6 Reasons you should order an appraisal from Crescent Appraisal Group, Inc.
To a lot of people, an appraisal is simply another cost in the long list of items for a home purchase or refinance. Most lenders still need a local expert because the stakes are very high, even though there are a growing number of automated home valuation methods that might appear more economical than an appraisal. Is getting a mortgage the only basis for getting an appraisal? Are there also cases when the services of a licensed, independent real estate professional might be helpful? You bet.
Appeal your tax assessment in Jefferson County
It's probable you're paying too much in property taxes if you reside in an area where property values have declined. Ad Valorem taxes are based upon a previous assessment of your home, so if prices have declined in your area, you can appeal your assessment and save money. An appraisal from Crescent Appraisal Group, Inc. is your best evidence when building your case. We can assist you in appealing your tax assessment.
Getting rid of your PMI for mortgage payments
Private Mortgage Insurance, or PMI, is an extra insurance policy that almost all lenders ask homebuyers to purchase when the amount being loaned to the home buyer is more than 80% of the actual value of the real estate. Since the additional payment is usually lumped into the monthly mortgage payment, it is often forgotten. This is unfavorable because PMI becomes unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - dips below the 80% level. In fact, the United States Congress passed 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.
If you'd like to do away with PMI, Crescent Appraisal Group, Inc. will provide you with a statement regarding the value of your home. The price you paid for the home valuation can usually be regained in just a few months because you'll no longer be paying the PMI.
Get your appraisal from Crescent Appraisal Group, Inc.Order online
Settle a divorce with less stress
A divorce is often complicated by the difficult decision of who keeps the home, and it can be a very horrible occurrence for both parties. So both parties are completely aware of the true market value of their house, it's a good idea to get an appraisal from Crescent Appraisal Group, Inc., regardless of the situation.
The parties will have a clearer picture of what price to set, if they wish to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.
Ascertain an accurate and fair valuation for estate liquidation
The death of a loved one is a painful 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, ensuring the fullest degree of discretion.
Most Americans don't have dedicated estate planners or executors to handle these issues, unlike wealthier individuals. 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 Jefferson County for work
Employee relocation can be a stressful event, and we understand. That being said, we take great care in establishing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive attributes of their property, along with information regarding any current sales or listings in their area that they want considered during our detailed inspection.
Close on your home promptly — at an accurate price
Whether you want to sell your home on your own or use the assistance of a real estate agent, a professional appraisal can help you make a better educated decision when determining your asking price. Apart from a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees aren't related to the sales price, but rather they are calculated on our efforts to complete the appraisal report.
On a daily basis, we analyze the difference in value items like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long housesstay on the market. So, getting a professional appraisal is a reliable way to determine 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 an unnecessarily long time.