Coastal Valuations in Mobile do appraisals for numerous reasonsTo a lot of us, an appraisal is simply a line item in the long list of items for a home sale or refinance. Even though there are a developing number of automated home valuation methods that may seem more practical than an appraisal, most lenders still call for a local expert because the stakes are so high. But is securing a mortgage the only reason you should get an appraisal? Are there more situations when the services of a licensed, independent real estate professional could come in handy? Absolutely.
Challenge your tax assessment in Mobile CountyIt's probable you're paying too much in property taxes if you live in an area where property values have depreciated. Ad Valorem taxes are based upon a past assessment of your home, so if prices have gone down in your neighborhood, you can appeal your assessment and save money. When building your case, an appraisal from Coastal Valuations is your best evidence. At Coastal Valuations,we can assist you in disputing your tax assessment.
PMI removal will lower your mortgage paymentPrivate Mortgage Insurance, or PMI, is an additional insurance plan that nearly all lenders ask home owners to purchase when the amount being loaned to the homebuyer is more than 80% of the actual value of the home. Seeing that added payment is usually lumped into the monthly mortgage payment, it is often forgotten. This is damaging because PMI isn't required when the remaining balance of the loan - whether through market appreciation or principal pay down - falls below the 80% level. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to eliminate the PMI payments when the loan-to-value ratio conditions have been met.
Coastal Valuations can give you a statement regarding the value of your home, and the price you paid for the home valuation can often be recovered in a short amount of time because you'll no longer be paying the PMI.
Divorce settlement with less stressA divorce is a particularly heartbreaking experience for the parties involved, and it is often further complicated by the strenuous decision of who gets the home. Regardless of the situation, it's wise to get an appraisal from Coastal Valuations so both parties are fully aware of the true market value of their property.
If the parties need 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 gotten a fair evaluation.
Settling an estate with peace of mindThe death of a loved one is a painful time in life, and settling an estate from a death, or probate, often entails an appraisal to establish 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 wealthier individuals, most Americans don't have dedicated estate planners or executors to take care of these matters. A home or other property often makes up an unequal share of the total estate value, so understanding the true value of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've received a fair deal.
Let Coastal Valuations assist you in relocating to or from Mobile CountyEmployee relocation is a stressful event, and we understand. That being said, we take great care in setting up an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive features of their property, along with information about any current sales or listings in their area that they want considered during our thorough process.
Don't sell out short or keep your home on the market too long.A professional appraisal can help you make a better educated decision when determining your selling price, whether you want to sell your home on your own or use the assistance of a real estate agent. Unlike a real estate agent, an appraiser has no vested interest in what amount the house sells for. The price we charge isn't a percentage of the sales price, but rather they are calculated on our efforts to complete the appraisal.
We analyze the difference in value things like an extra bathroom or a kitchen remodel can make on a daily basis. Obtaining a professional appraisal is a trusted way to decide 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.