6 Reasons you should order an appraisal from Northern Arizona Appraisal, Inc.

Thousands of people in Arizona buy, sell or refinance their home each month. Most of these transactions involve a simple line item for an appraisal. Even though there are an increasing number of automated home valuation methods that might seem more practical than an appraisal, almost all lenders still call for a local expert because the stakes are incredibly high. Is securing a mortgage the only reason to acquire an appraisal? Are there additional times when the services of a licensed, independent real estate professional might come in handy? You bet there are.

Let Northern Arizona Appraisal, Inc. help you lower your mortgage payment

Appeal your tax assessment in Maricopa County

It's possible you're paying too much in property taxes if you live 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 area, you can challenge your assessment and save money. An appraisal from Northern Arizona Appraisal, Inc. is your best evidence when building your case. At Northern Arizona Appraisal, Inc., we're capable of assisting you in challenging your tax assessment.

Eliminating PMI for mortgage payments

Private Mortgage Insurance, or PMI, is an added insurance plan that almost all lenders ask home owners to purchase when the amount being loaned to the buyer is more than 80% of the actual value of the real estate. More often than not, this extra payment is folded into the monthly mortgage payment and is promptly forgotten. PMI isn't necessary when the remainder of the loan - whether through market appreciation or principal pay down - dips below the 80% mark, making this very unfortunate. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to eliminate the PMI installments when the loan-to-value ratio conditions have been met.

If you'd like to eliminate PMI, Northern Arizona Appraisal, Inc. will provide you with a statement regarding the value of your home. The cost of the home valuation can usually be regained in little time because you'll no longer be paying the PMI.

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Divorce settlement with less stress

A divorce is often complicated by the strenuous decision of who maintains the house, and it can be a particularly horrible experience for both parties. It's a good idea to get an appraisal from Northern Arizona Appraisal, Inc. so both parties are completely aware of the true market value of their home, regardless of the situation.

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

Accurate and fair 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 residential property involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the fullest degree of discretion.

Most Americans do not have dedicated estate planners or executors to manage these matters, unlike wealthier individuals. A home or other property often makes up an unequal share of the total estate value, so understanding the true value of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've gotten an honest deal.

Relocate to or from Maricopa County for work

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. During our thorough inspection, we suggest relocating employees to provide feedback on the positive aspects of their property, as well as information about any recent sales or listings in their neighborhood that they want considered.

Sell your home promptly — for the right price

Whether you decide to sell your home on your own or use the assistance of a real estate agent, a professional appraisal will help you make a more informed decision regarding your asking price. Apart from a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees aren't a percentage of the sales price, but rather they depend on our efforts to finish the appraisal report.

On a daily basis, we determine the difference in value things like an extra bathroom or a kitchen remodel can make. 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, because we're experts in knowing how long homes stay on the market.

Let Northern Arizona Appraisal, Inc. help you sell your home quickly at the right price