Ordering an appraisal from Harmon AppraisalEach year, thousands of people in Arkansas buy, sell or refinance their home. Most of these transactions involve a simple line item for an appraisal. And while there are an increasing number of automated home valuation systems that may seem more economical than an appraisal, most lenders still need a local expert because the stakes are incredibly high. But is getting a mortgage the only reason to get an appraisal? Are there also situations when the services of a licensed, independent real estate professional might be helpful? Of course there are.
Appeal your tax assessment in Logan CountyIt's possible you're paying too much in property taxes if you reside in an area where property values have depreciated. Property taxes are determined by a previous assessment of your house, so if values are less than what they used to be in your area, you can challenge your assessment and save money. When building your case, an appraisal from Harmon Appraisal is your best evidence. At Harmon Appraisal,we can assist you in challenging your tax assessment.
Getting rid of your PMI will lower your mortgage paymentPrivate Mortgage Insurance, or PMI, is a supplemental insurance policy that nearly all lenders ask home buyers to purchase when the amount being loaned to the homebuyer is more than 80% of the actual value of the property. Very often, this extra payment is lumped into the monthly mortgage payment and is soon forgotten. This is unfortunate because PMI is unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - falls below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress that requires lenders to remove the PMI installments on most mortgages when the balance is paid down to 78% of the original value.
Harmon Appraisal will provide you with a statement regarding the value of your home, and the expense of the appraisal can usually be offset in little time because you'll no longer be paying the PMI.
Settling a divorce with less stress with an appraisal from Harmon AppraisalA divorce is an especially traumatic ordeal for the parties involved, and it is often even more complicated by the troublesome decision of who maintains the home. It's a good idea to order an appraisal from Harmon Appraisal so both parties are entirely aware of the true market value of their home, regardless of the situation.
The parties will have a clearer picture of what price to set, if they want to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.
Accurate and fair estate liquidation with Harmon AppraisalSettling an estateThe death of 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 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.
Most Americans don't have dedicated estate planners or executors to take care of these matters, unlike wealthier individuals. A home or other property often makes up an uneven share of the total estate value, so 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.
Relocating to or from Logan CountyWe know the stress involved with an employee relocation. That's why we take great care in organizing an accommodating appointment time for the appraisal inspection. During our intensive process, we encourage relocating employees to provide remarks on the positive features of their property, along with information regarding any recent sales or listings in their area that they want considered.
Sell your home quickly at the right priceA professional appraisal can help you make a more informed decision when determining your selling price, whether you decide to sell your home on your own or with the help of a real estate agent. Unlike a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees are derived from our efforts to complete the appraisal report and not a percentage of the sales price.
We analyze the difference in value items like an additional bathroom or a kitchen remodel can make on a daily basis. Seeking a professional appraisal is a trusted 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 - because we're experts in knowing how long homes are one the market.