Reasons to order an appraisal from Alaska Real Estate Appraisal

To a lot of us, an appraisal just looks like a line item on the settlement sheet for a mortgage or refinance. The majority of lenders still need a local expert because the stakes are incredibly high, even though there are a budding number of automated home valuation systems that may appear to be more economical than an appraisal. You might think that obtaining a mortgage is the only reason to acquire an appraisal, but there are additional situations when the services of a licensed, independent real estate professional could come in handy.

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Dispute your tax assessment in Matanuska Susitna County

If you are in an area where the value of property has declined, it's possible you're paying too much in property taxes. An appraisal from Alaska Real Estate Appraisal is your best evidence when building your case. We can assist you in appealing your tax assessment.

Get rid of PMI to lower your mortgage payment

Private Mortgage Insurance, or PMI, is a supplemental insurance plan that nearly all lenders ask buyers to purchase when the amount being loaned to the home buyer is more than 80% of the actual value of the real estate. Most often, this additional payment is lumped into the monthly mortgage payment and is quickly forgotten. PMI is unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - falls below the 80% mark, making this very unfortunate. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to do away with the PMI installments when the loan-to-value ratio conditions have been met.

Alaska Real Estate Appraisal can give you a statement regarding the value of your home, and the cost of the home valuation can often be recovered in little time because you'll no longer be paying the PMI.

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Divorce settlement with fewer hang-ups

A divorce is often complicated by the burdensome decision of who maintains the property, and it can be an especially horrible experience for both parties. Regardless of the circumstances, it's a good idea to order an appraisal from Alaska Real Estate Appraisal so both parties are entirely aware of the true market value of their property.

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

Fair and accurate estate liquidation

Losing a loved one is a painful time in life, and settling an estate from a death, or probate, often calls for an appraisal to establish Fair Market Value for the real estate involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the utmost degree of discretion.

Most Americans do not have dedicated estate planners or executors to handle these issues, unlike many wealthy individuals. And since a home or other property often makes up a disproportionate share of the total estate value, knowing the true value of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've gotten an honest deal.

Relocate to or from Matanuska Susitna County through an employee relocation program

We know the stress involved with an employee relocation. That's why we take great care in setting up a convenient appointment time for the appraisal inspection. During our intensive inspection, we recommend relocating employees to provide input on the positive features of their property, along with information regarding any new sales or listings in their neighborhood that they want considered.

Sell your home quickly — for an accurate price

A professional appraisal will help you make a more informed decision regarding your selling price, whether you decide to sell your home on your own or use the assistance of a real estate agent. Unlike 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 complete the appraisal report and and aren't related to the sales price.

On a daily basis, we examine the difference in value items like an additional bathroom or a kitchen remodel can make. And we're experts in knowing how long propertiesstay on the market. So, obtaining a professional appraisal is a trusted way to decide what improvements will add value and what an applicable sales price is for your home so you don't come up short or have your house on the market an unnecessarily long time.

Let Alaska Real Estate Appraisal assist you in selling your home quickly at the right price