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

Every year, thousands of people in Ohio buy, sell or refinance their home. Many of these transactions contain a simple line item for an appraisal. Almost all lenders still need a local expert because the stakes are very high, even though there are a multiplying number of automated home valuation methods that may seem more economical than an appraisal. Is obtaining a mortgage the only reason you should get an appraisal? Are there also instances when the services of a certified, independent real estate professional might be helpful? You bet there are.

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

Contest your tax assessment in Franklin County

If you are in an area where property values have depreciated, 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. We can assist you in challenging your tax assessment.

Remove PMI to lower your mortgage payment

When the amount being loaned to the homeowneris more than 80% of the actual value of the real estate, almost all lenders ask buyers to purchase this supplemental insurance plan. That policy is Private Mortgage Insurance, or PMI. Seeing that additional payment is usually lumped into the monthly mortgage payment, it is often forgotten. PMI isn't necessary when the leftover balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark, making this very unfavorable. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to dismiss the PMI payments when the loan-to-value ratio conditions have been met.

If you'd like to do away with PMI, Mid-Ohio Appraisal Services will give you a statement regarding the value of your home. The price you paid for the home valuation can generally be recovered in a short amount of time because you'll no longer be paying the PMI.

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Settle a divorce with less stress

A divorce can be a very horrible experience for both parties, and it is often more complicated by the challenging decision of who maintains the home. It's a good idea to get an appraisal from Mid-Ohio Appraisal Services so both parties are fully aware of the true market value of their property, regardless of the circumstances.

If the parties wish to sell the home, they'll have a a good idea of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.

Fair and accurate estate liquidation

The death of 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 residential property involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the fullest degree of discretion.

Most Americans do not have dedicated estate planners or executors to handle these matters, unlike wealthy individuals. And seeing that a home or other property often makes up an unequal share of the total estate value, understanding the true worth of the real estate at hand is of significant importance to ensuring disputing parties leave knowing they've gotten an honest deal.

Move to or from Franklin County through an employee relocation program

We know the headaches associated with an employee relocation. That being said, we take great care in organizing an accommodating appointment time for the appraisal inspection. During our intensive inspection, we suggest relocating employees to provide remarks on the positive characteristics of their property, as well as information regarding any current sales or listings in their area that they want considered.

Close on your home quickly — for the right price

A professional appraisal will help you make a more informed decision when determining your asking price, whether you decide to sell your home on your own or with the help of a real estate agent. Apart from a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees aren't a percentage of the sales price, but rather they depend on our efforts to finish the appraisal report.

On a daily basis, we determine the difference in value items like an extra bathroom or a kitchen remodel can make. Seeking a professional appraisal is a reliable 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, because we're experts in knowing how long homes stay on the market.

Let Mid-Ohio Appraisal Services assist you in selling your home quickly at the right price