Why you should order an appraisal from Shamrock Appraisals, Inc.
Each year, thousands of people in Alabama buy, sell or refinance their home. Many of these transactions include a simple line item for an appraisal. The majority of lenders still call in a local expert because the stakes are very high, even though there are a budding number of automated home valuation systems that may appear to be more practical than an appraisal. Is getting a mortgage the only reason to get an appraisal? Are there also cases when the services of a licensed, independent real estate professional might be beneficial? Of course.
Challenge your tax assessment
If you live in an area where property values have declined, it's possible you're paying too much in property taxes. An appraisal from Shamrock Appraisals, Inc. is your best evidence when building your case. At Shamrock Appraisals, Inc., we're equipped to assist you in challenging your tax assessment.
PMI removal to reduce a mortgage payment
Private Mortgage Insurance, or PMI, is an added insurance policy that nearly all lenders ask home buyers to buy when the amount being loaned to the home owner is more than 80% of the actual value of the property. More often than not, this extra payment is folded into the monthly mortgage payment and is quickly forgotten. This is unfortunate because PMI is unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - falls below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was invoked 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 price you paid for the appraisal can often be recovered in little time because you'll no longer be paying the PMI.
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Divorce settlement with fewer hang-ups
A divorce is an especially horrible event for the parties involved, and it is often more complicated by the difficult decision of who maintains the property. It's a good idea to get an appraisal from Shamrock Appraisals, Inc. so both parties are completely aware of the true market value of their property, regardless of the circumstances.
If the parties want 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 assessment.
Determine a fair and accurate valuation for estate liquidation
The death of a loved one is a difficult time in life, and settling an estate from a death, or probate, often calls for an appraisal to establish Fair Market Value for the residential property involved. We ensure the fullest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Unlike wealthy individuals, most Americans don't have dedicated estate planners or executors to manage these matters. And seeing that a home or other property often makes up an uneven share of the total estate value, knowing the true value of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've gotten a fair deal.
Move to or from Tuscaloosa County through an employee relocation program
We understand the stress associated with an employee relocation. That being said, we take great care in organizing an accommodating appointment time for the appraisal inspection. During our intensive inspection, we suggest relocating employees to provide remarks on the positive attributes of their property, as well as information about any new sales or listings in their area that they want considered.
Close on your home promptly — for the right price
Whether you want 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 asking 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 rest on our efforts to complete the appraisal report.
On a daily basis, we examine the difference in value things like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long housesstay on the market. So, getting a professional appraisal is a trusted 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.