Why you should get an appraisal
Every year, thousands of people in Florida buy, sell or refinance their home. Most of these transactions contain a simple line item for an appraisal. Most lenders still want a local expert because the stakes are very high, even though there are a developing number of automated home valuation systems that might appear more cost-effective than an appraisal. You might think that securing a mortgage is the only reason you should get an appraisal, but there are more situations when the services of a licensed, independent real estate professional could come in handy.
Contest your tax assessment in Broward County
It's quite possible you're paying too much in property taxes if you reside in an area where property values have declined. Property taxes are based upon a past assessment of your house, so if values have declined in your area, you can appeal your assessment and save money. When building your case, an appraisal from us is your best evidence. At DANIEL I KANDEL, we're equipped to assist you in appealing your tax assessment.
Eliminate PMI to lower your mortgage payment
Private Mortgage Insurance, or PMI, is an extra insurance policy that most lenders ask buyers to buy when the amount being loaned to the home buyer is more than 80% of the actual value of the home. Very often, this added payment is bundled into the monthly mortgage payment and is quickly forgotten. PMI becomes unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - falls below the 80% mark, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress that requires lenders to do away with the PMI installments when the loan-to-value ratio conditions have been met.
DANIEL I KANDEL can produce a statement regarding the value of your home, and the expense of the home valuation can generally be offset in a short amount of time because you'll no longer be paying the PMI.
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Divorce settlement with less stress
A divorce can be a particularly traumatic event for both parties, and it is often even more complicated by the hard decision of who maintains the home. So both parties are entirely aware of the true market value of their house, it's a good idea to order an appraisal from DANIEL I KANDEL, regardless of the circumstances.
The parties will have a good idea of what price to set, if they want to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair assessment.
Fair and accurate estate liquidation
The loss of a loved one is a hard time in life, and settling an estate from a death, or probate, often requires an appraisal to establish Fair Market Value for the residential property 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).
Most Americans do not have dedicated estate planners or executors to handle these issues, unlike many wealthy individuals. A home or other property often makes up an uneven share of the total estate value, so understanding the true worth of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've received a fair deal.
Relocate to or from Broward County through an employee relocation program
We are familiar with the headaches associated with an employee relocation. That being said, we take great care in setting up a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive attributes of their property, along with information regarding any recent sales or listings in their area that they want considered during our detailed inspection.
Close on your home promptly — at the right price
A professional appraisal can 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 aren't a percentage of the sales price, but rather they depend on our efforts to complete the appraisal report.
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 trusted way to determine 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 properties stay on the market.