Reasons someone would hire THE APPRAISAL SHOP

Thousands of people in Mississippi purchase, sell or refinance their home each year. Many of these transactions consist of a simple line item for an appraisal. While there are a growing number of automated home valuation methods that might appear more economical than an appraisal, almost all lenders still need a local expert because the stakes are very high. But is getting a mortgage the only reason you should get an appraisal? Are there also times when the services of a certified, independent real estate professional could be helpful? You bet.

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Let THE APPRAISAL SHOP help you dispute your tax assessment in Harrison County

It's probable you're paying too much in property taxes if you reside in an area where property values have declined. Ad Valorem taxes are determined by a past assessment of your home, so if values are less than what they used to be in your area, you can challenge your assessment and save money. When building your case, an appraisal from THE APPRAISAL SHOP is your best evidence. We're equipped to assist you in appealing your tax assessment.

Getting rid of your PMI will lower your mortgage payment

When the amount being loaned to the home buyer is more than 80% of the actual value of the property, most lenders ask homebuyers to purchase an supplemental insurance plan. That policy is Private Mortgage Insurance, or PMI. Very often, this added payment is bundled into the monthly mortgage payment and is promptly forgotten. PMI is no longer required when the remaining balance of the loan - whether through market appreciation or principal pay down - falls below the 80% mark, making this very unfortunate. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress that requires lenders to eliminate the PMI installments on most mortgages when the balance is paid down to 78% of the original value.

THE APPRAISAL SHOP will produce a statement regarding the value of your home, and the expense of the home valuation can usually 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 THE APPRAISAL SHOP

A divorce can be a very traumatic ordeal for both parties, and it is often further complicated by the challenging decision of who keeps the home. Regardless of the circumstances, it's prudent to get an appraisal from THE APPRAISAL SHOP so both parties are entirely aware of the true market value of their home.

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.

Settling an estate with peace of mind

Losing a loved one is a hard time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Market Value for the real estate involved. We ensure the utmost 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 don't have dedicated estate planners or executors to manage these issues. A home or other property often makes up an unequal 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 walk away knowing they've gotten a fair deal.

Let THE APPRAISAL SHOP help you with relocating to or from Harrison County

Employee relocation is a more than just an inconvenience, and we understand. That's why we take great care in organizing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive attributes of their property, as well as information regarding any recent sales or listings in their area that they want considered during our thorough process.

Selling your home quickly at the right price

A professional appraisal can help you make a better educated decision when determining your selling price, whether you want to sell your home on your own or with the help of a real estate agent. An appraiser has no vested interest in what amount the house sells for, unlike real estate agents. The price we charge isn't contingent upon the value opinion we render, but rather they are calculated on our efforts to finish the appraisal.

On a daily basis, we examine the difference in value things like an additional bathroom or a kitchen remodel can make. Getting a professional appraisal is a trusted way to decide what improvements will add value and what an appropriate 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 properties stay on the market.