Reasons you should order an appraisal from Militti Appraisal Service

Year after year, thousands of people in Florida buy, sell or refinance their home. A lot of these transactions contain a simple line item for an appraisal. While there are a multiplying number of automated home valuation processes that may appear to be more prudent than an appraisal, the majority of lenders still call in a local expert because the stakes are incredibly high. Is obtaining a mortgage the only reason to acquire an appraisal? Are there also instances when the services of a licensed, independent real estate professional might come in handy? Of course.

Let Militti Appraisal Service assist you in lowering your mortgage payment

Contest your tax assessment

It's probable you're paying too much in property taxes if you live in an area where property values have declined. Ad Valorem taxes are based upon a past assessment of your home, so if values have declined in your neighborhood, you can challenge your assessment and save money. 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 appealing your tax assessment.

Eliminate PMI to lower your mortgage payment

When the amount being loaned to the home buyeris more than 80% of the actual value of the home, many lenders ask homebuyers to buy this added insurance plan. That policy is Private Mortgage Insurance, or PMI. Very often, this additional payment is lumped into the monthly mortgage payment and is quickly forgotten. PMI isn't required when the leftover balance of the loan - whether through market appreciation or principal pay down - goes below the 80% mark, making this very unfortunate. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress requiring lenders to dismiss the PMI installments when the loan-to-value ratio conditions have been met.

If you'd like to do away with PMI, Militti Appraisal Service will produce a statement regarding the value of your home. The expense of the appraisal can generally be offset in just a few months because you'll no longer be paying the PMI.

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Divorce settlement with fewer hang-ups

A divorce is a particularly horrible experience for the parties involved, and it is often more complicated by the difficult decision of who keeps the house. So both parties are completely aware of the true market value of their property, it's a good idea to order an appraisal from Militti Appraisal Service, regardless of the situation.

The parties will have a clearer picture of what price to set, if they wish to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.

Determine an accurate and fair valuation for estate liquidation

The 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 Fair 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 do not have dedicated estate planners or executors to manage these issues, unlike many wealthy individuals. A home or other property often makes up an unequal share of the total estate value, so understanding the true worth of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've received a fair deal.

Relocate to or from Bay County for work

We understand the headaches involved with an employee relocation. That being said, we take great care in establishing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive characteristics of their property, as well as information regarding any new sales or listings in their area that they want considered during our thorough inspection.

Close on your home promptly — for the right price

A professional appraisal will help you make a more informed 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, apart from real estate agents. Our fees rest on our efforts to finish the appraisal report and and aren't related to the sales price.

We analyze 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 houses are one the market.

Let Militti Appraisal Service assist you in selling your home quickly at the right price