Reasons someone would call MaxAppraisals, LLCYear after year, thousands of people in Virginia buy, sell or refinance their home. Most of these transactions include a simple line item for an appraisal. While there are a multiplying number of automated home valuation methods that might appear less expensive than an appraisal, the majority of lenders still want a local expert because the stakes are incredibly high. But is securing a mortgage the only reason you should get an appraisal? Are there other situations when the services of a licensed, independent real estate professional might be beneficial? Absolutely.
Let MaxAppraisals, LLC help you challenge your tax assessment in Richmond City CountyIt's possible you're paying too much in property taxes if you live in an area where property values have depreciated. Property taxes are based upon a previous assessment of your home, so if prices are less than what they used to be in your area, you can challenge your assessment and save money. An appraisal from MaxAppraisals, LLC is your best evidence when building your case. At MaxAppraisals, LLC,we can assist you in appealing your tax assessment.
Let MaxAppraisals, LLC help you eliminate PMI to lower your mortgage paymentWhen the amount being loaned to the home buyer is more than 80% of the actual value of the property, almost all lenders ask home owners to purchase an extra insurance policy. That policy is Private Mortgage Insurance, or PMI. This added payment is often folded into the monthly mortgage payment and is soon forgotten. PMI is no longer required when the leftover balance of the loan - whether through market appreciation or principal pay down - dips below the 80% level, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented 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 get rid of PMI, MaxAppraisals, LLC will produce a statement regarding the value of your home. The cost of the appraisal can usually be regained in little time because you'll no longer be paying the PMI.
Settling a divorce with less stressA divorce is a very heartbreaking event for the parties involved, and it is often further complicated by the troublesome decision of who keeps the property. So both parties are entirely aware of the true market value of their house, it's a good idea to order an appraisal from MaxAppraisals, LLC, regardless of the circumstances.
If the parties need 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.
Settling an estate with peace of mindThe loss of a loved one is a difficult time in life, and settling an estate from a death, or probate, often calls for an appraisal to establish Market Value for the residential property involved. We ensure the maximum 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 manage these issues, unlike wealthier individuals. And since a home or other property often makes up an unequal share of the total estate value, knowing the certain value of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've gotten a fair deal.
MaxAppraisals, LLC can assist you in relocating to or from Richmond City CountyEmployee relocation is a real pain. We know where you're coming from. We take great care in organizing a convenient appointment time for the appraisal inspection. During our detailed process, we recommend employees that are moving to provide input on the positive aspects of their property, as well as information about any current sales or listings in their area that they want considered.
Don't sell out for too little or let your home stay on the market too long.Whether you decide to sell your home on your own or with the help of a real estate agent, a professional appraisal will help you make a more informed decision when determining your asking price. With much different interests than a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees depend on our efforts to finish the appraisal report and not a percentage of the sales price.
We examine 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 are on the market. So, seeking 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 too long, costing you hassle and money.