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Reasons to get an appraisal

Each year, thousands of people in Florida purchase, sell or refinance their home. Most of these transactions have a simple line item for an appraisal. And even though there are a developing number of automated home valuation processes that may appear to be less expensive than an appraisal, almost all lenders still call in a local expert because the stakes are very high. Is getting a mortgage the only reason you should get an appraisal? Are there other instances when the services of a licensed, independent real estate professional might be beneficial? Of course there are.

Let DANIEL I KANDEL assist you in lowering your mortgage payment

Dispute your tax assessment

It's possible you're paying too much in property taxes if you live in an area where property values have depreciated. Property taxes are determined by a previous assessment of your home, so if prices are less than what they used to be in your neighborhood, you can challenge your assessment and save money. An appraisal from DANIEL I KANDEL is your best evidence when building your case. At DANIEL I KANDEL, we're qualified to assist you in appealing your tax assessment.

PMI removal to reduce a mortgage payment

Private Mortgage Insurance, or PMI, is an added insurance policy that many lenders ask home owners to buy when the amount being loaned to the home owner is more than 80% of the actual value of the real estate. This additional payment is often lumped into the monthly mortgage payment and is quickly forgotten. This is bad because PMI becomes unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - decreases below the 80% level. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to remove the PMI payments when the loan-to-value ratio conditions have been met.

If you'd like to get rid of PMI, DANIEL I KANDEL will provide you with a statement regarding the value of your home. The price you paid for the appraisal can usually be regained in little time because you'll no longer be paying the PMI.

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Get a fair valuation on a home for divorce settlements

A divorce is often complicated by the challenging decision of who keeps the house, and it can be a particularly daunting occurrence for both parties. It's a good idea to get an appraisal from DANIEL I KANDEL so both parties are fully aware of the true market value of their home, regardless of the circumstances.

The parties will have a a good idea 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.

Fair and accurate estate liquidation

Losing a loved one is a painful time in life, and settling an estate from a death, or probate, often requires 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 don't have dedicated estate planners or executors to take care of these issues, unlike wealthy individuals. A home or other property often makes up an unequal share of the total estate value, so knowing the true value of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've gotten an honest deal.

Move to or from Broward County for work

Employee relocation is a stressful event, and we understand. We take great care in establishing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive attributes of their property, as well as information about any new sales or listings in their neighborhood that they want considered during our intensive inspection.

Sell your home promptly — for an accurate price

Whether you decide to sell your home on your own or with the help of a real estate agent, a professional appraisal will help you make a better educated decision when determining your asking price. Unlike a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees rest on our efforts to complete the appraisal report and not a percentage of the sales price.

On a daily basis, we examine the difference in value things like an additional bathroom or a kitchen remodel can make. Obtaining a professional appraisal is a trusted way to decide 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 are one the market.

Let DANIEL I KANDEL help you sell your home quickly at the right price