Reasons to choose an appraisal from Appraisals by Kana, LLC

To a lot of people, an appraisal just looks like another cost in the long list of items for a home sale or refinance. And even though there are a budding number of automated home valuation methods that might appear to be more practical than an appraisal, almost all lenders still call in a local expert because the stakes are so high. Is securing a mortgage the only reason to get an appraisal? Are there other times when the services of a certified, independent real estate professional could be helpful? Of course there are.

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Dispute your tax assessment

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 prices have gone down in your neighborhood, you can appeal your assessment and save money. When building your case, an appraisal from us is your best evidence. We're qualified to assist you in challenging your tax assessment.

Getting rid of your PMI for mortgage payments

Private Mortgage Insurance, or PMI, is an added insurance plan that almost all lenders ask buyers to buy when the amount being loaned to the home buyer is more than 80% of the actual value of the home. This added payment is often lumped into the monthly mortgage payment and is promptly forgotten. PMI is no longer required when the remaining balance 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 implemented a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to eliminate the PMI payments when the loan-to-value ratio conditions have been met.

If you'd like to eliminate PMI, Appraisals by Kana, LLC can give you a statement regarding the value of your home. The cost of the home valuation can generally be regained in a short amount of time because you'll no longer be paying the PMI.

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Divorce settlement with fewer hang-ups

A divorce is a particularly daunting event for the parties involved, and it is often even more complicated by the challenging decision of who maintains the home. So both parties are entirely aware of the true market value of their house, it's a good idea to get an appraisal from Appraisals by Kana, LLC, regardless of the circumstances.

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 assessment.

Ascertain a fair and accurate valuation for estate liquidation

Losing a loved one is a painful time in life, and settling an estate from a death, or probate, often entails 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 highest degree of discretion.

Most Americans do not have dedicated estate planners or executors to manage these issues, unlike wealthier individuals. And seeing that a home or other property often makes up an uneven share of the total estate value, understanding the true value of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've gotten an honest deal.

Relocate to or from Lafayette County for work

We are familiar with the stress associated with an employee relocation. That's why we take great care in establishing a convenient appointment time for the appraisal inspection. During our thorough inspection, we recommend relocating employees to provide remarks on the positive aspects of their property, as well as information about any new sales or listings in their neighborhood that they want considered.

Sell your home promptly — at the right price

Whether you decide to sell your home on your own or with the help of a real estate agent, a professional appraisal will help you make a more informed decision regarding your asking price. Unlike a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees rest on our efforts to finish the appraisal report and not a percentage of the sales price.

On a daily basis, we examine the difference in value items like an extra bathroom or a kitchen remodel can make. Obtaining a professional appraisal is a trusted way to determine 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 an unnecessarily long time, because we're experts in knowing how long properties stay on the market.

Let Appraisals by Kana, LLC help you sell your home quickly at the right price