idea of what price to set. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.
Determine a fair and accurate valuation for estate liquidation
The loss of a loved one is a difficult 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, guaranteeing the highest degree of discretion.
Most Americans do not have dedicated estate planners or executors to manage these matters, unlike wealthy individuals. And since a home or other property often makes up an unequal share of the total estate value, understanding the true value of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've gotten a fair deal.
Relocate to or from Maricopa County for work
We are aware of the stress associated with an employee relocation. That being said, we take great care in setting up an accommodating appointment time for the appraisal inspection. During our thorough inspection, we encourage relocating employees to provide input on the positive characteristics of their property, along with information regarding any current sales or listings in their area that they want considered.
Sell your home promptly — for an accurate price
Whether you want to sell your home on your own or with the help of a real estate agent, a professional appraisal can help you make a better educated decision when determining your selling price. Unlike a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees aren't related to the sales price, but rather they are based on our efforts to complete the appraisal report.
On a daily basis, we analyze the difference in value items like an additional bathroom or a kitchen remodel can make. Seeking 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 homes are one the market.