Reasons to order an appraisal from Appraisals by Kana, LLC
To a lot of us, an appraisal just looks like another fee on the settlement sheet for a mortgage or refinance. And while there are a budding number of automated home valuation systems that might appear cheaper than an appraisal, nearly all lenders still call in a local expert because the stakes are very high. Is securing a mortgage the only reason to get an appraisal? Are there also cases when the services of a certified, independent real estate professional might be helpful? You bet there are.
Challenge your tax assessment
It's likely you're paying too much in property taxes if you live in an area where property values have declined. Property taxes are based upon a previous assessment of your house, so if prices have gone down in your area, you can appeal your assessment and save money. An appraisal from Appraisals by Kana, LLC is your best evidence when building your case. We can assist you in challenging your tax assessment.
Getting rid of your PMI for mortgage payments
Private Mortgage Insurance, or PMI, is an extra insurance plan that almost all lenders ask home buyers to buy when the amount being loaned to the home owner is more than 80% of the actual value of the home. Most often, this added payment is folded into the monthly mortgage payment and is promptly forgotten. PMI is unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark, making this very unfavorable. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to remove the PMI installments when the loan-to-value ratio conditions have been met.
Appraisals by Kana, LLC can produce a statement regarding the value of your home, and the expense of the home valuation can generally be offset in little time because you'll no longer be paying the PMI.
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Divorce settlement with fewer hang-ups
A divorce can be an especially horrible ordeal for both parties, and it is often further complicated by the hard decision of who maintains the property. So both parties are completely aware of the true market value of their house, it's a good idea to order an appraisal from Appraisals by Kana, LLC, regardless of the situation.
If the parties need to sell the home, they'll have a clearer picture of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation.
Fair and accurate estate liquidation
The death of a loved one is a difficult time in life, and settling an estate from a death, or probate, often requires 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, guaranteeing the fullest degree of discretion.
Unlike wealthier individuals, most Americans do not have dedicated estate planners or executors to take care of these matters. A home or other property often makes up an unequal share of the total estate value, so 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 through an employee relocation program
Employee relocation can be a stressful event, and we understand. That being said, we take great care in organizing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive attributes of their property, as well as information regarding any new sales or listings in their area that they want considered during our intensive inspection.
Close on your home quickly — for an accurate price
A professional appraisal will help you make a better educated decision regarding your selling price, whether you want to sell your home on your own or with the help of a real estate agent. Unlike a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees rest on our efforts to finish the appraisal report and not a percentage of the sales price.
We determine the difference in value things like an extra bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long propertiesare on the market. So, getting a professional appraisal is a trusted 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.