Why you should get an appraisal from Allen Real Estate Appraisal

Thousands of people in Kentucky purchase, sell or refinance their home each month. A lot of these transactions involve a simple line item for an appraisal. Almost all lenders still need a local expert because the stakes are very high, even though there are a multiplying number of automated home valuation systems that may appear to be more prudent than an appraisal. But is obtaining a mortgage the only reason to get an appraisal? Are there additional instances when the services of a licensed, independent real estate professional might come in handy? Absolutely.


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Let Allen Real Estate Appraisal help you dispute your tax assessment in Fayette County

If you reside in an area where the value of property has declined, it's possible you're paying too much in property taxes. When building your case, an appraisal from Allen Real Estate Appraisal is your best evidence. At Allen Real Estate Appraisal,we can assist you in challenging your tax assessment.

Eliminating PMI will lower your mortgage payment

When the amount being loaned to the homebuyer is more than 80% of the actual value of the property, most lenders ask homebuyers to buy an extra insurance policy. That policy is Private Mortgage Insurance, or PMI. Since the extra payment is usually bundled into the monthly mortgage payment, it is often forgotten. PMI is unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% level, making this very unfavorable. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to eliminate the PMI installments when the loan-to-value ratio conditions have been met.

If you'd like to get rid of PMI, Allen Real Estate Appraisal will give you a statement regarding the value of your home. The expense of the appraisal can generally be offset in a short amount of time because you'll no longer be paying the PMI.

Settling a divorce with less stress with an appraisal from Allen Real Estate Appraisal

A divorce is an especially heartbreaking event for the parties involved, and it is often further complicated by the difficult decision of who gets the property. So both parties are fully aware of the true market value of their property, it's a good idea to get an appraisal from Allen Real Estate Appraisal, regardless of the situation.

If the parties need to sell the home, they'll have a better 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 difficult time in life, and settling an estate from a death, or probate, often calls for an appraisal to establish Market Value for the real estate involved. We guarantee the maximum degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).

Unlike wealthier individuals, most Americans do not have dedicated estate planners or executors to take care of these issues. And seeing that a home or other property often makes up an uneven share of the total estate value, understanding the absolute value of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've received a fair deal.

Let Allen Real Estate Appraisal assist you in relocating to or from Fayette County

We know the headaches involved with an employee relocation. That's why we take great care in setting up an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive attributes of their property, along with information about any recent sales or listings in their neighborhood that they want considered during our detailed process.

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

A professional appraisal will help you make a more informed decision regarding your asking price, whether you choose to sell your home on your own or with the help 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 aren't related to the sales price, but rather they are based on our efforts to complete the appraisal.

We analyze the difference in value items like an additional bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long houses stay on the market. So, getting a professional appraisal is a reliable way to determine 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.