Reasons to order an appraisal from Greater Orlando Appraisal Assoc., Inc.Thousands of people in Florida purchase, sell or refinance their home every year. A lot of these transactions involve a simple line item for an appraisal. While there are a growing number of automated home valuation processes that may appear more practical than an appraisal, the majority of lenders still need a local expert because the stakes are very high. You might think that securing a mortgage is the only basis for getting an appraisal, but there are more times when the services of a certified, independent real estate professional could be helpful. 
Appeal your tax assessmentIt's quite possible you're paying too much in property taxes if you reside in an area where property values have depreciated. Ad Valorem taxes are determined by a previous assessment of your house, so if prices have gone down in your area, you can challenge your assessment and save money. When building your case, an appraisal from us is your best evidence. We're qualified to assist you in challenging your tax assessment. PMI removal to reduce your mortgage paymentWhen the amount being loaned to the homebuyeris more than 80% of the actual value of the real estate, almost all lenders ask homebuyers to buy this added insurance policy. That policy is Private Mortgage Insurance, or PMI. This extra payment is often folded into the monthly mortgage payment and is promptly forgotten. This is unfortunate because PMI is unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - dips below the 80% level. In fact, the Homeowners Protection Act (HPA) of 1998 was invoked by the United States Congress requiring lenders to do away with the PMI installments 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 offset in little time because you'll no longer be paying the PMI. Order your appraisal from Greater Orlando Appraisal Assoc., Inc. today Order onlineGet a fair valuation on a home take make a divorce settlement less stressfulA divorce is a very traumatic event for the parties involved, and it is often further complicated by the challenging decision of who gets the property. So both parties are fully aware of the true market value of their house, it's a good idea to order an appraisal from Greater Orlando Appraisal Assoc., Inc., regardless of the circumstances. The parties will have a a good idea 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 received a fair assessment. Accurate and fair estate liquidationThe death 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. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the utmost degree of discretion. Most Americans do not have dedicated estate planners or executors to handle these matters, unlike many wealthy individuals. 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 gotten a fair deal. Move to or from Orange County through an employee relocation programEmployee relocation is a stressful event, and we understand. That being said, we take great care in organizing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive aspects of their property, along with information regarding any recent sales or listings in their area that they want considered during our intensive inspection. Close on your home promptly — at the right priceA professional appraisal can help you make a more informed decision regarding your selling price, whether you want to sell your home on your own or use the assistance of a real estate agent. An appraiser has no vested interest in what price the house sells for, apart from real estate agents. Our fees aren't a percentage of the sales price, but rather they rest on our efforts to complete the appraisal report. We determine the difference in value items 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, seeking a professional appraisal is a reliable 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. 
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