Reasons to order an appraisal
Thousands of people in Alabama purchase, sell or refinance their home every month. A lot of these transactions consist of a simple line item for an appraisal. Practically all lenders still call for a local expert because the stakes are incredibly high, even though there are a multiplying number of automated home valuation processes that may appear to be cheaper than an appraisal. You might believe that securing a mortgage is the only basis for getting an appraisal, but there are additional times when the services of a certified, independent real estate professional might be helpful.
Challenge your tax assessment
It's possible you're paying too much in property taxes if you live in an area where property values have depreciated. Ad Valorem taxes are determined by a past assessment of your real estate, so if values have gone down in your area, you can appeal your assessment and save money. An appraisal from Hixon & Associates, LLC (334) 215-0388 is your best evidence when building your case. At Hixon & Associates, LLC (334) 215-0388, we're qualified to assist you in disputing your tax assessment.
Removing PMI for mortgage payments
When the amount being loaned to the homebuyeris more than 80% of the actual value of the home, many lenders ask homeowners to buy this additional insurance policy. That policy is Private Mortgage Insurance, or PMI. Seeing that additional payment is usually lumped into the monthly mortgage payment, it is often forgotten. This is bad because PMI is unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - falls below the 80% level. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to dismiss the PMI installments when the loan-to-value ratio conditions have been met.
If you'd like to do away with PMI, Hixon & Associates, LLC (334) 215-0388 can produce a statement regarding the value of your home. The expense of the appraisal can often be recovered in little time because you'll no longer be paying the PMI.
Order an appraisal from Hixon & Associates, LLC (334) 215-0388Order today
Get a clear valuation on a home take make a divorce settlement less stressful
A divorce is a very traumatic experience for the parties involved, and it is often more complicated by the burdensome decision of who keeps the house. 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 circumstances.
The parties will have a good idea of what price to set, if they need to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.
Determine a fair and accurate valuation for estate liquidation
The death of a loved one is a painful time in life, and settling an estate from a death, or probate, often requires an appraisal to establish Fair Market Value for the residential property involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the fullest degree of discretion.
Unlike many wealthy individuals, most Americans don't have dedicated estate planners or executors to take care of these matters. And since a home or other property often makes up an unequal share of the total estate value, understanding the true value of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've received an honest deal.
Relocate to or from Montgomery County through an employee relocation program
We know the headaches associated with an employee relocation. We take great care in organizing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive attributes of their property, as well as information about any new sales or listings in their area that they want considered during our detailed inspection.
Close on your home quickly — for an accurate price
A professional appraisal will help you make a better educated decision when determining your selling price, whether you decide to sell your home on your own or use the assistance of a real estate agent. An appraiser has no vested interest in what price the house sells for, unlike real estate agents. Our fees depend on our efforts to finish the appraisal report and not a percentage of the sales price.
On a daily basis, we determine the difference in value things like an additional bathroom or a kitchen remodel can make. And we're experts in knowing how long homesare on the market. So, 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.