Why you should get an appraisal from LT Appraisal Services

To a lot of people, an appraisal just looks like a line item in the long list of items for a home purchase or refinance. Even though there are an increasing number of automated home valuation processes that might appear to be more practical than an appraisal, practically all lenders still want a local expert because the stakes are very high. You might think that securing a mortgage is the only reason to acquire an appraisal, but there are other situations when the services of a certified, independent real estate professional could be beneficial.

Order appraisals online from LT Appraisal Services by simply clicking here.

Let LT Appraisal Services help you appeal your tax assessment in Washington County

It's quite possible you're paying too much in property taxes if you reside in an area where property values have declined. Ad Valorem taxes are determined by a previous assessment of your home, so if values have gone down in your neighborhood, you can appeal your assessment and save money. When building your case, an appraisal from LT Appraisal Services is your best evidence. We're qualified to assist you in disputing your tax assessment.

Removing PMI will lower your mortgage payment

When the amount being loaned to the buyer is more than 80% of the actual value of the real estate, almost all lenders ask buyers to purchase an extra insurance plan. That policy is Private Mortgage Insurance, or PMI. Oftentimes, this extra payment is lumped into the monthly mortgage payment and is quickly forgotten. PMI is no longer required when the leftover balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% level, making this very unfavorable. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to do away with the PMI payments when the loan-to-value ratio conditions have been met.

If you'd like to eliminate PMI, LT Appraisal Services will provide you with a statement regarding the value of your home. The expense of the appraisal can usually be recovered in a short amount of time because you'll no longer be paying the PMI.

Settling a divorce with less stress with an appraisal from LT Appraisal Services

A divorce is an especially daunting ordeal for the parties involved, and it is often more complicated by the challenging decision of who gets the house. It's a good idea to order an appraisal from LT Appraisal Services so both parties are completely aware of the true market value of their property, regardless of the situation.

The parties will have a clearer picture of what price to set, if they need to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.

Settling an estate with peace of mind

Losing a loved one is a hard 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. 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 do not have dedicated estate planners or executors to handle these affairs. And seeing that a home or other property often makes up a disproportionate share of the total estate value, understanding the absolute value of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've received a fair deal.

Let LT Appraisal Services help you with relocating to or from Washington County

We are aware of the headaches associated with an employee relocation. That's why we take great care in setting up an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive characteristics of their property, along with information about any recent sales or listings in their area that they want considered during our intensive process.

Selling your home quickly at the right price

Whether you choose to sell your home on your own or use the assistance of a real estate agent, a professional appraisal can help you make a more informed decision regarding your selling price. With much different interests than a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees are based on our efforts to complete the appraisal report and and aren't related to the sales price.

On a daily basis, we analyze the difference in value things like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long houses stay on the market. So, obtaining 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.