Getting an appraisal from Mike Sherfey Appraisals, LLCTo a lot of us, an appraisal is simply one more thing on the settlement sheet for a mortgage or refinance. The majority of lenders still need a local expert because the stakes are so high, even though there are a multiplying number of automated home valuation methods that might seem less expensive than an appraisal. You might think that getting a mortgage is the only reason you should get an appraisal, but there are other cases when the services of a certified, independent real estate professional might be helpful.
Dispute your tax assessment in Page CountyIt's probable you're paying too much in property taxes if you live in an area where property values have declined. Ad Valorem taxes are determined by a past assessment of your house, so if prices are less than what they used to be in your neighborhood, you can challenge your assessment and save money. An appraisal from Mike Sherfey Appraisals, LLC is your best evidence when building your case. At Mike Sherfey Appraisals, LLC, we're capable of assisting you in appealing your tax assessment.
How can you eliminate PMI to lower your mortgage payment?Private Mortgage Insurance, or PMI, is an additional insurance plan that nearly all lenders ask buyers to purchase when the amount being loaned to the buyer is more than 80% of the actual value of the home. Most often, this extra payment is folded into the monthly mortgage payment and is soon forgotten. This is unfavorable because PMI isn't necessary when the remaining balance of the loan - whether through market appreciation or principal pay down - goes below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress that requires lenders to do away with the PMI payments on most mortgages when the balance is paid down to 78% of the original value.
Mike Sherfey Appraisals, LLC can produce a statement regarding the value of your home, and the price you paid for the appraisal can often be offset in a short amount of time because you'll no longer be paying the PMI.
Settling a divorce with less stressA divorce is a particularly traumatic ordeal for the parties involved, and it is often more complicated by the strenuous decision of who maintains the property. It's a good idea to get an appraisal from Mike Sherfey Appraisals, LLC so both parties are completely aware of the true market value of their home, regardless of the circumstances.
The parties will have a better idea of what price to set, if they wish to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair assessment.
Accurate and fair estate liquidationThe loss 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 real estate involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the highest degree of discretion.
Unlike wealthy individuals, most Americans don't have dedicated estate planners or executors to manage these matters. A home or other property often makes up a disproportionate share of the total estate value, so understanding the true value of the real estate at hand is of significant importance to ensuring disputing parties leave knowing they've received a fair deal.
Let Mike Sherfey Appraisals, LLC assist you in relocating to or from Page CountyWe are aware of the stress involved with an employee relocation. That's why we take great care in organizing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive characteristics of their property, as well as information about any current sales or listings in their neighborhood that they want considered during our thorough process.
Let Mike Sherfey Appraisals, LLC assist you in selling your home quickly at the right priceWhether you choose 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 when determining your asking price. An appraiser has no vested interest in what price the house sells for, unlike real estate agents. Our fees are derived from our efforts to complete the appraisal report and and aren't related to the sales price.
We determine the difference in value things like an additional bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long homes stay on the market. So, obtaining a professional appraisal is a reliable way to determine 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 for an extended amount of time.