Reasons to order an appraisal

Each year, thousands of people in Puerto Rico purchase, sell or refinance their home. A lot of these transactions have a simple line item for an appraisal. Nearly all lenders still call in a local expert because the stakes are so high, even though there are a growing number of automated home valuation systems that may appear to be more practical than an appraisal. You might believe that getting a mortgage is the only reason to get an appraisal, but there are additional cases when the services of a certified, independent real estate professional could be helpful.

Let Appraisal Consulting Group PSC help you lower your mortgage payment

Contest your tax assessment

It's possible you're paying too much in property taxes if you reside in an area where property values have depreciated. Property taxes are based upon a past assessment of your real estate, so if values are less than what they used to be in your neighborhood, you can challenge your assessment and save money. An appraisal from Appraisal Consulting Group PSC is your best evidence when building your case. We can assist you in challenging your tax assessment.

Getting rid of your PMI for mortgage payments

Private Mortgage Insurance, or PMI, is an added insurance plan that nearly all lenders ask buyers to purchase when the amount being loaned to the homeowner 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 unfortunate because PMI is no longer required when the leftover balance of the loan - whether through market appreciation or principal pay down - dips below the 80% level. 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 get rid of PMI, Appraisal Consulting Group PSC can provide you with a statement regarding the value of your home. The expense of the home valuation can often be offset in a short amount of time because you'll no longer be paying the PMI.

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Divorce settlement with fewer hang-ups

A divorce can be an especially horrible ordeal for both parties, and it is often even more complicated by the difficult decision of who keeps the property. It's a good idea to order an appraisal from Appraisal Consulting Group PSC so both parties are entirely aware of the true market value of their house, regardless of the circumstances.

The parties will have a clearer picture of what price to set, if they need to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair assessment.

Determine an accurate and fair valuation for 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. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the utmost degree of discretion.

Unlike many wealthy individuals, most Americans do not have dedicated estate planners or executors to take care of these matters. And since a home or other property often makes up a disproportionate share of the total estate value, knowing the true value of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've received a fair deal.

Relocate to or from Carolina County through an employee relocation program

We understand the headaches associated with an employee relocation. That being said, we take great care in establishing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive features of their property, along with information about any current sales or listings in their neighborhood that they want considered during our detailed 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 aren't a percentage of the sales price, but rather they rest on our efforts to complete the appraisal report.

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 propertiesare on the market. So, seeking a professional appraisal is a trusted way to determine 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.

Let Appraisal Consulting Group PSC assist you in selling your home quickly at the right price