Woodlee Appraisal Service in Russellville are called upon for diverse clientsThousands of people in Kentucky buy, sell or refinance their home every month. Many of these transactions have a simple line item for an appraisal. And even though there are a budding number of automated home valuation systems that may seem less expensive than an appraisal, practically all lenders still want a local expert because the stakes are very high. But is securing a mortgage the only reason to get an appraisal? Are there additional cases when the services of a certified, independent real estate professional could be beneficial? You bet.
Dispute your tax assessment in Logan CountyIt's possible you're paying too much in property taxes if you live in an area where property values have declined. Ad Valorem taxes are based upon a previous assessment of your home, so if values have gone down in your area, you can challenge your assessment and save money. When building your case, an appraisal from Woodlee Appraisal Service is your best evidence. We're qualified to assist you in challenging your tax assessment.
Let Woodlee Appraisal Service help you get rid of PMI to lower your mortgage paymentWhen the amount being loaned to the homebuyer is more than 80% of the actual value of the real estate, many lenders ask homebuyers to buy an additional insurance policy. That policy is Private Mortgage Insurance, or PMI. More often than not, this extra payment is lumped into the monthly mortgage payment and is quickly forgotten. This is unfortunate because PMI is no longer required when the leftover balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% level. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to dismiss the PMI payments when the loan-to-value ratio conditions have been met.
Woodlee Appraisal Service can provide you with a statement regarding the value of your home, and the expense of the home valuation can usually be offset in a short amount of time because you'll no longer be paying the PMI.
Divorce settlement with less stressA divorce is often complicated by the difficult decision of who gets the home, and it can be an especially heartbreaking occurrence for both parties. So both parties are completely aware of the true market value of their property, it's a good idea to order an appraisal from Woodlee Appraisal Service, regardless of the situation.
The parties will have a better idea of what price to set, if they need to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.
Accurate and fair estate liquidation with help from Woodlee Appraisal ServiceSettling an estateLosing a loved one is a hard 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. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the utmost degree of discretion.
Most Americans do not have dedicated estate planners or executors to manage these matters, unlike wealthier individuals. And seeing that a home or other property often makes up an uneven share of the total estate value, 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.
Relocating to or from Logan CountyWe are familiar with the headaches associated with an employee relocation. 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 characteristics of their property, along with information regarding any new sales or listings in their neighborhood that they want considered during our detailed process.
Sell your home quickly at the right price with an appraisal from Woodlee Appraisal ServiceWhether you want to sell your home on your own or with the help of a real estate agent, a professional appraisal can help you make a more informed decision regarding your selling price. An appraiser has no vested interest in what amount the house sells for, unlike real estate agents. Our fees are based 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 things like an additional bathroom or a kitchen remodel can make. Obtaining a professional appraisal is a trusted 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 an unnecessarily long time - because we're experts in knowing how long properties are one the market.