Brevard Appraisal Group in Cape Canaveral do appraisals for numerous purposesEvery year, thousands of people in Florida buy, sell or refinance their home. Most of these transactions have a simple line item for an appraisal. Practically all lenders still want a local expert because the stakes are so high, even though there are a multiplying number of automated home valuation methods that may appear to be more practical than an appraisal. You might think that obtaining a mortgage is the only reason you should get an appraisal, but there are more times when the services of a licensed, independent real estate professional could be helpful.
Appeal your tax assessment in Brevard CountyIt's likely you're paying too much in property taxes if you live in an area where property values have declined. Ad Valorem taxes are determined by a previous assessment of your house, so if values have declined in your neighborhood, you can challenge your assessment and save money. When building your case, an appraisal from Brevard Appraisal Group is your best evidence. At Brevard Appraisal Group,we can assist you in challenging your tax assessment.
How can you eliminate PMI to lower your mortgage payment?Private Mortgage Insurance, or PMI, is an added insurance plan that many lenders ask homebuyers to buy when the amount being loaned to the homebuyer is more than 80% of the actual value of the home. Seeing that extra payment is usually folded into the monthly mortgage payment, it is often forgotten. PMI is unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - dips below the 80% mark, making this very unfavorable. 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 balance is paid down to 78% of the original value.
Brevard Appraisal Group will produce a statement regarding the value of your home, and the price you paid for the home valuation can generally be offset in just a few months because you'll no longer be paying the PMI.
Settling a divorce with less stressA divorce is a very traumatic event for the parties involved, and it is often more complicated by the hard decision of who maintains the house. It's a good idea to order an appraisal from Brevard Appraisal Group so both parties are fully aware of the true market value of their home, regardless of the situation.
The parties will have a better idea 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 gotten a fair assessment.
Accurate and fair estate liquidationThe death of a loved one is a painful time in life, and settling an estate from a death, or probate, often requires an appraisal to establish 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 maximum degree of discretion.
Most Americans don't have dedicated estate planners or executors to take care of these affairs, unlike many wealthy individuals. And seeing that a home or other property often makes up a disproportionate share of the total estate value, knowing the absolute value of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've received a fair deal.
Relocating to or from Brevard CountyWe know the headaches associated with an employee relocation. That being said, we take great care in organizing an accommodating appointment time for the appraisal inspection. During our thorough process, we encourage employees that are moving to provide input on the positive aspects of their property, as well as information regarding any recent sales or listings in their area that they want considered.
Let Brevard Appraisal Group assist you in selling your home quickly at the right priceA professional appraisal can help you make a more informed decision when determining your selling price, whether you choose to sell your home on your own or with the help of a real estate agent. Separate from a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees are based on our efforts to finish the appraisal report and and aren't related to the sales price.
We determine the difference in value items like an additional bathroom or a kitchen remodel can make on a daily basis. Obtaining 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 - because we're experts in knowing how long properties stay on the market.