Let Phoenix Valuations, LLC handle your appraisal needs
Thousands of people in Arizona purchase, sell or refinance their home each month. Many of these transactions contain a simple line item for an appraisal. Almost all lenders still call for a local expert because the stakes are very high, even though there are a growing number of automated home valuation systems that might appear to be cheaper than an appraisal. Is obtaining a mortgage the only reason to get an appraisal? Are there other instances when the services of a certified, independent real estate professional might come in handy? Of course there are.
Challenge your tax assessment in Maricopa County
It's likely you're paying too much in property taxes if you reside in an area where property values have declined. Property taxes are based upon a past assessment of your house, so if values have declined 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 can assist you in challenging your tax assessment.
Get rid of PMI to lower your mortgage payment
When the amount being loaned to the home buyeris more than 80% of the actual value of the property, many lenders ask homeowners to buy this supplemental insurance plan. That policy is Private Mortgage Insurance, or PMI. Seeing that extra payment is usually bundled into the monthly mortgage payment, it is often forgotten. PMI isn't necessary when the remaining balance of the loan - whether through market appreciation or principal pay down - falls below the 80% mark, making this very unfortunate. In fact, the United States Congress implemented 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.
Phoenix Valuations, LLC can produce a statement regarding the value of your home, and the cost of the appraisal can usually be recovered in just a few months 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 maintains the home, and it can be a particularly traumatic experience for both parties. It's a good idea to order an appraisal from Phoenix Valuations, LLC so both parties are fully aware of the true market value of their home, regardless of the situation.
If the parties wish 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 gotten a fair assessment.
Accurate and fair estate liquidation
The loss of 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 real estate involved. We ensure 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 many wealthy individuals, most Americans don't have dedicated estate planners or executors to manage these affairs. A home or other property often makes up a disproportionate share of the total estate value, so understanding the true worth of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've received an honest deal.
Move to or from Maricopa County for work
Employee relocation is a stressful event, and we understand. That being said, we take great care in establishing an accommodating appointment time for the appraisal inspection. During our detailed inspection, we suggest relocating employees to provide feedback on the positive attributes of their property, as well as information regarding any current sales or listings in their area that they want considered.
Sell your home promptly — for the right price
A professional appraisal will help you make a more informed decision regarding your asking price, whether you want to sell your home on your own or use the assistance of a real estate agent. An appraiser has no vested interest in what amount the house sells for, unlike real estate agents. Our fees are based on our efforts to finish the appraisal report and and aren't related to the sales price.
We determine the difference in value items like an additional bathroom or a kitchen remodel can make on a daily basis. 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 houses are one the market.