Why you should order an appraisal from Mid-Ohio Appraisal Services

Year after year, thousands of people in Ohio purchase, sell or refinance their home. Most of these transactions involve a simple line item for an appraisal. Even though there are a budding number of automated home valuation systems that might appear to be more practical than an appraisal, almost all lenders still want a local expert because the stakes are incredibly high. You might assume that getting a mortgage is the only reason to get an appraisal, but there are additional situations when the services of a licensed, independent real estate professional could be beneficial.

Let Mid-Ohio Appraisal Services assist you in lowering your mortgage payment

Appeal your tax assessment in Franklin County

It's quite possible you're paying too much in property taxes if you reside in an area where property values have depreciated. Property taxes are determined by a previous assessment of your house, so if values have declined in your neighborhood, you can challenge your assessment and save money. When building your case, an appraisal from us is your best evidence. We're capable of assisting you in appealing your tax assessment.

PMI removal to reduce your mortgage payment

Private Mortgage Insurance, or PMI, is an extra insurance plan that almost all lenders ask home owners to purchase when the amount being loaned to the home owner is more than 80% of the actual value of the home. Seeing that extra payment is usually bundled into the monthly mortgage payment, it is often forgotten. PMI is no longer required when the remaining balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% level, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was invoked by the United States Congress that requires lenders to remove the PMI installments when the loan-to-value ratio conditions have been met.

If you'd like to eliminate PMI, Mid-Ohio Appraisal Services will give you a statement regarding the value of your home. The cost of the home valuation can usually be regained in little time because you'll no longer be paying the PMI.

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Divorce settlement with less stress

A divorce is an especially daunting ordeal for the parties involved, and it is often even more complicated by the difficult decision of who maintains the home. Regardless of the circumstances, it's a good idea to get an appraisal from Mid-Ohio Appraisal Services so both parties are completely aware of the true market value of their home.

The parties will have a clearer picture 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 assessment.

Determine an accurate and fair valuation for estate liquidation

Losing a loved one is a painful time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Fair Market Value for the real estate involved. We ensure the highest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).

Unlike wealthy individuals, most Americans do not have dedicated estate planners or executors to manage these affairs. A home or other property often makes up a disproportionate share of the total estate value, so knowing the true worth of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've gotten a fair deal.

Move to or from Franklin County for work

Employee relocation is a stressful event, and we understand. That being said, we take great care in organizing an accommodating appointment time for the appraisal inspection. During our detailed inspection, we encourage relocating employees to provide remarks on the positive characteristics of their property, as well as information about any current sales or listings in their neighborhood that they want considered.

Close on your home quickly — for the right price

Whether you decide to sell your home on your own or with the help of a real estate agent, a professional appraisal can help you make a better educated decision regarding your selling price. An appraiser has no vested interest in what amount the house sells for, unlike real estate agents. Our fees aren't related to the sales price, but rather they rest on our efforts to finish the appraisal report.

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 housesare on the market. So, 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.

Let Mid-Ohio Appraisal Services help you sell your home quickly at the right price