Reasons to hire an appraiserEach year, thousands of people in Alabama purchase, sell or refinance their home. Many of these transactions consist of a simple line item for an appraisal. And while there are a developing number of automated home valuation processes that might appear to be more economical than an appraisal, practically all lenders still call for a local expert because the stakes are incredibly high. You might think that obtaining a mortgage is the only reason you should get an appraisal, but there are additional situations when the services of a licensed, independent real estate professional might be helpful. 
Dispute your tax assessmentIt's possible you're paying too much in property taxes if you live in an area where property values have depreciated. Property taxes are determined by a previous assessment of your real estate, so if values have gone down 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 disputing your tax assessment. Remove PMI to lower your mortgage paymentWhen the amount being loaned to the homebuyeris more than 80% of the actual value of the property, nearly all lenders ask homeowners to take out this additional insurance plan. That policy is Private Mortgage Insurance, or PMI. Oftentimes, this extra payment is lumped into the monthly mortgage payment and is quickly forgotten. PMI isn't necessary when the remainder of the loan - whether through market appreciation or principal pay down - falls below the 80% level, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress that requires lenders to eliminate the PMI payments when the loan-to-value ratio conditions have been met. Shamrock Appraisals, Inc. can give you a statement regarding the value of your home, and the expense of the home valuation can often be regained in a short amount of time because you'll no longer be paying the PMI. Order your appraisal from Shamrock Appraisals, Inc. today Order onlineGet a fair valuation on a home take make a divorce settlement less stressfulA divorce is an especially traumatic experience for the parties involved, and it is often more complicated by the burdensome decision of who gets the property. So both parties are fully aware of the true market value of their property, it's a good idea to get an appraisal from Shamrock Appraisals, Inc., regardless of the situation. 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 gotten a fair evaluation. Determine an accurate and fair valuation for estate liquidationLosing a loved one is a painful time in life, and settling an estate from a death, or probate, often requires 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. Unlike wealthier 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 uneven share of the total estate value, so understanding the true worth of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've gotten a fair deal. Move to or from Tuscaloosa County for workWe understand the headaches involved with an employee relocation. That's why 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 about any current sales or listings in their area that they want considered during our thorough inspection. Close on your home promptly — for the right priceWhether you choose to sell your home on your own or with the help of a real estate agent, a professional appraisal will help you make a better educated decision when determining your selling price. An appraiser has no vested interest in what price the house sells for, unlike real estate agents. Our fees aren't related to the sales price, but rather they are calculated on our efforts to complete the appraisal report. On a daily basis, we determine the difference in value things like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long housesare on the market. So, seeking 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. 
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