Let Militti Appraisal Service attend to your appraisal needs
Thousands of people in Florida purchase, sell or refinance their home each month. Most of these transactions include a simple line item for an appraisal. And even though there are a budding number of automated home valuation processes that might seem more cost-effective than an appraisal, practically all lenders still need a local expert because the stakes are so high. Is obtaining a mortgage the only reason to get an appraisal? Are there more times when the services of a licensed, independent real estate professional could come in handy? Absolutely.
Challenge 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. When building your case, an appraisal from us is your best evidence. At Militti Appraisal Service, we're capable of assisting you in appealing your tax assessment.
Remove PMI to lower your mortgage payment
Private Mortgage Insurance, or PMI, is a supplemental insurance policy that many lenders ask buyers to purchase when the amount being loaned to the homeowner is more than 80% of the actual value of the property. This added payment is often folded into the monthly mortgage payment and is promptly forgotten. This is damaging because PMI is unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was invoked by the United States Congress requiring lenders to remove the PMI payments when the loan-to-value ratio conditions have been met.
Militti Appraisal Service will provide you with a statement regarding the value of your home, and the price you paid for the appraisal can generally be offset in a short amount of time because you'll no longer be paying the PMI.
Order an appraisal from Militti Appraisal ServiceOrder online
Settle a divorce with less stress
A divorce is often complicated by the burdensome decision of who gets the house, and it can be a particularly traumatic occurrence for both parties. So both parties are completely aware of the true market value of their home, it's a good idea to get an appraisal from Militti Appraisal Service, regardless of the situation.
The parties will have a better idea of what price to set, if they want to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've gotten a fair assessment.
Accurate and fair estate liquidation
Losing a loved one is a hard time in life, and settling an estate from a death, or probate, often requires an appraisal to establish Fair 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).
Unlike wealthy individuals, most Americans do not have dedicated estate planners or executors to manage these issues. 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 vital importance to ensuring disputing parties leave knowing they've gotten an honest deal.
Relocate to or from Bay County through an employee relocation program
Employee relocation is a stressful event, and we understand. That being said, we take great care in establishing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive characteristics of their property, as well as information about any current sales or listings in their area that they want considered during our intensive inspection.
Close on your home promptly — for an accurate price
A professional appraisal can help you make a more informed decision regarding your selling price, whether you decide to sell your home on your own or use the assistance of a real estate agent. An appraiser has no vested interest in what price the house sells for, unlike real estate agents. Our fees aren't related to the sales price, but rather they are calculated on our efforts to finish the appraisal report.
We determine the difference in value things like an additional bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long housesstay on the market. So, seeking a professional appraisal is a trusted way to determine what improvements will add value and what an appropriate sales price is for your home so you don't come up short or have your house on the market an unnecessarily long time.