6 Reasons to order an appraisal from Crescent Appraisal Group, Inc.
Thousands of people in Louisiana buy, sell or refinance their home every year. A lot of these transactions involve a simple line item for an appraisal. Almost all lenders still want a local expert because the stakes are very high, even though there are a budding number of automated home valuation systems that may seem cheaper than an appraisal. Is securing 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 beneficial? Of course.
Challenge your tax assessment
If you live in an area where property values have declined, it's possible you're paying too much in property taxes. An appraisal from Crescent Appraisal Group, Inc. is your best evidence when building your case. We can assist you in challenging your tax assessment.
PMI removal to lower your mortgage payment
Private Mortgage Insurance, or PMI, is an added insurance plan that most lenders ask home buyers to purchase when the amount being loaned to the buyer is more than 80% of the actual value of the home. This additional payment is often lumped into the monthly mortgage payment and is quickly forgotten. This is damaging because PMI is unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - goes below the 80% level. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to do away with the PMI installments when the loan-to-value ratio conditions have been met.
If you'd like to get rid of PMI, Crescent Appraisal Group, Inc. will give you a statement regarding the value of your home. The cost of the home valuation can usually be regained in little time because you'll no longer be paying the PMI.
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Settle a divorce with fewer hang-ups
A divorce can be an especially daunting ordeal for both parties, and it is often further complicated by the difficult decision of who maintains the house. It's a good idea to order an appraisal from Crescent Appraisal Group, Inc. so both parties are entirely aware of the true market value of their house, regardless of the situation.
If the parties want to sell the home, they'll have a clearer picture of what price to set. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.
Determine an accurate and fair valuation for estate liquidation
The loss of a loved one is a hard time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Fair Market Value for the real estate involved. We guarantee 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 manage these affairs, unlike wealthier individuals. And seeing that a home or other property often makes up a disproportionate 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.
Relocate to or from Jefferson County for work
We are aware of the stress associated with an employee relocation. We take great care in setting up a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive aspects of their property, along with information about any new sales or listings in their neighborhood that they want considered during our thorough inspection.
Close on your home promptly — at an accurate price
Whether you decide to sell your home on your own or with the help of a real estate agent, a professional appraisal will help you make a more informed decision regarding your selling price. An appraiser has no vested interest in what price the house sells for, unlike real estate agents. Our fees are based on our efforts to complete the appraisal report and not a percentage of the sales price.
We analyze the difference in value items like an extra bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long homesare on the market. So, getting a professional appraisal is a reliable way to determine 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.