Why you should order an appraisal from Southern Coast AppraisalsYear after year, thousands of people in Mississippi purchase, sell or refinance their home. Many of these transactions have a simple line item for an appraisal. Practically all lenders still call for a local expert because the stakes are incredibly high, even though there are a growing 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 more cases when the services of a licensed, independent real estate professional might be helpful? You bet there are.  Contest your tax assessment in Harrison County If you reside in an area where property values have depreciated, it's possible you're paying too much in property taxes. An appraisal PMI removal to lower your mortgage paymentPrivate Mortgage Insurance, or PMI, is an added insurance policy that nearly all lenders ask homeowners to purchase when the amount being loaned to the homebuyer is more than 80% of the actual value of the home. This extra payment is often bundled into the monthly mortgage payment and is soon forgotten. This is unfortunate because PMI becomes unnecessary when the remainder of the loan - whether through market appreciation or principal pay downfalls below the 80% level. 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 loan-to-value ratio conditions have been met. If you'd like to eliminate PMI, Southern Coast Appraisals will give you a statement regarding the value of your home. The price you paid for the appraisal can often be offset in a short amount of time because you'll no longer be paying the PMI. Order an appraisal from Southern Coast Appraisals Order onlineGet a fair valuation of a home for divorce settlementsA divorce can be a very daunting experience for both parties, and it is often more complicated by the hard decision of who gets the home. So both parties are entirely aware of the true market value of their property, it's a good idea to get an appraisal from Southern Coast Appraisals, regardless of the situation. The parties will have a better idea 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 evaluation. Fair and accurate estate liquidationThe loss of a loved one is a hard time in life, and settling an estate from a death, or probate, often calls for an appraisal to establish Fair 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. Most Americans don't have dedicated estate planners or executors to take care of these issues, unlike wealthy individuals. And seeing that a home or other property often makes up an unequal share of the total estate value, understanding the true worth of the real estate at hand is of significant importance to ensuring disputing parties leave knowing they've gotten an honest deal. Move to or from Harrison County for workWe are familiar with the stress associated with an employee relocation. That being said, we take great care in setting up a convenient appointment time for the appraisal inspection. During our thorough inspection, we suggest relocating employees to provide input on the positive aspects of their property, as well as information regarding any recent sales or listings in their neighborhood that they want to be considered. Sell your home promptly - for the right priceA professional appraisal will help you make a better-educated decision when determining your asking 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, apart from real estate agents. Our fees are based on our efforts to complete the appraisal report and aren't related to the sales price. On a daily basis, we examine the difference in value things like an additional bathroom or a kitchen remodel can make. And we're experts in knowing how long your home may stay on the market. So, 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.  |