Reasons someone would hire SWAIM APPRAISAL SERVICES, INCTo many, an appraisal just looks like one more thing in the long list of items for a home purchase or refinance. Nearly all lenders still call in a local expert because the stakes are so high, even though there are an increasing number of automated home valuation processes that may appear more cost-effective than an appraisal. But is securing a mortgage the only reason to get an appraisal? Are there also situations when the services of a certified, independent real estate professional could come in handy? Absolutely.
Let SWAIM APPRAISAL SERVICES, INC help you challenge your tax assessment in Polk CountyIt's possible you're paying too much in property taxes if you live in an area where property values have declined. Property taxes are determined by a past assessment of your real estate, so if values are less than what they used to be in your neighborhood, you can challenge your assessment and save money. When building your case, an appraisal from SWAIM APPRAISAL SERVICES, INC is your best evidence. We're equipped to assist you in disputing your tax assessment.
SWAIM APPRAISAL SERVICES, INC can help you get rid of PMI to lower your mortgage paymentWhen the amount being loaned to the home buyer is more than 80% of the actual value of the property, many lenders ask buyers to purchase an added insurance plan. That policy is Private Mortgage Insurance, or PMI. This additional payment is often lumped into the monthly mortgage payment and is quickly forgotten. PMI is no longer required when the leftover balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark, making this very unfavorable. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to do away with the PMI installments when the loan-to-value ratio conditions have been met.
SWAIM APPRAISAL SERVICES, INC will provide you with a statement regarding the value of your home, and the cost of the home valuation can usually be recovered in little time because you'll no longer be paying the PMI.
An appraisal from SWAIM APPRAISAL SERVICES, INC will help you settle a divorce with less stressA divorce is often complicated by the troublesome decision of who gets the property, and it can be a particularly traumatic occurrence for both parties. So both parties are completely aware of the true market value of their property, it's a good idea to order an appraisal from SWAIM APPRAISAL SERVICES, INC, regardless of the circumstances.
If the parties wish to sell the home, they'll have a clearer picture of what price to set. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've gotten a fair assessment.
Fair and accurate estate liquidationThe death 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 real estate involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the utmost degree of discretion.
Unlike wealthy individuals, most Americans don't have dedicated estate planners or executors to take care of these issues. And seeing that a home or other property often makes up an unequal share of the total estate value, knowing the correct value of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've received a fair deal.
SWAIM APPRAISAL SERVICES, INC can assist you in relocating to or from Polk CountyEmployee relocation can be a stressful event, and we understand. That being said, we take great care in setting up a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive attributes of their property, as well as information about any new sales or listings in their neighborhood that they want considered during our detailed process.
Selling your home quickly at the right price with an appraisal from SWAIM APPRAISAL SERVICES, INCA professional appraisal will help you make a better educated decision regarding your asking 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 amount the house sells for, unlike real estate agents. Our fees are calculated on our efforts to finish the appraisal report and not a percentage of the sales price.
On a daily basis, we analyze the difference in value items like an extra bathroom or a kitchen remodel can make. Getting a professional appraisal is a reliable 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 - because we're experts in knowing how long homes are one the market.