Let Dalton Appraisals and Auctions take care of your appraisal needs
Thousands of people in Alabama buy, sell or refinance their home every month. A lot of these transactions involve a simple line item for an appraisal. Most lenders still want a local expert because the stakes are incredibly high, even though there are a multiplying number of automated home valuation systems that may appear more practical than an appraisal. Is obtaining a mortgage the only reason you should get an appraisal? Are there more cases when the services of a certified, independent real estate professional might be helpful? Of course.
Contest your tax assessment in Lauderdale County
If you live in an area where the property value has declined, it’s possible you’re paying too much in property taxes. An appraisal from Dalton Appraisals and Auctions is your best evidence when building your case. We’re equipped to assist you in challenging your tax assessment.
PMI removal to reduce a mortgage payment
Private Mortgage Insurance, or PMI, is an added insurance plan that many 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. Most often, this additional payment is bundled into the monthly mortgage payment and is quickly forgotten. PMI isn’t necessary when the remaining balance of the loan – whether through market appreciation or principal pay down – falls below the 80% level, making this very unfavorable. 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.
Dalton Appraisals and Auctions will provide you with a statement regarding the value of your home, and the expense of the appraisal can often be offset in just a few months because you’ll no longer be paying the PMI.
Divorce settlement with less stress
A divorce is an especially traumatic ordeal for the parties involved, and it is often even more complicated by the troublesome decision of who maintains the home. Regardless of the situation, it’s a good idea to get an appraisal from Dalton Appraisals and Auctions so both parties are completely aware of the true market value of their house.
If the parties want to sell the home, they’ll have a better idea of what price to set. And if a “buyout” is the chosen option, both parties will feel like they’ve gotten a fair assessment.
Ascertain a fair and accurate valuation for estate liquidation
The loss of a loved one is a difficult 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 highest degree of discretion, as we’re bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Most Americans don’t have dedicated estate planners or executors to handle these affairs, unlike many wealthy individuals. A home or other property often makes up an uneven share of the total estate value, so knowing the true worth of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they’ve received a fair deal.
Move to or from Lauderdale County for work
We understand the stress involved with an employee relocation. That being said, we take great care in organizing an accommodating appointment time for the appraisal inspection. During our intensive inspection, we encourage relocating employees to provide input on the positive attributes of their property, as well as information about any recent sales or listings in their area that they want considered.
Close on your home promptly — at an accurate price
A professional appraisal can help you make a more informed decision regarding 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 amount the house sells for, apart from real estate agents. Our fees aren’t a percentage of the sales price, but rather they are based on our efforts to finish the appraisal report.
We determine the difference in value things like an extra bathroom or a kitchen remodel can make on a daily basis. And we’re experts in knowing how long homesstay on the market. So, obtaining a professional appraisal is a trusted 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.