Why you should get an appraisal from Diamondback Appraisal & Consulting, Inc.
To many, an appraisal just looks like a line item on the settlement sheet for a mortgage or refinance. Almost all lenders still need a local expert because the stakes are very high, even though there are an increasing number of automated home valuation methods that might appear more economical than an appraisal. Is getting a mortgage the only reason you should get an appraisal? Are there more situations when the services of a certified, independent real estate professional might come in handy? You bet there are.
Appeal your tax assessment in Maricopa County
It's probable you're paying too much in property taxes if you live in an area where property values have declined. Property taxes are based upon a previous assessment of your house, so if values have declined in your area, you can challenge your assessment and save money. When building your case, an appraisal from us is your best evidence. At Diamondback Appraisal & Consulting, Inc., we're qualified to assist you in appealing your tax assessment.
PMI removal to lower a mortgage payment
When the amount being loaned to the homeowneris more than 80% of the actual value of the property, almost all lenders ask homebuyers to purchase this supplemental insurance plan. That policy is Private Mortgage Insurance, or PMI. Oftentimes, this additional payment is folded into the monthly mortgage payment and is quickly forgotten. PMI is unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - falls below the 80% mark, making this very unfortunate. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress requiring lenders to do away with the PMI payments when the loan-to-value ratio conditions have been met.
Diamondback Appraisal & Consulting, Inc. will produce a statement regarding the value of your home, and the price you paid for the home valuation can generally be recovered in a short amount of time because you'll no longer be paying the PMI.
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Settle a divorce with less stress
A divorce is often complicated by the strenuous decision of who maintains the home, and it can be an especially daunting occurrence for both parties. Regardless of the situation, it's a good idea to get an appraisal from Diamondback Appraisal & Consulting, Inc. so both parties are fully aware of the true market value of their house.
The parties will have a better idea of what price to set, if they want 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 assessment.
Accurate and fair estate liquidation
Losing a loved one is a difficult 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 fullest degree of discretion.
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 uneven share of the total estate value, knowing the true value 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 Maricopa County through an employee relocation program
We understand the stress associated with an employee relocation. That being said, we take great care in establishing a convenient appointment time for the appraisal inspection. During our thorough inspection, we suggest relocating employees to provide feedback on the positive aspects of their property, as well as information regarding any current sales or listings in their neighborhood that they want considered.
Sell your home quickly — for an accurate price
A professional appraisal can help you make a better educated decision regarding your selling price, whether you decide to sell your home on your own or use the assistance of a real estate agent. An appraiser has no vested interest in what price the house sells for, unlike real estate agents. Our fees aren't a percentage of the sales price, but rather they are based on our efforts to complete the appraisal report.
We examine 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, getting a professional appraisal is a reliable 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.