Let Ellis Appraisal Services, Inc. take care of your appraisalThousands of people in Florida buy, sell or refinance their home each year. A lot of these transactions include a simple line item for an appraisal. And while there are a multiplying number of automated home valuation processes that may seem more practical than an appraisal, nearly all lenders still need a local expert because the stakes are so high. You might believe that obtaining a mortgage is the only reason you should get an appraisal, but there are additional times when the services of a licensed, independent real estate professional might be beneficial.
Challenge your tax assessment in Orange CountyIf 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 Ellis Appraisal Services, Inc. is your best evidence when building your case. At Ellis Appraisal Services, Inc., we're capable of assisting you in disputing your tax assessment.
Removing PMI will lower your mortgage paymentPrivate Mortgage Insurance, or PMI, is an additional insurance policy that most lenders ask homeowners to purchase when the amount being loaned to the home owner is more than 80% of the actual value of the property. This added payment is often folded into the monthly mortgage payment and is quickly forgotten. This is unfavorable because PMI becomes unnecessary when the leftover 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 implemented by the United States Congress requiring lenders to dismiss the PMI installments on most mortgages when the balance is paid down to 78% of the original value.
Ellis Appraisal Services, Inc. can provide you with a statement regarding the value of your home, and the cost of the home valuation can often be offset in just a few months because you'll no longer be paying the PMI.
Settling a divorce with less stressA divorce can be a particularly traumatic ordeal for both parties, and it is often further complicated by the difficult decision of who gets the property. Regardless of the circumstances, it's wise to order an appraisal from Ellis Appraisal Services, Inc. so both parties are fully aware of the true market value of their property.
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 received a fair assessment.
Accurate and fair estate liquidationThe loss of 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 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 highest degree of discretion.
Most Americans do not have dedicated estate planners or executors to manage these matters, unlike wealthier individuals. And seeing that a home or other property often makes up an unequal share of the total estate value, knowing the absolute value of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've received an honest deal.
Relocating to or from Orange County?We understand the headaches involved with an employee relocation. That being said, we take great care in setting up a convenient appointment time for the appraisal inspection. During our thorough process, we encourage relocating employees to provide remarks on the positive features of their property, as well as information regarding any recent sales or listings in their neighborhood that they want considered.
Sell your home quickly at the right priceA professional appraisal can help you make a more informed decision when determining your asking price, whether you choose to sell your home on your own or with the help of a real estate agent. An appraiser has no vested interest in what price the house sells for, unlike real estate agents. Our fees depend on our efforts to finish the appraisal report and not a percentage of the sales price.
We analyze the difference in value things like an extra bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long homes are on the market. So, obtaining a professional appraisal is a reliable way to decide 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 for an extended amount of time.