Reasons to get an appraisal from Filson's Real Estate Appraisal Services, Inc.
Thousands of people in Georgia buy, sell or refinance their home every month. Most of these transactions have a simple line item for an appraisal. And even though there are a developing number of automated home valuation systems that might appear more practical than an appraisal, practically all lenders still call in a local expert because the stakes are very high. You might assume that securing a mortgage is the only reason to acquire an appraisal, but there are additional situations when the services of a certified, independent real estate professional might come in handy.
Appeal your tax assessment in Fulton County
If you live in an area where the property value has depreciated, it's possible you're paying too much in property taxes. An appraisal from Filson's Real Estate Appraisal Services, Inc. is your best evidence when building your case. At Filson's Real Estate Appraisal Services, Inc., we're equipped to assist you in disputing your tax assessment.
PMI removal to lower a mortgage payment
When the amount being loaned to the homeowneris more than 80% of the actual value of the home, most lenders ask home buyers to take out this extra insurance plan. That policy is Private Mortgage Insurance, or PMI. This extra payment is often folded into the monthly mortgage payment and is soon forgotten. This is unfortunate because PMI isn't required 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 implemented by the United States Congress requiring lenders to dismiss the PMI installments when the loan-to-value ratio conditions have been met.
If you'd like to eliminate PMI, Filson's Real Estate Appraisal Services, Inc. will provide you with a statement regarding the value of your home. The price you paid for the appraisal can generally be recovered in little time because you'll no longer be paying the PMI.
Order an appraisal from Filson's Real Estate Appraisal Services, Inc.Order online
Settle a divorce with less stress
A divorce is a very daunting ordeal for the parties involved, and it is often more complicated by the strenuous decision of who keeps the property. So both parties are completely aware of the true market value of their property, it's a good idea to get an appraisal from Filson's Real Estate Appraisal Services, Inc., regardless of the situation.
The parties will have a clearer picture 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.
Fair and accurate estate liquidation
Losing 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 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).
Unlike wealthier individuals, most Americans don't have dedicated estate planners or executors to handle these issues. And seeing that a home or other property often makes up a disproportionate share of the total estate value, knowing the true worth of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've received an honest deal.
Relocate to or from Fulton County through an employee relocation program
Employee relocation is a stressful event, and we understand. We take great care in organizing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive characteristics of their property, as well as information about any recent sales or listings in their neighborhood that they want considered during our intensive inspection.
Close on your home promptly — for the right price
A professional appraisal can help you make a more informed decision when determining your selling price, whether you choose to sell your home on your own or use the assistance of a real estate agent. An appraiser has no vested interest in what price the house sells for, apart from real estate agents. Our fees are based on our efforts to finish the appraisal report and and aren't related to the sales price.
On a daily basis, we analyze the difference in value things like an additional bathroom or a kitchen remodel can make. Getting 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, because we're experts in knowing how long properties stay on the market.