Reasons to choose an appraisal from Shamrock Appraisals, Inc.

Thousands of people in Alabama buy, sell or refinance their home each month. Most of these transactions contain a simple line item for an appraisal. Practically all lenders still call for a local expert because the stakes are so high, even though there are a growing number of automated home valuation systems that may seem more practical than an appraisal. Is securing a mortgage the only reason to get an appraisal? Are there additional cases when the services of a licensed, independent real estate professional might be beneficial? Absolutely.

Let Shamrock Appraisals, Inc. assist you in lowering your mortgage payment

Challenge your tax assessment

It's likely you're paying too much in property taxes if you reside in an area where property values have depreciated. Ad Valorem taxes are based upon a past assessment of your house, so if values have declined in your area, you can challenge your assessment and save money. An appraisal from Shamrock Appraisals, Inc. is your best evidence when building your case. At Shamrock Appraisals, Inc., we're qualified to assist you in appealing your tax assessment.

Removing PMI for mortgage payments

When the amount being loaned to the home owneris more than 80% of the actual value of the home, nearly all lenders ask homebuyers to purchase this additional insurance plan. That policy is Private Mortgage Insurance, or PMI. Very often, this additional payment is folded into the monthly mortgage payment and is soon forgotten. This is unfortunate because PMI is no longer required when the leftover balance of the loan - whether through market appreciation or principal pay down - goes below the 80% level. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress requiring lenders to remove the PMI installments when the loan-to-value ratio conditions have been met.

Shamrock Appraisals, Inc. can produce a statement regarding the value of your home, and the expense of the home valuation can usually be regained in a short amount of time because you'll no longer be paying the PMI.

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Get a clear valuation on a home for divorce settlements

A divorce can be a particularly horrible event for both parties, and it is often even more complicated by the difficult decision of who gets the property. So both parties are entirely aware of the true market value of their home, it's a good idea to get an appraisal from Shamrock Appraisals, Inc., regardless of the circumstances.

If the parties wish to sell the home, they'll have a better idea of what price to set. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation.

Fair and accurate estate liquidation

The death of a loved one is a painful 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, guaranteeing the maximum degree of discretion.

Most Americans don't have dedicated estate planners or executors to take care of these matters, unlike wealthy individuals. And seeing that a home or other property often makes up a disproportionate share of the total estate value, understanding the true worth of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've gotten a fair deal.

Relocate to or from Tuscaloosa County through an employee relocation program

Employee relocation can be a stressful event, and we understand. That being said, we take great care in setting up a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive characteristics of their property, along with information about any current sales or listings in their neighborhood that they want considered during our intensive inspection.

Sell your home promptly — for the right price

A professional appraisal will help you make a more informed decision regarding your selling price, whether you choose to sell your home on your own or use the assistance 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 rest on our efforts to complete the appraisal report.

On a daily basis, we determine the difference in value items like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long propertiesare on the market. So, getting 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.

Let Shamrock Appraisals, Inc. assist you in selling your home quickly at the right price