Getting an appraisal from Mid-Ohio Appraisal ServicesThousands of people in Ohio purchase, sell or refinance their home each month. Many of these transactions contain a simple line item for an appraisal. Practically all lenders still want a local expert because the stakes are very high, even though there are a multiplying number of automated home valuation systems that might appear to be cheaper than an appraisal. You might believe that securing a mortgage is the only reason to get an appraisal, but there are other situations when the services of a certified, independent real estate professional might be beneficial.
Challenge your tax assessment in Franklin CountyIf you live in an area where property values have declined, it's possible you're paying too much in property taxes. An appraisal from Mid-Ohio Appraisal Services is your best evidence when building your case. At Mid-Ohio Appraisal Services,we can assist you in disputing your tax assessment.
PMI removal to lower your mortgage paymentWhen the amount being loaned to the buyer is more than 80% of the actual value of the real estate, most lenders ask homebuyers to buy an supplemental insurance plan. That policy is Private Mortgage Insurance, or PMI. Since the additional payment is usually lumped into the monthly mortgage payment, it is often forgotten. This is bad because PMI becomes 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 passed 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, Mid-Ohio Appraisal Services will provide you with a statement regarding the value of your home. The price you paid for the home valuation can often be regained in just a few months because you'll no longer be paying the PMI.
An appraisal from Mid-Ohio Appraisal Services will help you settle a divorce with less stressA divorce is often complicated by the challenging decision of who keeps the property, and it can be a very heartbreaking occurrence for both parties. So both parties are completely aware of the true market value of their house, it's a good idea to get an appraisal from Mid-Ohio Appraisal Services, regardless of the situation.
The parties will have a a good idea of what price to set, if they want to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.
Settling an estate with peace of mindThe loss of 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. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the maximum degree of discretion.
Unlike wealthy individuals, most Americans do not have dedicated estate planners or executors to manage these issues. And since a home or other property often makes up an unequal share of the total estate value, understanding the absolute value of the real estate at hand is of significant importance to ensuring disputing parties leave knowing they've received a fair deal.
Relocating to or from Franklin CountyWe are aware of the headaches involved with an employee relocation. 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 aspects of their property, along with information regarding any new sales or listings in their area that they want considered during our intensive process.
Sell your home quickly at the right price with an appraisal from Mid-Ohio Appraisal ServicesA professional appraisal can help you make a more informed decision when determining your selling price, whether you choose 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, which is different than the interest of real estate agents. The price we charge isn't contingent upon the value we come up with, but rather they are calculated on our efforts to finish the appraisal.
We examine the difference in value things like an additional bathroom or a kitchen remodel can make on a daily basis. Getting 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 houses stay on the market.