Why you should hire an appraiserThousands of people in Kentucky purchase, sell or refinance their home each month. A lot of these transactions include a simple line item for an appraisal. Even though there are an increasing number of automated home valuation processes that might appear more cost-effective than an appraisal, practically all lenders still need a local expert because the stakes are incredibly high. You might assume that securing a mortgage is the only reason to acquire an appraisal, but there are other times when the services of a certified, independent real estate professional might come in handy. 
Challenge your tax assessment in Fayette CountyIf you reside in an area where property values have depreciated, it's possible you're paying too much in property taxes. An appraisal from Abbott Appraisal LLC is your best evidence when building your case. At Abbott Appraisal LLC, we're equipped to assist you in challenging your tax assessment. PMI removal to reduce your mortgage paymentWhen the amount being loaned to the buyeris more than 80% of the actual value of the home, many lenders ask buyers to take out 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. This is bad because PMI isn't required when the remainder of the loan - whether through market appreciation or principal pay down - dips below the 80% mark. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to remove the PMI installments when the loan-to-value ratio conditions have been met. If you'd like to eliminate PMI, Abbott Appraisal LLC will give you a statement regarding the value of your home. The expense of the home valuation can generally be regained in just a few months because you'll no longer be paying the PMI. Order your appraisal from Abbott Appraisal LLC today Order todayDivorce settlement with less stressA divorce is a particularly daunting experience for the parties involved, and it is often even more complicated by the challenging decision of who gets the house. 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 received a fair assessment. Determine an accurate and fair valuation for estate liquidationLosing 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 real estate involved. We guarantee the highest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP). Unlike wealthier individuals, most Americans do not have dedicated estate planners or executors to manage these matters. 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 Fayette County for workEmployee relocation is 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 features of their property, along with information regarding any new sales or listings in their area that they want considered during our thorough inspection. Sell 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 will help you make a better educated 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 calculated on our efforts to finish the appraisal report and and aren't related to the sales price. We analyze 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, seeking a professional appraisal is a reliable way to decide 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. 
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