Why you should get an appraisal from Phoenix Valuations, LLCTo many, an appraisal is simply one more thing on the settlement sheet for a mortgage or refinance. And while there are a budding number of automated home valuation systems that might appear to be more cost-effective than an appraisal, practically all lenders still call for a local expert because the stakes are very high. You might assume that getting a mortgage is the only reason to get an appraisal, but there are other situations when the services of a licensed, independent real estate professional could come in handy. 
Challenge your tax assessmentIt's likely you're paying too much in property taxes if you reside in an area where property values have depreciated. Ad Valorem taxes are determined by a past assessment of your home, so if prices have declined in your neighborhood, you can challenge your assessment and save money. An appraisal from Phoenix Valuations, LLC is your best evidence when building your case. We can assist you in disputing your tax assessment. PMI removal to lower a mortgage paymentWhen the amount being loaned to the homeowneris more than 80% of the actual value of the home, nearly all lenders ask homebuyers to buy this added insurance plan. That policy is Private Mortgage Insurance, or PMI. This added payment is often folded into the monthly mortgage payment and is soon forgotten. PMI is no longer required when the remainder of the loan - whether through market appreciation or principal pay down - falls below the 80% level, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress that requires lenders to dismiss the PMI payments when the loan-to-value ratio conditions have been met. Phoenix Valuations, LLC will provide you with a statement regarding the value of your home, and the price you paid for the home valuation can generally be offset in just a few months because you'll no longer be paying the PMI. Get your appraisal from Phoenix Valuations, LLC Order onlineDivorce settlement with fewer hang-upsA divorce can be an especially horrible experience for both parties, and it is often even more complicated by the difficult decision of who maintains the house. So both parties are completely aware of the true market value of their house, it's a good idea to get an appraisal from Phoenix Valuations, LLC, regardless of the situation. The parties will have a clearer picture 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 received a fair evaluation. Determine a fair and accurate valuation for estate liquidationThe death 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 ensure the maximum degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP). Unlike wealthier individuals, most Americans don't have dedicated estate planners or executors to manage these issues. A home or other property often makes up an uneven share of the total estate value, so understanding the true worth of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've received an honest deal. Move to or from Maricopa County for workWe are familiar with the stress involved with an employee relocation. That being said, we take great care in setting up an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive attributes of their property, as well as information about any new sales or listings in their neighborhood that they want considered during our intensive inspection. Sell your home quickly — for an accurate priceA professional appraisal can help you make a better educated decision when determining your selling price, whether you choose to sell your home on your own or with the help of a real estate agent. Apart from a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees depend on our efforts to finish the appraisal report and and aren't related to the sales price. We analyze the difference in value items like an extra bathroom or a kitchen remodel can make on a daily basis. Seeking 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, because we're experts in knowing how long homes are one the market. 
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