Reasons to order an appraisal from Abbott Appraisal LLCTo many, an appraisal just looks like a line item on the break-sheet for a home sale or refinance. Most 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 might appear to be less expensive than an appraisal. You might think that securing a mortgage is the only reason you should get an appraisal, but there are more situations when the services of a licensed, independent real estate professional could be beneficial. 
Appeal your tax assessmentIf you live in an area where the property value has depreciated, it's possible you're paying too much in property taxes. When building your case, an appraisal from us is your best evidence. We're equipped to assist you in challenging your tax assessment. PMI removal to reduce a mortgage paymentWhen the amount being loaned to the home buyeris more than 80% of the actual value of the property, most lenders ask buyers to take out this added insurance plan. That policy is Private Mortgage Insurance, or PMI. More often than not, this additional payment is bundled into the monthly mortgage payment and is quickly forgotten. PMI is unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% level, making this very unfortunate. In fact, the Homeowners Protection Act (HPA) of 1998 was invoked by the United States Congress requiring lenders to dismiss the PMI installments when the loan-to-value ratio conditions have been met. Abbott Appraisal LLC will produce a statement regarding the value of your home, and 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. Order your appraisal from Abbott Appraisal LLC today Order todayDivorce settlement with fewer hang-upsA divorce can be an especially horrible ordeal for both parties, and it is often further complicated by the difficult decision of who maintains the home. It's a good idea to order an appraisal from Abbott Appraisal LLC so both parties are completely aware of the true market value of their home, regardless of the circumstances. The parties will have a clearer picture of what price to set, if they need 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. Determine an accurate and fair valuation for estate liquidationLosing a loved one is a difficult 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. We ensure the highest 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 affairs, unlike wealthy individuals. And seeing that a home or other property often makes up an unequal share of the total estate value, knowing the true worth 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 Fayette County through an employee relocation programWe are familiar with the headaches involved with an employee relocation. That being said, we take great care in setting up a convenient appointment time for the appraisal inspection. During our detailed inspection, we suggest relocating employees to provide input on the positive aspects of their property, along with information regarding any recent sales or listings in their area that they want considered. Close on your home promptly — at an accurate priceWhether you choose to sell your home on your own or use the assistance of a real estate agent, a professional appraisal will help you make a more informed decision regarding your selling price. An appraiser has no vested interest in what amount the house sells for, apart from real estate agents. Our fees are based on our efforts to complete the appraisal report and not a percentage of the sales price. On a daily basis, we analyze the difference in value things like an extra bathroom or a kitchen remodel can make. Obtaining a professional appraisal is a trusted way to decide what improvements will add value and what a suitable 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. 
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