Why you should order an appraisalEach year, thousands of people in Louisiana purchase, sell or refinance their home. Most of these transactions have a simple line item for an appraisal. Nearly all lenders still call in a local expert because the stakes are incredibly high, even though there are a multiplying number of automated home valuation systems that might appear less expensive than an appraisal. You might think that getting a mortgage is the only reason to acquire an appraisal, but there are more situations when the services of a licensed, independent real estate professional might be beneficial.
Let Smith Appraisal Services help you appeal your tax assessment in the New Orleans metropolitan area (6 parishes).If you live in an area where property values have depreciated, it's possible you're paying too much in property taxes. An appraisal from Smith Appraisal Services is your best evidence when building your case. We're equipped to assist you in disputing your tax assessment.
Eliminating PMI will lower your mortgage paymentPrivate Mortgage Insurance, or PMI, is an added insurance plan that most lenders ask home buyers to buy when the amount being loaned to the buyer is more than 80% of the actual value of the home. Since the additional payment is usually bundled into the monthly mortgage payment, it is often forgotten. PMI is unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - dips below the 80% mark, making this very unfavorable. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to remove the PMI installments when the loan-to-value ratio conditions have been met.
If you'd like to do away with PMI, Smith Appraisal Services will give you a statement regarding the value of your home. The expense of the appraisal can usually be offset in little time because you'll no longer be paying the PMI.
Settling a divorce with less stressA divorce can be a particularly daunting ordeal for both parties, and it is often more complicated by the challenging decision of who keeps the property. Regardless of the circumstances, it's a good idea to order an appraisal from Smith Appraisal Services so both parties are fully aware of the true market value of their house.
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 received a fair evaluation.
Accurate and fair estate liquidation with Smith Appraisal Services settling an estateThe death of a loved one is a painful time in life, and settling an estate from a death, or probate, often requires an appraisal to establish Market Value for the residential property involved. We guarantee the maximum 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 wealthier individuals. A home or other property often makes up an uneven share of the total estate value, so understanding the true value of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've received a fair deal.
Relocating to or from the New Orleans metropolitan area (6 parishes)?We are familiar with the stress associated with an employee relocation. That being said, we take great care in establishing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive aspects of their property, as well as information about any new sales or listings in their neighborhood that they want considered during our detailed process.
Let Smith Appraisal Services assist you in selling your home quickly at the right priceWhether 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 more informed decision regarding your selling price. Unlike a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees are derived from our efforts to finish the appraisal report and and aren't related to the sales price.
On a daily basis, we examine the difference in value items like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long houses are on the market. So, seeking a professional appraisal is a reliable 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.