Let Greater Orlando Appraisal Assoc., Inc. take care of your appraisal needsEvery year, thousands of people in Florida buy, sell or refinance their home. A lot of these transactions include a simple line item for an appraisal. Nearly all lenders still call in a local expert because the stakes are very high, even though there are an increasing number of automated home valuation systems that may appear to be more prudent than an appraisal. Is obtaining a mortgage the only basis for getting an appraisal? Are there additional cases when the services of a licensed, independent real estate professional could be helpful? You bet. Appeal your tax assessmentIf you reside in an area where the property value has declined, it's possible you're paying too much in property taxes. When building your case, an appraisal from us is your best evidence. At Greater Orlando Appraisal Assoc., Inc., we're capable of assisting you in appealing your tax assessment. Getting rid of your PMI for mortgage paymentsPrivate Mortgage Insurance, or PMI, is an added insurance plan that most lenders ask homebuyers to buy when the amount being loaned to the home owner is more than 80% of the actual value of the home. Since the additional payment is usually bundled into the monthly mortgage payment, it is often forgotten. This is bad because PMI isn't necessary when the remaining balance of the loan - whether through market appreciation or principal pay down - dips below the 80% level. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) requiring 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, Greater Orlando Appraisal Assoc., Inc. can give you a statement regarding the value of your home. The cost of the home valuation can generally be offset in a short amount of time because you'll no longer be paying the PMI. Get your appraisal from Greater Orlando Appraisal Assoc., Inc. Order onlineDivorce settlement with fewer hang-upsA divorce is often complicated by the difficult decision of who gets the home, and it can be a particularly traumatic occurrence for both parties. It's a good idea to get an appraisal from Greater Orlando Appraisal Assoc., Inc. so both parties are completely aware of the true market value of their home, 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 assessment. Accurate and fair estate liquidationLosing 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 guarantee the highest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP). Unlike wealthier individuals, most Americans don't have dedicated estate planners or executors to manage these issues. 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 a fair deal. Relocate to or from Orange County through an employee relocation programEmployee 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. During our detailed inspection, we encourage relocating employees to provide input on the positive characteristics of their property, along with information about any recent sales or listings in their neighborhood that they want considered. Sell your home quickly — for an accurate priceA professional appraisal will help you make a better educated decision regarding your asking price, whether you choose to sell your home on your own or with the help of a real estate agent. Apart from a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees aren't a percentage of the sales price, but rather they are calculated on our efforts to finish the appraisal report. On a daily basis, we analyze the difference in value things like an additional bathroom or a kitchen remodel can make. Getting a professional appraisal is a reliable 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. |