6 Reasons to choose an appraisal from Alaska Real Estate Appraisal

Each year, thousands of people in Alaska purchase, sell or refinance their home. A lot of these transactions contain a simple line item for an appraisal. Nearly all lenders still call in a local expert because the stakes are very high, even though there are an increasing number of automated home valuation methods that might appear cheaper than an appraisal. Is getting a mortgage the only reason to acquire an appraisal? Are there also cases when the services of a certified, independent real estate professional might come in handy? Absolutely.

Let Alaska Real Estate Appraisal help you lower your mortgage payment

Appeal your tax assessment in Matanuska Susitna County

It's quite possible you're paying too much in property taxes if you live in an area where property values have depreciated. Property taxes are determined by a past assessment of your house, so if prices are less than what they used to be in your area, you can appeal your assessment and save money. When building your case, an appraisal from us is your best evidence. We can assist you in appealing your tax assessment.

PMI removal to reduce a mortgage payment

When the amount being loaned to the home owneris more than 80% of the actual value of the property, almost all lenders ask homeowners to purchase this additional insurance plan. That policy is Private Mortgage Insurance, or PMI. Very often, this additional payment is lumped into the monthly mortgage payment and is quickly forgotten. PMI is no longer required when the remaining balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% level, making this very unfortunate. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress that requires lenders to remove the PMI installments when the loan-to-value ratio conditions have been met.

If you'd like to do away with PMI, Alaska Real Estate Appraisal will produce a statement regarding the value of your home. The price you paid for the appraisal can generally be recovered in little time because you'll no longer be paying the PMI.

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Get a fair valuation on a home take make a divorce settlement less stressful

A divorce is often complicated by the burdensome decision of who keeps the house, and it can be a very daunting event for both parties. Regardless of the circumstances, it's a good idea to get an appraisal from Alaska Real Estate Appraisal so both parties are fully aware of the true market value of their house.

If the parties want 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 received a fair evaluation.

Ascertain an accurate and fair valuation for estate liquidation

The loss of a loved one is a hard 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. We guarantee the utmost degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).

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

Move to or from Matanuska Susitna County for work

We know the stress involved with an employee relocation. That's why we take great care in establishing an accommodating appointment time for the appraisal inspection. During our detailed inspection, we encourage relocating employees to provide input on the positive attributes of their property, along with information regarding any current sales or listings in their neighborhood that they want considered.

Sell your home quickly — at an accurate price

A professional appraisal will help you make a better educated decision when determining your asking price, whether you want to sell your home on your own or with the help of a real estate agent. Apart from a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees aren't a percentage of the sales price, but rather they rest on our efforts to complete the appraisal report.

On a daily basis, we determine the difference in value things like an extra bathroom or a kitchen remodel can make. Seeking 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 houses stay on the market.

Let Alaska Real Estate Appraisal help you sell your home quickly at the right price