Why you should hire an appraiser

To a lot of people, an appraisal just looks like a line item on the settlement sheet for a home sale or refinance. Practically all lenders still call for a local expert because the stakes are very high, even though there are a developing number of automated home valuation systems that might appear to be more economical than an appraisal. You might believe that getting a mortgage is the only reason to get an appraisal, but there are more instances when the services of a certified, independent real estate professional could be beneficial.

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Dispute your tax assessment

If you reside in an area where property values have declined, it's possible you're paying too much in property taxes. An appraisal from Central Alabama Appraisal is your best evidence when building your case. We're qualified to assist you in challenging your tax assessment.

Get rid of PMI to lower your mortgage payment

Private Mortgage Insurance, or PMI, is an added insurance policy that almost all lenders ask home buyers to purchase when the amount being loaned to the home owner is more than 80% of the actual value of the property. Seeing that extra payment is usually lumped into the monthly mortgage payment, it is often forgotten. PMI isn't required when the leftover balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% level, making this very unfortunate. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress that requires lenders to eliminate the PMI payments when the loan-to-value ratio conditions have been met.

If you'd like to get rid of PMI, Central Alabama Appraisal can give you a statement regarding the value of your home. The cost of the appraisal can usually be regained in a short amount of time because you'll no longer be paying the PMI.

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Get a fair valuation on a home take make a divorce settlement less stressful

A divorce is an especially traumatic ordeal for the parties involved, and it is often further complicated by the burdensome decision of who keeps the house. Regardless of the circumstances, it's a good idea to order an appraisal from Central Alabama Appraisal so both parties are entirely aware of the true market value of their house.

The parties will have a clearer picture of what price to set, if they wish 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.

Determine an accurate and fair valuation for estate liquidation

The death of a loved one is a hard time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Fair Market Value for the real estate involved. We ensure the fullest 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 manage these affairs, unlike many wealthy individuals. A home or other property often makes up a disproportionate share of the total estate value, so knowing the true worth of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've received an honest deal.

Relocate to or from Elmore County for work

We understand the stress associated with an employee relocation. We take great care in organizing an accommodating appointment time for the appraisal inspection. During our intensive inspection, we encourage relocating employees to provide remarks on the positive features of their property, along with information regarding any new sales or listings in their area that they want considered.

Sell your home quickly — at an accurate price

Whether you decide to sell your home on your own or use the assistance of a real estate agent, a professional appraisal can help you make a better educated decision regarding your selling price. An appraiser has no vested interest in what price the house sells for, apart from real estate agents. Our fees aren't a percentage of the sales price, but rather they are based on our efforts to complete the appraisal report.

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 housesstay on the market. So, getting 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.

Let Central Alabama Appraisal assist you in selling your home quickly at the right price