Let Militti Appraisal Service handle your appraisal needs
To a lot of people, an appraisal is simply one more thing in the long list of items for a home purchase or refinance. Nearly all lenders still call for a local expert because the stakes are so high, even though there are a growing number of automated home valuation processes that may appear more practical than an appraisal. Is securing a mortgage the only reason you should get an appraisal? Are there additional times when the services of a licensed, independent real estate professional might come in handy? You bet.
Dispute your tax assessment in Bay County
If you live in an area where the property value has depreciated, it's possible you're paying too much in property taxes. An appraisal from Militti Appraisal Service is your best evidence when building your case. At Militti Appraisal Service, we're qualified to assist you in disputing your tax assessment.
PMI removal to lower a mortgage payment
Private Mortgage Insurance, or PMI, is an added insurance policy that almost all lenders ask home owners to buy when the amount being loaned to the home owner is more than 80% of the actual value of the home. Seeing that added payment is usually bundled into the monthly mortgage payment, it is often forgotten. PMI becomes unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - decreases below the 80% level, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was invoked by the United States Congress that requires lenders to remove the PMI installments when the loan-to-value ratio conditions have been met.
Militti Appraisal Service will give you a statement regarding the value of your home, and the cost of the home valuation can generally be offset in a short amount of time because you'll no longer be paying the PMI.
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Divorce settlement with less stress
A divorce is often complicated by the difficult decision of who maintains the property, and it can be a particularly daunting experience for both parties. Regardless of the situation, it's a good idea to order an appraisal from Militti Appraisal Service so both parties are completely aware of the true market value of their property.
If the parties want 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 evaluation.
Accurate and fair estate liquidation
The death of a loved one is a painful time in life, and settling an estate from a death, or probate, often calls for an appraisal to establish Fair Market Value for the real estate involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the highest degree of discretion.
Unlike many wealthy individuals, most Americans do not have dedicated estate planners or executors to handle these matters. A home or other property often makes up a disproportionate share of the total estate value, so knowing the true value of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've received a fair deal.
Move to or from Bay County for work
Employee relocation can be a stressful event, and we understand. That's why we take great care in establishing an accommodating appointment time for the appraisal inspection. During our thorough inspection, we recommend relocating employees to provide feedback on the positive features of their property, as well as information about any new sales or listings in their neighborhood that they want considered.
Close on your home promptly — for an accurate price
A professional appraisal can help you make a more informed decision when determining your selling price, whether you decide to sell your home on your own or use the assistance of a real estate agent. Apart from a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees aren't related to the sales price, but rather they depend on our efforts to finish the appraisal report.
We determine the difference in value items like an additional bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long housesare 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 an unnecessarily long time.