Why you should get an appraisal
Thousands of people in Louisiana buy, sell or refinance their home every year. A lot of these transactions have a simple line item for an appraisal. While there are a budding number of automated home valuation systems that may appear to be cheaper than an appraisal, the majority of lenders still call in a local expert because the stakes are very high. You might assume that getting a mortgage is the only basis for getting an appraisal, but there are other times when the services of a licensed, independent real estate professional might be beneficial.
Appeal your tax assessment in Lafayette County
It's quite possible 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 challenge your assessment and save money. An appraisal from Appraisals by Kana, LLC is your best evidence when building your case. At Appraisals by Kana, LLC, we're capable of assisting you in challenging your tax assessment.
Get rid of PMI to lower your mortgage payment
When the amount being loaned to the homebuyeris more than 80% of the actual value of the home, many lenders ask homebuyers to buy this supplemental insurance policy. That policy is Private Mortgage Insurance, or PMI. Oftentimes, this added payment is lumped into the monthly mortgage payment and is soon forgotten. PMI isn't required when the leftover balance of the loan - whether through market appreciation or principal pay down - goes below the 80% level, making this very unfortunate. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to dismiss the PMI installments when the loan-to-value ratio conditions have been met.
If you'd like to eliminate PMI, Appraisals by Kana, LLC can produce a statement regarding the value of your home. The price you paid for the appraisal can often be offset in a short amount of time because you'll no longer be paying the PMI.
Order an appraisal from Appraisals by Kana, LLCOrder today
Divorce settlement with less stress
A divorce is often complicated by the burdensome decision of who keeps the home, and it can be a very traumatic event for both parties. So both parties are entirely aware of the true market value of their property, it's a good idea to order an appraisal from Appraisals by Kana, LLC, regardless of the circumstances.
The parties will have a clearer picture of what price to set, if they want to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.
Accurate and fair estate liquidation
The loss of a loved one is a hard time in life, and settling an estate from a death, or probate, often calls for an appraisal to establish Fair Market Value for the real estate involved. We ensure the utmost degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Unlike many wealthy individuals, most Americans do not have dedicated estate planners or executors to handle these affairs. And since a home or other property often makes up an unequal share of the total estate value, understanding the true worth of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've received an honest deal.
Relocate to or from Lafayette County for work
We know the stress involved with an employee relocation. That's why we take great care in establishing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive aspects of their property, as well as information about any recent sales or listings in their neighborhood that they want considered during our intensive inspection.
Sell your home quickly — for an accurate price
A professional appraisal can help you make a better educated decision when determining your selling price, whether you want to sell your home on your own or with the help of a real estate agent. An appraiser has no vested interest in what amount the house sells for, unlike real estate agents. Our fees aren't related to the sales price, but rather they rest on our efforts to finish the appraisal report.
We determine the difference in value items like an additional bathroom or a kitchen remodel can make on a daily basis. Seeking a professional appraisal is a trusted 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 an unnecessarily long time, because we're experts in knowing how long homes stay on the market.