Reasons someone would use the services of Appraisal Reports and Services, LLCThousands of people in Hawaii purchase, sell or refinance their home every month. A lot of these transactions consist of a simple line item for an appraisal. The majority of lenders still call in a local expert because the stakes are very high, even though there are a budding number of automated home valuation processes that might appear to be more cost-effective than an appraisal. But is securing a mortgage the only reason to acquire an appraisal? Are there more times when the services of a licensed, independent real estate professional might come in handy? You bet.
Appeal your tax assessment in Maui CountyIf you live in an area where the value of property has depreciated, it's possible you're paying too much in property taxes. An appraisal from Appraisal Reports and Services, LLC is your best evidence when building your case. We're qualified to assist you in challenging your tax assessment.
PMI removal to lower your mortgage paymentPrivate Mortgage Insurance, or PMI, is an extra insurance policy that most lenders ask home buyers to purchase when the amount being loaned to the home buyer is more than 80% of the actual value of the property. Since the added payment is usually bundled into the monthly mortgage payment, it is often forgotten. PMI is unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - dips below the 80% level, making this very unfortunate. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress that requires lenders to eliminate the PMI installments when the balance is paid down to 78% of the original value.
If you'd like to do away with PMI, Appraisal Reports and Services, LLC will give you a statement regarding the value of your home. The expense of the appraisal can often be recovered in a short amount of time because you'll no longer be paying the PMI.
Settling a divorce with less stress with an appraisal from Appraisal Reports and Services, LLCA divorce can be a very daunting ordeal for both parties, and it is often even more complicated by the strenuous decision of who gets the house. Regardless of the circumstances, it's a good idea to order an appraisal from Appraisal Reports and Services, LLC so both parties are completely aware of the true market value of their home.
The parties will have a a good 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 evaluation.
Settling an estate with peace of mindThe death of a loved one is a painful time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Market Value for the residential property involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the highest degree of discretion.
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 an uneven share of the total estate value, so understanding the true value of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've gotten an honest deal.
Relocating to or from Maui CountyEmployee relocation is a more than just an inconvenience. We know where you're coming from. That's why we take great care in organizing a convenient appointment time for the appraisal inspection. During our thorough process, we suggest employees that are moving to provide feedback on the positive aspects of their property, along with information regarding any new sales or listings in their neighborhood that they want considered.
Sell your home quickly at the right priceWhether you choose to sell your home on your own or with the help of a real estate agent, a professional appraisal can help you make a better educated decision when determining your selling price. An appraiser has no vested interest in what price the house sells for, which is different than the interest of real estate agents. Our fees depend on our efforts to finish the appraisal report and and aren't related to the sales price.
On a daily basis, we determine the difference in value items like an additional bathroom or a kitchen remodel can make. Obtaining a professional appraisal is a reliable 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 - because we're experts in knowing how long properties are one the market.