6 Reasons to consider an appraisal from DANIEL I KANDEL
Each year, thousands of people in Florida buy, sell or refinance their home. Many of these transactions involve a simple line item for an appraisal. And even though there are a growing number of automated home valuation methods that might seem more cost-effective than an appraisal, nearly all lenders still need a local expert because the stakes are so high. Is obtaining a mortgage the only reason you should get an appraisal? Are there more times when the services of a licensed, independent real estate professional might be helpful? You bet.
Appeal your tax assessment in Broward County
It's probable you're paying too much in property taxes if you reside in an area where property values have depreciated. Ad Valorem taxes are determined by a previous assessment of your home, so if prices have declined in your area, you can appeal 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 capable of assisting you in challenging your tax assessment.
PMI removal to lower a mortgage payment
Private Mortgage Insurance, or PMI, is a supplemental insurance plan that many lenders ask home owners to buy when the amount being loaned to the homeowner is more than 80% of the actual value of the property. This additional payment is often folded into the monthly mortgage payment and is soon forgotten. This is bad because PMI isn't necessary when the remaining balance of the loan - whether through market appreciation or principal pay down - falls below the 80% level. 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 give you a statement regarding the value of your home, and the cost of the appraisal can generally 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 home, and it can be a particularly daunting experience for both parties. 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 home, regardless of the situation.
The parties will have a clearer picture 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 received a fair assessment.
Ascertain an accurate and fair valuation for estate liquidation
The death of 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. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the utmost degree of discretion.
Unlike wealthier individuals, most Americans don't have dedicated estate planners or executors to handle these affairs. 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 walk away knowing they've gotten an honest deal.
Relocate to or from Broward County through an employee relocation program
We understand the headaches associated with an employee relocation. That being said, we take great care in organizing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive aspects of their property, along with information regarding any current sales or listings in their area that they want considered during our detailed inspection.
Sell your home quickly — at an accurate price
Whether you want to sell your home on your own or use the assistance of a real estate agent, a professional appraisal will help you make a better educated decision when determining your selling price. An appraiser has no vested interest in what price the house sells for, apart from real estate agents. Our fees aren't a percentage of the sales price, but rather they are based on our efforts to complete the appraisal report.
We examine the difference in value things like an extra bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long homesare on the market. So, obtaining a professional appraisal is a trusted way to determine what improvements will add value and what an applicable sales price is for your home so you don't come up short or have your house on the market an unnecessarily long time.