Reasons you should order an appraisal from BANDY APPRAISALTo many, an appraisal is simply a line item in the long list of items for a home purchase or refinance. Even though there are an increasing number of automated home valuation methods that may appear more economical than an appraisal, the majority of lenders still call in a local expert because the stakes are very high. You might think that obtaining a mortgage is the only reason you should get an appraisal, but there are other instances when the services of a certified, independent real estate professional could be helpful. 
Dispute your tax assessment in Powell CountyIt's quite 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 home, so if values have declined in your neighborhood, you can appeal your assessment and save money. When building your case, an appraisal from us is your best evidence. At BANDY APPRAISAL, we're equipped to assist you in challenging your tax assessment. Remove PMI to lower your mortgage paymentWhen the amount being loaned to the homeowneris more than 80% of the actual value of the real estate, nearly all lenders ask homeowners to take out this additional insurance policy. That policy is Private Mortgage Insurance, or PMI. Seeing that extra payment is usually folded into the monthly mortgage payment, it is often forgotten. PMI isn't necessary when the remaining balance of the loan - whether through market appreciation or principal pay down - dips below the 80% mark, making this very unfortunate. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to eliminate the PMI installments when the loan-to-value ratio conditions have been met. If you'd like to do away with PMI, BANDY APPRAISAL can provide you with a statement regarding the value of your home. The cost of the appraisal can often be recovered in a short amount of time because you'll no longer be paying the PMI. Get your appraisal from BANDY APPRAISAL Order todayDivorce settlement with fewer hang-upsA divorce is a very daunting experience for the parties involved, and it is often even more complicated by the hard decision of who keeps the property. It's a good idea to order an appraisal from BANDY APPRAISAL so both parties are completely aware of the true market value of their house, regardless of the circumstances. The parties will have a clearer picture of what price to set, if they wish to sell the home. And on the flip side, 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 liquidationLosing a loved one is a painful 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. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the maximum degree of discretion. Most Americans do not have dedicated estate planners or executors to handle these issues, unlike many wealthy individuals. And since 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 vital importance to ensuring disputing parties leave knowing they've gotten a fair deal. Move to or from Powell County through an employee relocation programWe know the stress associated with an employee relocation. That being said, we take great care in setting up an accommodating appointment time for the appraisal inspection. During our thorough inspection, we encourage relocating employees to provide input on the positive attributes of their property, along with information regarding any new sales or listings in their neighborhood that they want considered. Close on your home quickly — at the right priceA professional appraisal can help you make a more informed decision regarding your selling price, whether you choose 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 amount the house sells for. Our fees aren't a percentage of the sales price, but rather they rest on our efforts to finish the appraisal report. We examine the difference in value things like an extra bathroom or a kitchen remodel can make on a daily basis. Seeking a professional appraisal is a reliable way to determine 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. 
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