Why would you need an appraisal from Knight Appraisal LLC?To many, an appraisal just looks like another fee on the settlement sheet for a home purchase or refinance. Most lenders still want a local expert because the stakes are so high, even though there are a growing number of automated home valuation methods that may seem more prudent than an appraisal. You might think that securing a mortgage is the only reason to get an appraisal, but there are more cases when the services of a certified, independent real estate professional could be beneficial.
Challenge your tax assessment in Baldwin CountyIf you live in an area where property values have depreciated, it's possible you're paying too much in property taxes. An appraisal from Knight Appraisal LLC is your best evidence when building your case. At Knight Appraisal LLC,we can assist you in disputing your tax assessment.
Getting rid of your PMI will lower your mortgage paymentWhen the amount being loaned to the homebuyer is more than 80% of the actual value of the home, many lenders ask home buyers to purchase an additional insurance plan. That policy is Private Mortgage Insurance, or PMI. More often than not, this added payment is folded into the monthly mortgage payment and is quickly forgotten. PMI becomes unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - goes below the 80% mark, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress requiring lenders to dismiss the PMI payments when the balance is paid down to 78% of the original value.
If you'd like to eliminate PMI, Knight Appraisal LLC will provide you with a statement regarding the value of your home. The expense of the appraisal can usually be regained in little time because you'll no longer be paying the PMI.
An appraisal from Knight Appraisal LLC will help you settle a divorce with less stressA divorce can be an especially daunting ordeal for both parties, and it is often further complicated by the hard decision of who maintains the house. Regardless of the situation, it's a good idea to get an appraisal from Knight Appraisal LLC so both parties are entirely aware of the true market value of their property.
If the parties wish to sell the home, they'll have a a good idea 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.
Settling an estate with peace of mindThe death of a loved one is a hard time in life, and settling an estate from a death, or probate, often requires an appraisal to establish Market Value for the residential property involved. We ensure the maximum degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Most Americans do not have dedicated estate planners or executors to handle these issues, unlike wealthier individuals. And since a home or other property often makes up an uneven share of the total estate value, knowing the certain value 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 Baldwin CountyWe are familiar with the stress involved with an employee relocation. That being said, we take great care in organizing an accommodating appointment time for the appraisal inspection. During our intensive process, we recommend employees that are moving to provide feedback on the positive characteristics of their property, along with information regarding any recent sales or listings in their area that they want considered.
Don't sell out short or let your home stay on the market too long.Whether you decide to sell your home on your own or with the help of a real estate agent, a professional appraisal will help you make a more informed decision regarding your asking price. Separate from a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees aren't a percentage of the sales price, but rather they depend on our efforts to finish the appraisal.
We determine the difference in value items like an extra bathroom or a kitchen remodel can make on a daily basis. Obtaining a professional appraisal is a reliable way to decide 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 an unnecessarily long time - because we're experts in knowing how long properties stay on the market.