Reasons to get an appraisal from Allatoona Appraisal

Year after year, thousands of people in Georgia buy, sell or refinance their home. Many of these transactions consist of a simple line item for an appraisal. Nearly all 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 appear to be more cost-effective than an appraisal. Is obtaining a mortgage the only basis for getting an appraisal? Are there also situations when the services of a licensed, independent real estate professional might be beneficial? You bet.

Let Allatoona Appraisal assist you in lowering your mortgage payment

Appeal your tax assessment in Cobb County

It's possible you're paying too much in property taxes if you live in an area where property values have declined. Property taxes are based upon a previous assessment of your real estate, so if prices are less than what they used to be in your neighborhood, you can appeal your assessment and save money. An appraisal from Allatoona Appraisal is your best evidence when building your case. We're capable of assisting you in disputing your tax assessment.

PMI removal to reduce a mortgage payment

Private Mortgage Insurance, or PMI, is an extra insurance policy that nearly all lenders ask home buyers to purchase when the amount being loaned to the home buyer is more than 80% of the actual value of the property. Oftentimes, this added payment is bundled into the monthly mortgage payment and is quickly forgotten. PMI is unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - goes below the 80% level, making this very unfortunate. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to dismiss the PMI installments when the loan-to-value ratio conditions have been met.

Allatoona Appraisal can give you a statement regarding the value of your home, and the price you paid for the home valuation can usually be offset in a short amount of time because you'll no longer be paying the PMI.

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Get a clear valuation on a home take make a divorce settlement less stressful

A divorce can be a very traumatic ordeal for both parties, and it is often more complicated by the challenging decision of who gets the property. So both parties are entirely aware of the true market value of their house, it's a good idea to order an appraisal from Allatoona Appraisal, regardless of the circumstances.

If the parties wish to sell the home, they'll have a a good idea of what price to set. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.

Fair and accurate estate liquidation

Losing 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 residential property involved. We ensure the utmost degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).

Unlike 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 an unequal share of the total estate value, knowing the true value of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've gotten an honest deal.

Relocate to or from Cobb County through an employee relocation program

We are aware of the stress involved with an employee relocation. We take great care in establishing an accommodating appointment time for the appraisal inspection. During our intensive inspection, we recommend relocating employees to provide feedback on the positive aspects of their property, along with information regarding any new sales or listings in their neighborhood that they want considered.

Close on your home promptly — at the right price

A professional appraisal will help you make a more informed decision regarding your selling price, whether you choose to sell your home on your own or with the help of a real estate agent. Apart from a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees aren't related to the sales price, but rather they depend on our efforts to finish the appraisal report.

On a daily basis, we determine the difference in value items like an additional bathroom or a kitchen remodel can make. And we're experts in knowing how long propertiesstay 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.

Let Allatoona Appraisal help you sell your home quickly at the right price