Why you should order an appraisalThousands of people in Florida buy, sell or refinance their home each year. Many of these transactions contain a simple line item for an appraisal. And while there are a budding number of automated home valuation systems that may appear to be cheaper than an appraisal, most lenders still want a local expert because the stakes are very high. But is securing a mortgage the only reason to get an appraisal? Are there more situations when the services of a licensed, independent real estate professional could come in handy? Of course.
Appeal your tax assessment in Manatee CountyIt's likely you're paying too much in property taxes if you reside in an area where property values have depreciated. Property taxes are determined by a previous assessment of your home, so if prices have declined in your neighborhood, you can appeal your assessment and save money. When building your case, an appraisal from Carolyn Davis is your best evidence. We're equipped to assist you in disputing your tax assessment.
Getting rid of your PMI will lower your mortgage paymentWhen the amount being loaned to the home owner is more than 80% of the actual value of the real estate, many lenders ask buyers to purchase an supplemental insurance policy. That policy is Private Mortgage Insurance, or PMI. This additional payment is often folded into the monthly mortgage payment and is quickly forgotten. This is unfavorable because PMI isn't required when the remainder 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 implemented by the United States Congress requiring lenders to eliminate the PMI payments when the balance is paid down to 78% of the original value.
If you'd like to do away with PMI, Carolyn Davis will give you a statement regarding the value of your home. The price you paid for the home valuation can usually be offset in little time because you'll no longer be paying the PMI.
An appraisal from Carolyn Davis will help you settle a divorce with less stressA divorce is a particularly traumatic ordeal for the parties involved, and it is often more complicated by the troublesome decision of who keeps the property. Regardless of the circumstances, it's a good idea to get an appraisal from Carolyn Davis so both parties are fully aware of the true market value of their property.
The parties will have a a good idea of what price to set, if they need 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.
Settling an estate with peace of mindLosing a loved one is a painful time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Market Value for the real estate involved. We ensure the utmost degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Most Americans don't have dedicated estate planners or executors to take care of these issues, unlike many wealthy individuals. A home or other property often makes up an unequal share of the total estate value, so understanding 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.
Let Carolyn Davis assist you in relocating to or from Manatee CountyWe are aware of the headaches associated with an employee relocation. We take great care in establishing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive attributes of their property, as well as information regarding any recent sales or listings in their area that they want considered during our intensive process.
Selling your home quickly at the right priceWhether you decide to sell your home on your own or with the help of a real estate agent, a professional appraisal will help you make a more informed decision when determining your selling price. An appraiser has no vested interest in what amount the house sells for, unlike real estate agents. Our fees depend on our efforts to finish the appraisal report and and aren't related to the sales price.
We examine the difference in value things like an extra bathroom or a kitchen remodel can make on a daily basis. Seeking a professional appraisal is a reliable way to decide 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 houses are one the market.