Let DANIEL I KANDEL handle your appraisal needs
Thousands of people in Florida buy, sell or refinance their home every year. A lot of these transactions consist of a simple line item for an appraisal. The majority of lenders still want a local expert because the stakes are very high, even though there are an increasing number of automated home valuation processes that might appear more prudent than an appraisal. Is obtaining a mortgage the only reason you should get an appraisal? Are there also cases when the services of a licensed, independent real estate professional might come in handy? Of course.
Challenge your tax assessment
If you are in an area where property values have depreciated, it's possible you're paying too much in property taxes. An appraisal from DANIEL I KANDEL is your best evidence when building your case. We're capable of assisting you in appealing your tax assessment.
Eliminating PMI for mortgage payments
When the amount being loaned to the homebuyeris more than 80% of the actual value of the property, most lenders ask buyers to purchase this added insurance plan. That policy is Private Mortgage Insurance, or PMI. Seeing that additional payment is usually folded into the monthly mortgage payment, it is often forgotten. PMI isn't necessary when the leftover balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% level, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress requiring lenders to do away with 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 expense of the home valuation can usually be regained in a short amount of 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 strenuous decision of who gets the home, and it can be a very traumatic experience for both parties. So both parties are completely aware of the true market value of their house, it's a good idea to get an appraisal from DANIEL I KANDEL, regardless of the situation.
If the parties want to sell the home, they'll have a a good idea of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.
Accurate and fair estate liquidation
Losing a loved one is a hard 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 fullest 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 manage these affairs, unlike wealthier individuals. And seeing that a home or other property often makes up an unequal share of the total estate value, understanding 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.
Relocate to or from Broward County through an employee relocation program
Employee relocation can be a stressful event, and we understand. That being said, we take great care in establishing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive attributes of their property, as well as information about any new sales or listings in their area that they want considered during our intensive inspection.
Sell your home promptly — for the right price
Whether you want to sell your home on your own or with the help of a real estate agent, a professional appraisal can help you make a better educated decision regarding your asking price. An appraiser has no vested interest in what amount the house sells for, apart from real estate agents. Our fees are calculated on our efforts to finish the appraisal report and not a percentage of the sales price.
We determine the difference in value items like an extra bathroom or a kitchen remodel can make on a daily basis. Getting a professional appraisal is a trusted way to decide 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, because we're experts in knowing how long houses stay on the market.