Why you should order an appraisal from Mitchell Real Estate AppraisalsEvery year, thousands of people in South Carolina purchase, sell or refinance their home. Most of these transactions contain a simple line item for an appraisal. Even though there are a growing number of automated home valuation methods that may appear more prudent than an appraisal, most lenders still call in a local expert because the stakes are so high. But is getting a mortgage the only reason to get an appraisal? Are there also cases when the services of a licensed, independent real estate professional might come in handy? You bet.
Dispute your tax assessment in Richland CountyIf you live in an area where the value of property has declined, it's possible you're paying too much in property taxes. When building your case, an appraisal from Mitchell Real Estate Appraisals is your best evidence. We're qualified to assist you in appealing your tax assessment.
How can you do away with PMI to lower your mortgage payment?Private Mortgage Insurance, or PMI, is an added insurance plan that almost all lenders ask home owners to purchase when the amount being loaned to the home buyer is more than 80% of the actual value of the home. Seeing that additional payment is usually bundled into the monthly mortgage payment, it is often forgotten. This is bad because PMI isn't required when the remainder of the loan - whether through market appreciation or principal pay down - dips below the 80% mark. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to dismiss the PMI installments when the loan-to-value ratio conditions have been met.
If you'd like to do away with PMI, Mitchell Real Estate Appraisals will give you a statement regarding the value of your home. The expense of the home valuation can often be recovered in just a few months because you'll no longer be paying the PMI.
Settling a divorce with less stressA divorce is a very daunting ordeal for the parties involved, and it is often more complicated by the burdensome decision of who gets the home. It's a good idea to order an appraisal from Mitchell Real Estate Appraisals so both parties are fully aware of the true market value of their house, regardless of the situation.
The parties will have a clearer picture of what price to set, if they want to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.
Fair and accurate estate liquidation with help from Mitchell Real Estate AppraisalsSettling an estateThe loss 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 Market Value for the real estate involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the maximum degree of discretion.
Most Americans don't have dedicated estate planners or executors to manage these affairs, unlike wealthy individuals. And seeing that a home or other property often makes up a disproportionate share of the total estate value, knowing the correct value of the real estate at hand is of significant importance to ensuring disputing parties leave knowing they've received an honest deal.
Relocating to or from Richland CountyWe understand the headaches involved with an employee relocation. We take great care in setting up an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive aspects of their property, as well as information about any current sales or listings in their neighborhood that they want considered during our intensive process.
Don't sell out short or keep your home on the market too long.A professional appraisal can help you make a more informed decision regarding your asking price, whether you choose to sell your home on your own or with the help of a real estate agent. An appraiser has no vested interest in what price the house sells for, which is different than the interest of real estate agents. Our fees are calculated on our efforts to perform the appraisal report and and aren't related to the sales price.
We examine the difference in value items like an additional bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long properties are on the market. So, obtaining 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 for an extended amount of time.