Reasons to order an appraisal from Elite Appraisals

To many, an appraisal is simply one more thing on the break-sheet for a home sale or refinance. Almost all lenders still call for a local expert because the stakes are very high, even though there are an increasing number of automated home valuation methods that may seem less expensive than an appraisal. You might assume that getting a mortgage is the only basis for getting an appraisal, but there are more instances when the services of a certified, independent real estate professional could be helpful.


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Let Elite Appraisals help you dispute your tax assessment in Franklin County

If you reside in an area where the value of property has depreciated, it's possible you're paying too much in property taxes. When building your case, an appraisal from Elite Appraisals is your best evidence. At Elite Appraisals, we're qualified to assist you in challenging your tax assessment.

Elite Appraisals can help you eliminate PMI to lower your mortgage payment

Private Mortgage Insurance, or PMI, is an additional insurance policy that many lenders ask homeowners to purchase when the amount being loaned to the homebuyer is more than 80% of the actual value of the home. Seeing that additional payment is usually lumped into the monthly mortgage payment, it is often forgotten. This is unfortunate because PMI is no longer required when the remainder of the loan - whether through market appreciation or principal pay down - goes below the 80% level. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to eliminate the PMI installments when the loan-to-value ratio conditions have been met.

If you'd like to eliminate PMI, Elite Appraisals will produce a statement regarding the value of your home. The cost of the appraisal can generally be regained in just a few months because you'll no longer be paying the PMI.

An appraisal from Elite Appraisals will help you settle a divorce with less stress

A divorce can be an especially daunting experience for both parties, and it is often further complicated by the burdensome decision of who gets the house. So both parties are completely aware of the true market value of their house, it's a good idea to order an appraisal from Elite Appraisals, regardless of the situation.

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

Trustworthy estate liquidation

The death 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 Market Value for the real estate involved. We guarantee the highest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).

Most Americans do not have dedicated estate planners or executors to take care of these matters, unlike many wealthy individuals. A home or other property often makes up a disproportionate share of the total estate value, so knowing the true value of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've gotten a fair deal.

Relocating to or from Franklin County

Employee relocation can be a real pain. We know where you're coming from! That being said, we take great care in organizing an accommodating appointment time for the appraisal inspection. During our thorough process, we recommend employees that are moving 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.

Don't sell out for too little or keep your home on the market too long.

A professional appraisal will help you make a more informed 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. Separate from a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees are derived from our efforts to complete the appraisal report and and aren't related to the sales price.

On a daily basis, we examine the difference in value things like an additional bathroom or a kitchen remodel can make. And we're experts in knowing how long homes stay on the market. So, getting a professional appraisal is a reliable way to decide what improvements will add value and what an applicable 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.