Why you should get an appraisal from Russell Appraisal Services

To many, an appraisal is simply another fee on the break-sheet for a home sale or refinance. Almost all lenders still need a local expert because the stakes are so high, even though there are a budding number of automated home valuation systems that may appear more cost-effective than an appraisal. You might believe that securing a mortgage is the only reason to get an appraisal, but there are additional times when the services of a licensed, independent real estate professional could come in handy.

Let Russell Appraisal Services assist you in lowering your mortgage payment

Dispute your tax assessment in Desoto County

If you reside in an area where the value of property has depreciated, it's possible you're paying too much in property taxes. When building your case, an appraisal from us is your best evidence. We can assist you in appealing your tax assessment.

Getting rid of your PMI for mortgage payments

Private Mortgage Insurance, or PMI, is an additional insurance policy that many lenders ask home owners to buy when the amount being loaned to the homeowner is more than 80% of the actual value of the property. More often than not, this added payment is lumped into the monthly mortgage payment and is quickly forgotten. This is unfavorable because PMI isn't required when the remaining balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% level. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress that requires lenders to remove the PMI payments when the loan-to-value ratio conditions have been met.

If you'd like to eliminate PMI, Russell Appraisal Services will provide you with a statement regarding the value of your home. The price you paid for the home valuation can generally 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 a particularly daunting experience for both parties, and it is often more complicated by the hard decision of who keeps the house. It's a good idea to order an appraisal from Russell Appraisal Services so both parties are fully aware of the true market value of their property, regardless of the circumstances.

The parties will have a better idea 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 gotten a fair evaluation.

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 calls for an appraisal to establish Fair Market Value for the real estate involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the fullest degree of discretion.

Unlike wealthier individuals, most Americans do not have dedicated estate planners or executors to take care of these matters. And since a home or other property often makes up a disproportionate share of the total estate value, knowing the true worth of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've gotten a fair deal.

Relocate to or from Desoto County for work

We understand the headaches associated with an employee relocation. We take great care in organizing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive attributes of their property, along with information regarding any current sales or listings in their area that they want considered during our thorough inspection.

Sell your home promptly — at the right price

Whether you decide to sell your home on your own or use the assistance of a real estate agent, a professional appraisal can help you make a more informed decision when determining your asking price. An appraiser has no vested interest in what price the house sells for, apart from real estate agents. Our fees aren't related to the sales price, but rather they are based on our efforts to complete the appraisal report.

On a daily basis, we examine the difference in value things like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long homesare on the market. So, 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.

Let Russell Appraisal Services assist you in selling your home quickly at the right price