Reasons someone would hire Farmer Appraisal ServicesTo a lot of us, an appraisal is simply a line item in the long list of items for a home purchase or refinance. While there are a multiplying number of automated home valuation processes that might seem more cost-effective than an appraisal, nearly all lenders still call for a local expert because the stakes are very high. You might believe that obtaining a mortgage is the only reason to acquire an appraisal, but there are more instances when the services of a licensed, independent real estate professional could be helpful.
Appeal your tax assessment in Midland CountyIt's possible you're paying too much in property taxes if you reside in an area where property values have declined. Property taxes are determined by a past assessment of your real estate, so if prices have gone down in your area, you can challenge your assessment and save money. When building your case, an appraisal from Farmer Appraisal Services is your best evidence. We're equipped to assist you in disputing your tax assessment.
How can you eliminate PMI to lower your mortgage payment?Private Mortgage Insurance, or PMI, is an additional insurance policy that many lenders ask homeowners to buy when the amount being loaned to the buyer is more than 80% of the actual value of the property. Since the extra payment is usually folded into the monthly mortgage payment, it is often forgotten. This is damaging because PMI isn't necessary when the leftover balance of the loan - whether through market appreciation or principal pay down - goes below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress requiring lenders to do away with the PMI payments when the balance is paid down to 78% of the original value.
If you'd like to get rid of PMI, Farmer Appraisal Services can produce a statement regarding the value of your home. The expense of the home valuation can often be recovered in little time because you'll no longer be paying the PMI.
Divorce settlement with less stressA divorce can be a very daunting experience for both parties, and it is often more complicated by the challenging decision of who keeps the house. It's a good idea to order an appraisal from Farmer Appraisal Services so both parties are completely aware of the true market value of their house, regardless of the circumstances.
If the parties need to sell the home, they'll have a a good idea of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.
Fair and accurate estate liquidation with help from Farmer Appraisal ServicesSettling an estateThe 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 real estate involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the maximum degree of discretion.
Most Americans don't have dedicated estate planners or executors to handle these issues, unlike wealthier individuals. A home or other property often makes up an uneven share of the total estate value, so understanding the true value of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've gotten an honest deal.
Relocating to or from Midland CountyEmployee relocation is a real pain, and we understand. That being said, we take great care in organizing an accommodating appointment time for the appraisal inspection. During our thorough process, we suggest relocating employees to provide remarks on the positive features of their property, as well as information regarding any recent sales or listings in their area that they want considered.
Selling your home quickly at the right price with an appraisal from Farmer Appraisal ServicesWhether 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 better educated decision regarding your selling price. Separate from a real estate agent, an appraiser has no vested interest in what price the house sells for. The price we charge isn't a percentage of the sales price, but rather they rest on our efforts to finish the appraisal.
On a daily basis, we analyze the difference in value things like an additional bathroom or a kitchen remodel can make. And we're experts in knowing how long properties stay on the market. So, 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 too long, costing you hassle and money.