Reasons to get an appraisal from Mike Noble AppraisalsTo a lot of us, an appraisal just looks like one more thing on the settlement sheet for a home purchase or refinance. And while there are a multiplying number of automated home valuation processes that might appear to be more prudent than an appraisal, most lenders still want a local expert because the stakes are so high. Is getting a mortgage the only reason to get an appraisal? Are there additional cases when the services of a certified, independent real estate professional might come in handy? Of course. 
Challenge your tax assessmentIt's possible you're paying too much in property taxes if you reside in an area where property values have depreciated. Property taxes are based upon a previous assessment of your home, 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 Noble Appraisals is your best evidence when building your case. At Mike Noble Appraisals, we're capable of assisting you in appealing your tax assessment. Eliminating PMI for mortgage paymentsWhen the amount being loaned to the homebuyeris more than 80% of the actual value of the real estate, many lenders ask homeowners to buy this supplemental insurance policy. That policy is Private Mortgage Insurance, or PMI. Oftentimes, this added payment is lumped into the monthly mortgage payment and is promptly forgotten. PMI becomes unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% level, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress requiring lenders to dismiss the PMI installments when the loan-to-value ratio conditions have been met. Mike Noble Appraisals can provide you with a statement regarding the value of your home, and the price you paid for the home valuation can usually be offset in little time because you'll no longer be paying the PMI. Order your appraisal from Mike Noble Appraisals today Order onlineGet a fair valuation on a home take make a divorce settlement less stressfulA divorce can be a particularly daunting ordeal for both parties, and it is often more complicated by the hard decision of who maintains the house. It's a good idea to get an appraisal from Mike Noble Appraisals so both parties are entirely aware of the true market value of their property, regardless of the situation. The parties will have a good idea of what price to set, if they want to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation. Accurate and fair estate liquidationLosing a loved one is a painful time in life, and settling an estate from a death, or probate, often calls for an appraisal to establish Fair 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 take care of these matters. A home or other property often makes up an uneven share of the total estate value, so knowing the true value of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've received an honest deal. Move to or from Elmore County for workEmployee relocation is a stressful event, and we understand. We take great care in organizing an accommodating appointment time for the appraisal inspection. During our intensive inspection, we recommend relocating employees to provide input on the positive attributes of their property, as well as information regarding any recent sales or listings in their neighborhood that they want considered. Close on your home quickly — at the right priceWhether you decide 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 when determining your selling price. An appraiser has no vested interest in what amount the house sells for, unlike real estate agents. Our fees aren't a percentage of the sales price, but rather they depend on our efforts to finish the appraisal report. 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 reliable way to decide 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 an unnecessarily long time, because we're experts in knowing how long homes stay on the market. 
|