Reasons to order an appraisal

To a lot of us, an appraisal just looks like another cost on the settlement sheet for a mortgage or refinance. And while there are an increasing number of automated home valuation processes that may seem more cost-effective than an appraisal, most lenders still call for a local expert because the stakes are so high. You might believe that getting a mortgage is the only reason to get an appraisal, but there are other instances when the services of a certified, independent real estate professional might come in handy.


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Let Versatile Real Estate Services, Inc. (678) 760-5230 help you appeal your tax assessment in Gwinnett County

If you live in an area where the value of property has declined, it's possible you're paying too much in property taxes. An appraisal from Versatile Real Estate Services, Inc. (678) 760-5230 is your best evidence when building your case. At Versatile Real Estate Services, Inc. (678) 760-5230,we can assist you in disputing your tax assessment.

PMI removal will lower your mortgage payment

When the amount being loaned to the buyer is more than 80% of the actual value of the real estate, nearly all lenders ask home owners to purchase an supplemental insurance policy. That policy is Private Mortgage Insurance, or PMI. Very often, this extra payment is bundled 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 United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to eliminate the PMI installments when the loan-to-value ratio conditions have been met.

If you'd like to get rid of PMI, Versatile Real Estate Services, Inc. (678) 760-5230 can give you a statement regarding the value of your home. The expense of the home valuation can generally be regained in just a few months because you'll no longer be paying the PMI.

Divorce settlement with less stress

A divorce can be an especially traumatic ordeal for both parties, and it is often more complicated by the burdensome decision of who maintains the home. Regardless of the circumstances, it's a good idea to get an appraisal from Versatile Real Estate Services, Inc. (678) 760-5230 so both parties are fully aware of the true market value of their house.

The parties will have a clearer picture 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 gotten a fair assessment.

Trustworthy estate liquidation

Losing a loved one is a hard time in life, and settling an estate from a death, or probate, often requires an appraisal to establish Market Value for the real estate involved. We guarantee the utmost degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).

Most Americans do not have dedicated estate planners or executors to manage these matters, unlike wealthier individuals. And seeing that a home or other property often makes up a disproportionate share of the total estate value, understanding the correct value of the real estate at hand is of significant importance to ensuring disputing parties leave knowing they've gotten a fair deal.

Relocating to or from Gwinnett County?

We are familiar with the headaches involved with an employee relocation. That being said, we take great care in establishing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive attributes of their property, as well as information regarding any new sales or listings in their neighborhood that they want considered during our intensive process.

Don't sell out for too little or let your home stay on the market too long.

Whether you choose to sell your home on your own or with the help of a real estate agent, a professional appraisal can 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 amount the house sells for. The price we charge isn't a percentage of the sales price, but rather they depend on our efforts to complete the appraisal.

We analyze the difference in value items like an additional bathroom or a kitchen remodel can make on a daily basis. Obtaining a professional appraisal is a trusted 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 - because we're experts in knowing how long homes are one the market.