Home Analytics in Charlotte perform appraisals for a variety of purposesTo a lot of us, an appraisal just looks like one more thing on the settlement sheet for a home purchase or refinance. Nearly all lenders still call in a local expert because the stakes are incredibly high, even though there are a budding number of automated home valuation processes that may appear cheaper than an appraisal. You might think that obtaining a mortgage is the only reason to get an appraisal, but there are more instances when the services of a certified, independent real estate professional might come in handy.
If you reside in an area where property values have declined, it's possible you're paying too much in property taxes. An appraisal from Home Analytics is your best evidence when building your case. We're equipped to assist you in appealing your tax assessment.
||What can an appraiser do for home owners?
When the amount being loaned to the homebuyer is more than 80% of the actual value of the home, nearly all lenders ask homeowners to buy an added insurance plan. That policy is Private Mortgage Insurance, or PMI. Seeing that added payment is usually folded into the monthly mortgage payment, it is often forgotten. This is unfavorable because PMI becomes unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to do away with the PMI payments when the loan-to-value ratio conditions have been met.
Home Analytics can give you a statement regarding the value of your home, and the price you paid for the home valuation can usually be regained in just a few months because you'll no longer be paying the PMI.
A divorce can be a particularly daunting ordeal for both parties, and it is often even more complicated by the difficult decision of who keeps the property. Regardless of the situation, it's prudent to order an appraisal from Home Analytics so both parties are entirely aware of the true market value of their home.
The parties will have a clearer picture of what price to set, if they need to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.
The loss of a loved one is a painful time in life, and settling an estate from a death, or probate, often requires an appraisal to establish 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 fullest degree of discretion.
Most Americans don't have dedicated estate planners or executors to handle these affairs, unlike many wealthy individuals. A home or other property often makes up an unequal share of the total estate value, so knowing the true value of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've gotten an honest deal.
Employee relocation can be a more than just an inconvenience. We know where you're coming from! That's why we take great care in establishing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive aspects of their property, as well as information regarding any current sales or listings in their neighborhood that they want considered during our detailed process.
A professional appraisal will help you make a more informed decision when determining your asking price, whether you choose to sell your home on your own or with the help of a real estate agent. An appraiser has no vested interest in what amount the house sells for, which is different than the interest of 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. Getting 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 properties are one the market.