Reasons someone would use the services of Porch Light Appraisal
To a lot of us, an appraisal is simply another cost on the break-sheet for a home sale or refinance. And even though there are a budding number of automated home valuation methods that might appear less expensive than an appraisal, practically all lenders still want a local expert because the stakes are incredibly high. You might assume that obtaining a mortgage is the only reason to get an appraisal, but there are additional situations when the services of a certified, independent real estate professional could be beneficial.
Let Porch Light Appraisal help you appeal your tax assessment in Clark County
If you live in an area where the value of property has depreciated, it's possible you're paying too much in property taxes. An appraisal from Porch Light Appraisal is your best evidence when building your case. At Porch Light Appraisal, we're qualified to assist you in challenging your tax assessment.
Let Porch Light Appraisal help you do away with PMI to lower your mortgage payment
Private Mortgage Insurance, or PMI, is a supplemental insurance plan that almost all lenders ask home buyers to purchase when the amount being loaned to the home owner is more than 80% of the actual value of the home. Since the additional payment is usually lumped into the monthly mortgage payment, it is often forgotten. This is unfortunate because PMI isn't necessary when the remaining balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was approved by the United States Congress that requires lenders to dismiss the PMI installments when the balance is paid down to 78% of the original value.
Porch Light Appraisal will provide you with a statement regarding the value of your home, and the expense of the home valuation can generally be regained in just a few months because you'll no longer be paying the PMI.
Settling a divorce with less stress with an appraisal from Porch Light Appraisal
A divorce can be a particularly daunting ordeal for both parties, and it is often even more complicated by the burdensome decision of who maintains the home. Regardless of the situation, it's prudent to order an appraisal from Porch Light Appraisal so both parties are entirely aware of the true market value of their property.
The parties will have a clearer picture of what price to set, if they wish to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair assessment.
Settling an estate with peace of mind
Losing 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 residential property involved. We guarantee the fullest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Most Americans do not have dedicated estate planners or executors to handle these affairs, unlike wealthy individuals. And seeing that a home or other property often makes up an uneven share of the total estate value, knowing the certain value of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've gotten a fair deal.
Relocating to or from Clark County
We understand the headaches involved with an employee relocation. We take great care in organizing an accommodating appointment time for the appraisal inspection. During our intensive process, we encourage employees that are moving to provide remarks on the positive attributes of their property, along with information about any new sales or listings in their neighborhood that they want considered.
Sell your home quickly at the right price with an appraisal from Porch Light Appraisal
A professional appraisal can help you make a better educated decision regarding your selling price, whether you choose to sell your home on your own or use the assistance of a real estate agent. With much different interests than a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees are derived from our efforts to perform the appraisal report and and aren't related to the sales price.
We determine the difference in value items like an additional bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long properties stay on the market. So, seeking a professional appraisal is a reliable 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 too long, costing you hassle and money.