Why you should get an appraisal from Filson's Real Estate Appraisal Services, Inc.
Thousands of people in Georgia purchase, sell or refinance their home every month. A lot of these transactions include a simple line item for an appraisal. Even though there are a multiplying number of automated home valuation methods that may appear more economical than an appraisal, nearly all lenders still want a local expert because the stakes are so high. You might believe that securing a mortgage is the only reason to get an appraisal, but there are other times when the services of a licensed, independent real estate professional could be beneficial.
Appeal your tax assessment
It's likely you're paying too much in property taxes if you live in an area where property values have depreciated. Ad Valorem taxes are determined by a past assessment of your home, so if values have gone down in your neighborhood, you can challenge your assessment and save money. When building your case, an appraisal from us is your best evidence. We can assist you in disputing your tax assessment.
Remove PMI to lower your mortgage payment
Private Mortgage Insurance, or PMI, is an added insurance plan that nearly all lenders ask home owners to purchase when the amount being loaned to the home owner is more than 80% of the actual value of the real estate. Oftentimes, this additional payment is lumped into the monthly mortgage payment and is soon forgotten. This is unfavorable because PMI becomes unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - falls below the 80% mark. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to eliminate the PMI installments when the loan-to-value ratio conditions have been met.
If you'd like to get rid of PMI, Filson's Real Estate Appraisal Services, Inc. can give you a statement regarding the value of your home. The expense of the home valuation can generally be recovered in just a few months because you'll no longer be paying the PMI.
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Divorce settlement with fewer hang-ups
A divorce is often complicated by the difficult decision of who maintains the house, and it can be a particularly traumatic occurrence for both parties. Regardless of the circumstances, it's a good idea to get an appraisal from Filson's Real Estate Appraisal Services, Inc. so both parties are completely aware of the true market value of their home.
The parties will have a clearer picture of what price to set, if they want to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.
Accurate and fair estate liquidation
The death of a loved one is a difficult time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Fair Market Value for the residential property 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 manage these affairs, unlike wealthier individuals. A home or other property often makes up an uneven share of the total estate value, so knowing the true value of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've gotten an honest deal.
Move to or from Fulton County for work
Employee relocation is a stressful event, and we understand. That being said, we take great care in establishing an accommodating appointment time for the appraisal inspection. During our detailed inspection, we recommend relocating employees to provide remarks on the positive characteristics of their property, as well as information about any current sales or listings in their neighborhood that they want considered.
Sell your home promptly — for an accurate price
A professional appraisal can help you make a better educated decision regarding your selling price, whether you decide to sell your home on your own or use the assistance of a real estate agent. Apart from a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees aren't a percentage of the sales price, but rather they are based on our efforts to complete the appraisal report.
On a daily basis, we determine the difference in value things like an additional bathroom or a kitchen remodel can make. And we're experts in knowing how long propertiesstay on the market. So, obtaining 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.