There are lots of reasons consumers call on Summit City Appraisals, LLCTo many, an appraisal just looks like one more thing in the long list of items for a home purchase or refinance. Almost all lenders still need a local expert because the stakes are so high, even though there are a developing number of automated home valuation processes that might appear to be less expensive than an appraisal. But is getting a mortgage the only basis for getting an appraisal? Are there also situations when the services of a certified, independent real estate professional could be beneficial? You bet.
Dispute your tax assessment in Allen CountyIt's possible you're paying too much in property taxes if you live in an area where property values have depreciated. Property taxes are based upon a past assessment of your house, so if values have declined in your area, you can challenge your assessment and save money. An appraisal from Summit City Appraisals, LLC is your best evidence when building your case. At Summit City Appraisals, LLC,we can assist you in appealing your tax assessment.
Removing PMI will lower your mortgage paymentPrivate Mortgage Insurance, or PMI, is an extra insurance policy that almost all lenders ask buyers to purchase when the amount being loaned to the buyer is more than 80% of the actual value of the property. This additional payment is often folded into the monthly mortgage payment and is soon forgotten. PMI isn't necessary when the remaining balance of the loan - whether through market appreciation or principal pay down - dips below the 80% mark, making this very unfortunate. In fact, the Homeowners Protection Act (HPA) of 1998 was approved by the United States Congress that requires lenders to do away with the PMI payments on most mortgages when the balance is paid down to 78% of the original value.
If you'd like to eliminate PMI, Summit City Appraisals, LLC will produce a statement regarding the value of your home. The price you paid for the appraisal can generally be offset in a short amount of time because you'll no longer be paying the PMI.
Settling a divorce with less stress with an appraisal from Summit City Appraisals, LLCA divorce is often complicated by the hard decision of who keeps the property, and it can be a particularly heartbreaking event for both parties. Regardless of the situation, it's wise to get an appraisal from Summit City Appraisals, LLC so both parties are fully aware of the true market value of their property.
If the parties wish to sell the home, they'll have a clearer picture of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.
Settling an estate with peace of mindLosing a loved one is a hard time in life, and settling an estate from a death, or probate, often requires 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 many wealthy individuals, most Americans don't have dedicated estate planners or executors to manage these issues. And since a home or other property often makes up an uneven share of the total estate value, knowing the true worth of the real estate at hand is of significant importance to ensuring disputing parties leave knowing they've received an honest deal.
Relocating to or from Allen County?Moving due to a job change can be a stressful event, and we understand. That's why we take great care in organizing a convenient appointment time for the appraisal inspection. During our intensive process, we recommend relocating employees to provide remarks on the positive features of their property, as well as 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 Summit City Appraisals, LLCWhether you decide to sell your home on your own or with the help of a real estate agent, a professional appraisal can 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 are calculated on our efforts to perform the appraisal report and and aren't related to the sales price.
On a daily basis, we analyze the difference in value items like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long houses are on the market. So, 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 too long, costing you hassle and money.