There are lots of reasons the public calls on PAL Appraisal ServiceTo many, an appraisal just looks like one more thing on the break-sheet for a home sale or refinance. And while there are a developing number of automated home valuation methods that might seem cheaper than an appraisal, almost all lenders still call for a local expert because the stakes are very high. You might believe that securing a mortgage is the only reason to acquire an appraisal, but there are other instances when the services of a licensed, independent real estate professional might be helpful.
Let PAL Appraisal Service help you challenge your tax assessment in El Paso CountyIf you live in an area where property values have depreciated, it's possible you're paying too much in property taxes. When building your case, an appraisal from PAL Appraisal Service is your best evidence. We're qualified to assist you in challenging your tax assessment.
Eliminating PMI will lower your mortgage paymentWhen the amount being loaned to the homeowner is more than 80% of the actual value of the home, almost all lenders ask home buyers to buy an supplemental insurance policy. That policy is Private Mortgage Insurance, or PMI. Since the added payment is usually bundled into the monthly mortgage payment, it is often forgotten. This is damaging because PMI isn't necessary when the remainder of the loan - whether through market appreciation or principal pay down - falls below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress requiring lenders to do away with the PMI installments when the balance is paid down to 78% of the original value.
PAL Appraisal Service can give you a statement regarding the value of your home, and the cost of the home valuation can usually be regained 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 PAL Appraisal ServiceA divorce can be a particularly daunting ordeal for both parties, and it is often even more complicated by the hard decision of who maintains the property. So both parties are completely aware of the true market value of their house, it's a good idea to order an appraisal from PAL Appraisal Service, regardless of the situation.
If the parties want to sell the home, they'll have a clearer picture of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.
Accurate and fair estate liquidation with help from PAL Appraisal ServiceSettling an estateThe death 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 residential property involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the fullest degree of discretion.
Most Americans do not have dedicated estate planners or executors to take care of these issues, unlike many wealthy individuals. And seeing that a home or other property often makes up a disproportionate share of the total estate value, understanding the certain value of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've gotten a fair deal.
Relocating to or from El Paso CountyWe are aware of the stress involved with an employee relocation. That being said, we take great care in setting up an accommodating appointment time for the appraisal inspection. During our thorough process, we recommend employees that are moving to provide input on the positive aspects of their property, as well as information about any new sales or listings in their neighborhood that they want considered.
Sell your home quickly at the right price with an appraisal from PAL Appraisal ServiceA professional appraisal can help you make a better educated decision when determining your selling price, whether you want to sell your home on your own or with the help of a real estate agent. An appraiser has no vested interest in what price the house sells for, unlike real estate agents. 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. Obtaining a professional appraisal is a trusted way to decide what improvements will add value and what an applicable 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 homes stay on the market.