Why you should order an appraisal
Each year, thousands of people in Alabama purchase, sell or refinance their home. A lot of these transactions involve a simple line item for an appraisal. Even though there are a growing number of automated home valuation methods that may appear more economical than an appraisal, almost all lenders still need a local expert because the stakes are so high. You might think that securing a mortgage is the only reason to get an appraisal, but there are additional instances when the services of a certified, independent real estate professional could be helpful.
Contest your tax assessment in Montgomery County
If you are in an area where property values have depreciated, it's possible you're paying too much in property taxes. When building your case, an appraisal from us is your best evidence. At Hixon & Associates, LLC (334) 215-0388, we're capable of assisting you in disputing your tax assessment.
Eliminate PMI to lower your mortgage payment
Private Mortgage Insurance, or PMI, is an additional insurance policy that many lenders ask homeowners to purchase when the amount being loaned to the homebuyer is more than 80% of the actual value of the property. This extra payment is often bundled into the monthly mortgage payment and is promptly forgotten. PMI isn't 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 United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to remove the PMI installments when the loan-to-value ratio conditions have been met.
If you'd like to get rid of PMI, Hixon & Associates, LLC (334) 215-0388 will produce a statement regarding the value of your home. The expense of the home valuation can usually be offset in just a few months because you'll no longer be paying the PMI.
Order an appraisal from Hixon & Associates, LLC (334) 215-0388Order today
Divorce settlement with less stress
A divorce is often complicated by the strenuous decision of who maintains the home, and it can be a very daunting ordeal for both parties. It's a good idea to order an appraisal from Hixon & Associates, LLC (334) 215-0388 so both parties are completely aware of the true market value of their property, regardless of the situation.
If the parties wish 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 evaluation.
Accurate and fair estate liquidation
Losing a loved one is a difficult time in life, and settling an estate from a death, or probate, often requires 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, ensuring the maximum degree of discretion.
Most Americans don't have dedicated estate planners or executors to take care of these affairs, unlike wealthy individuals. A home or other property often makes up an uneven share of the total estate value, so knowing the true worth of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've received an honest deal.
Move to or from Montgomery County through an employee relocation program
We are aware of the stress involved with an employee relocation. That's why we take great care in organizing a convenient appointment time for the appraisal inspection. During our thorough inspection, we encourage relocating employees to provide feedback on the positive attributes of their property, along with information about 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 asking price, whether you decide to sell your home on your own or use the assistance of a real estate agent. Apart from a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees aren't a percentage of the sales price, but rather they rest on our efforts to finish the appraisal report.
We analyze the difference in value items like an additional bathroom or a kitchen remodel can make on a daily basis. Obtaining a professional appraisal is a reliable 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, because we're experts in knowing how long homes are one the market.