Reasons to order an appraisal from DANIEL I KANDEL
Year after year, thousands of people in Florida buy, sell or refinance their home. A lot of these transactions have a simple line item for an appraisal. And while there are a multiplying number of automated home valuation systems that might seem more practical than an appraisal, nearly all lenders still want a local expert because the stakes are very high. You might assume that getting a mortgage is the only basis for getting an appraisal, but there are more cases when the services of a licensed, independent real estate professional might come in handy.
Appeal your tax assessment
If you reside in an area where the value of property has depreciated, it's possible you're paying too much in property taxes. When building your case, an appraisal from us is your best evidence. At DANIEL I KANDEL, we're equipped to assist you in disputing your tax assessment.
PMI removal to reduce your mortgage payment
When the amount being loaned to the homebuyeris more than 80% of the actual value of the property, most lenders ask home owners to buy this additional insurance policy. That policy is Private Mortgage Insurance, or PMI. Oftentimes, this added payment is folded into the monthly mortgage payment and is quickly forgotten. This is damaging because PMI isn't necessary when the leftover balance of the loan - whether through market appreciation or principal pay down - goes below the 80% mark. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to dismiss the PMI installments when the loan-to-value ratio conditions have been met.
If you'd like to eliminate PMI, DANIEL I KANDEL can produce a statement regarding the value of your home. The cost of the appraisal can generally be recovered in little time because you'll no longer be paying the PMI.
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Divorce settlement with fewer hang-ups
A divorce is often complicated by the difficult decision of who maintains the home, and it can be an especially horrible event for both parties. Regardless of the circumstances, it's a good idea to order an appraisal from DANIEL I KANDEL so both parties are fully aware of the true market value of their house.
If the parties wish to sell the home, they'll have a better 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.
Accurate and fair estate liquidation
Losing a loved one is a difficult 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. 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).
Most Americans don't have dedicated estate planners or executors to manage these matters, unlike many wealthy individuals. And seeing that a home or other property often makes up a disproportionate share of the total estate value, knowing the true worth of the real estate at hand is of significant importance to ensuring disputing parties leave knowing they've gotten a fair deal.
Relocate to or from Broward County for work
Employee relocation is a stressful event, and we understand. That being said, we take great care in setting up a convenient appointment time for the appraisal inspection. During our detailed inspection, we encourage relocating employees to provide input on the positive attributes of their property, as well as information about any current sales or listings in their area that they want considered.
Close on your home quickly — at an accurate price
A professional appraisal will help you make a better educated decision when determining your selling 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 price the house sells for. Our fees are based on our efforts to finish the appraisal report and not a percentage of the sales price.
We examine the difference in value items like an extra bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long housesare on the market. So, obtaining 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.