Donald Perry Appraisal Services, LLC. in Frankfort are hired for a variety of reasonsThousands of people in Kentucky purchase, sell or refinance their home every month. Many of these transactions contain a simple line item for an appraisal. Practically all lenders still need a local expert because the stakes are very high, even though there are a developing number of automated home valuation processes that may seem less expensive than an appraisal. But is obtaining a mortgage the only reason you should get an appraisal? Are there additional times when the services of a licensed, independent real estate professional might be beneficial? Of course.
Appeal your tax assessment in Franklin CountyIt's quite possible you're paying too much in property taxes if you live in an area where property values have depreciated. Property taxes are based upon a previous assessment of your real estate, so if prices have gone down in your area, you can challenge your assessment and save money. When building your case, an appraisal from Donald Perry Appraisal Services, LLC. is your best evidence. We're capable of assisting you in challenging your tax assessment.
Removing PMI will lower your mortgage paymentPrivate Mortgage Insurance, or PMI, is an added insurance plan that many lenders ask home owners to purchase when the amount being loaned to the home owner is more than 80% of the actual value of the real estate. This extra payment is often folded into the monthly mortgage payment and is soon forgotten. This is unfortunate because PMI isn't required when the remaining balance of the loan - whether through market appreciation or principal pay down - dips below the 80% level. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress that requires lenders to do away with the PMI payments when the balance is paid down to 78% of the original value.
If you'd like to eliminate PMI, Donald Perry Appraisal Services, LLC. can produce a statement regarding the value of your home. The cost of the appraisal can usually be recovered in little time because you'll no longer be paying the PMI.
Divorce settlement with less stressA divorce can be a very daunting ordeal for both parties, and it is often even more complicated by the challenging decision of who gets the home. It's a good idea to order an appraisal from Donald Perry Appraisal Services, LLC. so both parties are fully aware of the true market value of their property, regardless of the circumstances.
The parties will have a a good idea of what price to set, if they need to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.
Trustworthy estate liquidationThe loss of 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 Market Value for the residential property involved. We guarantee the fullest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Unlike many wealthy individuals, most Americans don't have dedicated estate planners or executors to handle these matters. And seeing that a home or other property often makes up an unequal share of the total estate value, knowing the absolute value of the real estate at hand is of significant importance to ensuring disputing parties leave knowing they've received a fair deal.
Donald Perry Appraisal Services, LLC. can help you with relocating to or from Franklin CountyEmployee relocation is a stressful event, and we understand. We take great care in setting up an accommodating appointment time for the appraisal inspection. During our detailed process, we encourage employees that are moving to provide remarks on the positive features of their property, as well as information about any new sales or listings in their neighborhood that they want considered.
Selling 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 will help you make a better educated decision regarding your selling price. Separate from a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees aren't a percentage of the sales price, but rather they depend on our efforts to complete the appraisal.
On a daily basis, we determine the difference in value things like an additional bathroom or a kitchen remodel can make. And we're experts in knowing how long homes stay on the market. So, getting a professional appraisal is a reliable way to determine 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.