Reasons to order an appraisal from Mike Noble Appraisals

Every year, thousands of people in Alabama buy, sell or refinance their home. A lot of these transactions include a simple line item for an appraisal. While there are a growing number of automated home valuation systems that may appear to be less expensive than an appraisal, most lenders still call in a local expert because the stakes are incredibly high. Is obtaining a mortgage the only reason you should get an appraisal? Are there additional times when the services of a certified, independent real estate professional might come in handy? Absolutely.

Let Mike Noble Appraisals help you lower your mortgage payment

Dispute your tax assessment in Elmore County

It's quite possible 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 real estate, so if prices are less than what they used to be in your neighborhood, you can appeal your assessment and save money. An appraisal from Mike Noble Appraisals is your best evidence when building your case. At Mike Noble Appraisals, we're qualified to assist you in challenging your tax assessment.

PMI removal to lower a mortgage payment

Private Mortgage Insurance, or PMI, is an extra insurance policy that almost all lenders ask homeowners to buy when the amount being loaned to the homebuyer is more than 80% of the actual value of the property. Most often, this added payment is lumped into the monthly mortgage payment and is quickly forgotten. This is unfortunate because PMI isn't required when the remaining balance of the loan - whether through market appreciation or principal pay down - goes below the 80% mark. 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 eliminate PMI, Mike Noble Appraisals will give you a statement regarding the value of your home. The cost of the home valuation can generally be regained 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 troublesome decision of who gets the house, and it can be a very daunting experience for both parties. It's a good idea to order an appraisal from Mike Noble Appraisals so both parties are fully aware of the true market value of their home, regardless of the situation.

If the parties wish to sell the home, they'll have a better idea of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation.

Ascertain an accurate and fair valuation for estate liquidation

The death of a loved one is a difficult time in life, and settling an estate from a death, or probate, often entails 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, ensuring the maximum degree of discretion.

Unlike wealthier individuals, most Americans do not have dedicated estate planners or executors to manage these affairs. And seeing that a home or other property often makes up an unequal share of the total estate value, knowing the true value of the real estate at hand is of significant importance to ensuring disputing parties leave knowing they've received a fair deal.

Move to or from Elmore County through an employee relocation program

We understand the stress associated with an employee relocation. We take great care in setting up an accommodating appointment time for the appraisal inspection. During our detailed inspection, we suggest relocating employees to provide feedback on the positive attributes of their property, along with information regarding any recent sales or listings in their area that they want considered.

Sell your home promptly — at an accurate price

A professional appraisal can help you make a more informed decision regarding your asking price, whether you choose to sell your home on your own or use the assistance of a real estate agent. Apart from a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees aren't related to the sales price, but rather they are calculated on our efforts to complete the appraisal report.

We examine the difference in value items like an additional bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long housesare on the market. So, obtaining a professional appraisal is a reliable way to decide 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.

Let Mike Noble Appraisals help you sell your home quickly at the right price