Reasons to order an appraisal from Greater Orlando Appraisal Assoc., Inc.Each year, thousands of people in Florida buy, sell or refinance their home. A lot of these transactions contain a simple line item for an appraisal. And even though there are a developing number of automated home valuation processes that may appear to be cheaper than an appraisal, nearly 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 cases when the services of a licensed, independent real estate professional could be helpful? Of course there are. 
Dispute your tax assessmentIt's probable you're paying too much in property taxes if you reside in an area where property values have declined. Ad Valorem 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. When building your case, an appraisal from us is your best evidence. We're qualified to assist you in disputing your tax assessment. Get rid of PMI to lower your mortgage paymentPrivate Mortgage Insurance, or PMI, is an additional insurance policy that almost all lenders ask home owners to purchase when the amount being loaned to the buyer is more than 80% of the actual value of the property. Most often, this additional payment is folded into the monthly mortgage payment and is soon forgotten. PMI becomes unnecessary 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 Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress requiring lenders to remove the PMI payments when the loan-to-value ratio conditions have been met. If you'd like to eliminate PMI, Greater Orlando Appraisal Assoc., Inc. can provide you with a statement regarding the value of your home. The cost of the appraisal can generally be recovered in just a few months because you'll no longer be paying the PMI. Order your appraisal from Greater Orlando Appraisal Assoc., Inc. today Order onlineSettle a divorce with less stressA divorce can be a very horrible event for both parties, and it is often more complicated by the burdensome decision of who gets the home. So both parties are entirely aware of the true market value of their property, it's a good idea to get an appraisal from Greater Orlando Appraisal Assoc., Inc., regardless of the circumstances. The parties will have a better idea 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 evaluation. Determine a fair and accurate valuation for estate liquidationThe death of 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 real estate involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the highest degree of discretion. Unlike wealthy individuals, most Americans don't have dedicated estate planners or executors to take care of these affairs. 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 walk away knowing they've received a fair deal. Move to or from Orange County for workEmployee relocation is a stressful event, and we understand. That being said, we take great care in establishing an accommodating appointment time for the appraisal inspection. During our thorough inspection, we suggest relocating employees to provide input on the positive features of their property, as well as information regarding any new sales or listings in their neighborhood that they want considered. Close on your home quickly — for an accurate priceWhether you decide to sell your home on your own or use the assistance of a real estate agent, a professional appraisal can help you make a more informed decision when determining your asking price. An appraiser has no vested interest in what amount the house sells for, apart from real estate agents. Our fees depend on our efforts to complete 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. Seeking a professional appraisal is a trusted way to determine what improvements will add value and what a suitable 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. 
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