Northern Arizona Appraisal, Inc. in Phoenix do appraisals for numerous reasons

To a lot of people, an appraisal is simply one more thing in the long list of items for a home purchase or refinance. Most lenders still call for a local expert because the stakes are very high, even though there are a multiplying number of automated home valuation systems that may appear to be more prudent than an appraisal. But is obtaining a mortgage the only reason to get an appraisal? Are there more instances when the services of a licensed, independent real estate professional might be beneficial? You bet there are.

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Let Northern Arizona Appraisal, Inc. help you dispute your tax assessment in Maricopa County

It's likely you're paying too much in property taxes if you reside in an area where property values have depreciated. Ad Valorem taxes are determined by a past assessment of your house, so if prices have declined in your neighborhood, you can appeal your assessment and save money. An appraisal from Northern Arizona Appraisal, Inc. is your best evidence when building your case. We're capable of assisting you in disputing your tax assessment.

Removing PMI will lower your mortgage payment

Private Mortgage Insurance, or PMI, is an extra insurance policy that nearly all 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 additional payment is often bundled into the monthly mortgage payment and is promptly forgotten. PMI is no longer required when the leftover balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was approved by the United States Congress that requires lenders to do away with the PMI installments when the balance is paid down to 78% of the original value.

If you'd like to do away with PMI, Northern Arizona Appraisal, Inc. will provide you with a statement regarding the value of your home. The price you paid for the appraisal can generally be regained in little time because you'll no longer be paying the PMI.

Divorce settlement with less stress

A divorce can be a very traumatic event for both parties, and it is often even more complicated by the hard decision of who keeps the property. It's a good idea to get an appraisal from Northern Arizona Appraisal, Inc. so both parties are fully aware of the true market value of their property, regardless of the circumstances.

If the parties want to sell the home, they'll have a better idea of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.

Settling an estate with peace of mind

The 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 residential property involved. We guarantee the highest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).

Most Americans don't have dedicated estate planners or executors to handle these affairs, unlike many wealthy individuals. And seeing that a home or other property often makes up an uneven share of the total estate value, understanding the certain value of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've gotten a fair deal.

Relocating to or from Maricopa County

Moving due to a job change is a real pain. We know where you're coming from! That being said, we take great care in setting up a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive aspects of their property, along with information regarding any current sales or listings in their area that they want considered during our thorough process.

Sell your home quickly at the right price with an appraisal from Northern Arizona Appraisal, Inc.

A professional appraisal can help you make a better educated decision when determining 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 are calculated on our efforts to finish the appraisal report and not a percentage of the sales price.

We analyze the difference in value items like an extra bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long homes stay on the market. So, getting a professional appraisal is a reliable way to decide 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 too long, costing you hassle and money.