Reasons to order an appraisal from DANIEL I KANDEL
To many, an appraisal just looks like another fee on the settlement sheet for a home purchase or refinance. While there are a multiplying number of automated home valuation methods that may appear to be cheaper than an appraisal, most lenders still call for a local expert because the stakes are very high. You might assume that obtaining a mortgage is the only basis for getting an appraisal, but there are more cases when the services of a certified, independent real estate professional could come in handy.
Contest your tax assessment
It's possible you're paying too much in property taxes if you live in an area where property values have declined. Property taxes are determined by a previous assessment of your real estate, so if values are less than what they used to be in your neighborhood, you can challenge your assessment and save money. An appraisal from DANIEL I KANDEL is your best evidence when building your case. We're qualified to assist you in challenging your tax assessment.
Getting rid of your PMI for mortgage payments
When the amount being loaned to the homebuyeris more than 80% of the actual value of the home, almost all lenders ask homeowners to buy this supplemental insurance policy. That policy is Private Mortgage Insurance, or PMI. This added payment is often folded into the monthly mortgage payment and is quickly forgotten. This is bad because PMI is no longer required 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 get rid of PMI, DANIEL I KANDEL will produce a statement regarding the value of your home. The cost of the home valuation can generally be offset in little time because you'll no longer be paying the PMI.
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Settle a divorce with fewer hang-ups
A divorce can be an especially horrible ordeal for both parties, and it is often further complicated by the troublesome decision of who gets the home. So both parties are fully aware of the true market value of their home, it's a good idea to get an appraisal from DANIEL I KANDEL, regardless of the situation.
The parties will have a good idea of what price to set, if they wish to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.
Ascertain an accurate and fair valuation for estate liquidation
Losing 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 Fair 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 take care of these issues. A home or other property often makes up an unequal share of the total estate value, so understanding the true value of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've received an honest deal.
Move to or from Broward County for work
We are aware of the headaches involved with an employee relocation. That's why we take great care in establishing an accommodating appointment time for the appraisal inspection. During our detailed inspection, we recommend relocating employees to provide remarks on the positive aspects of their property, along with information regarding any current sales or listings in their area that they want considered.
Close on your home promptly — at the right price
A professional appraisal will help you make a better educated decision when determining your asking price, whether you decide to sell your home on your own or use the assistance of a real estate agent. Unlike a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees are calculated on our efforts to finish the appraisal report and and aren't related to the sales price.
On a daily basis, we determine the difference in value things like an extra 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 homes stay on the market.