There are lots of reasons the public calls on East Central Appraisals LLCTo many, an appraisal just looks like a line item on the settlement sheet for a home purchase or refinance. While there are an increasing number of automated home valuation methods that might seem more practical than an appraisal, almost all lenders still need a local expert because the stakes are incredibly high. You might believe that securing a mortgage is the only reason to get an appraisal, but there are additional times when the services of a licensed, independent real estate professional could be beneficial.
Appeal your tax assessment in Seminole CountyIf you reside in an area where property values have declined, it's possible you're paying too much in property taxes. When building your case, an appraisal from East Central Appraisals LLC is your best evidence. At East Central Appraisals LLC,we can assist you in appealing your tax assessment.
Removing PMI will lower your mortgage paymentPrivate Mortgage Insurance, or PMI, is an additional insurance policy that nearly all lenders ask homeowners to buy when the amount being loaned to the home buyer is more than 80% of the actual value of the property. Oftentimes, this extra payment is folded into the monthly mortgage payment and is promptly forgotten. PMI isn't required when the remainder 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 approved by the United States Congress that requires lenders to do away with the PMI payments when the balance is paid down to 78% of the original value.
If you'd like to get rid of PMI, East Central Appraisals LLC will produce a statement regarding the value of your home. The cost of the appraisal can generally be offset in a short amount of time because you'll no longer be paying the PMI.
Divorce settlement with less stressA divorce is often complicated by the troublesome decision of who maintains the house, and it can be a particularly traumatic experience for both parties. It's a good idea to order an appraisal from East Central Appraisals LLC so both parties are completely aware of the true market value of their house, regardless of the circumstances.
If the parties want to sell the home, they'll have a better idea of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation.
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 residential property involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the utmost degree of discretion.
Most Americans don't have dedicated estate planners or executors to manage these affairs, unlike many wealthy individuals. And seeing that a home or other property often makes up an unequal share of the total estate value, understanding the precise value of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've gotten a fair deal.
Let East Central Appraisals LLC assist you in relocating to or from Seminole CountyEmployee relocation is a stressful event, and we understand. We take great care in organizing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive attributes of their property, along with information regarding any new sales or listings in their area that they want considered during our intensive process.
Selling your home quickly at the right priceA professional appraisal can help you make a better educated decision regarding your selling price, whether you decide to sell your home on your own or with the help of a real estate agent. Separate from a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees are based on our efforts to perform the appraisal report and and aren't related to the sales price.
We analyze the difference in value items like an additional bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long properties stay on the market. So, obtaining a professional appraisal is a reliable way to decide what improvements will add value and what an appropriate 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.