Why you should get an appraisalThousands of people in New Mexico buy, sell or refinance their home every month. A lot of these transactions include a simple line item for an appraisal. And even though there are a budding number of automated home valuation systems that might seem more practical than an appraisal, practically all lenders still want a local expert because the stakes are so high. But is securing a mortgage the only reason to acquire an appraisal? Are there other cases when the services of a certified, independent real estate professional might come in handy? Absolutely.
Appeal your tax assessment in Eddy CountyIt's possible you're paying too much in property taxes if you live in an area where property values have depreciated. Ad Valorem taxes are determined by a past 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 Premiere Appraisals, LLC is your best evidence when building your case. At Premiere Appraisals, LLC,we can assist you in appealing your tax assessment.
Premiere Appraisals, LLC can help you get rid of PMI to lower your mortgage paymentPrivate Mortgage Insurance, or PMI, is an extra insurance policy that most lenders ask homebuyers to purchase when the amount being loaned to the home owner is more than 80% of the actual value of the property. This extra payment is often folded into the monthly mortgage payment and is soon forgotten. PMI isn't required when the remainder of the loan - whether through market appreciation or principal pay down - dips below the 80% mark, making this very unfortunate. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to dismiss the PMI installments when the loan-to-value ratio conditions have been met.
If you'd like to do away with PMI, Premiere Appraisals, LLC will produce a statement regarding the value of your home. The price you paid for the appraisal can generally be regained in just a few months because you'll no longer be paying the PMI.
Settling a divorce with less stressA divorce is often complicated by the challenging decision of who gets the house, and it can be a particularly heartbreaking ordeal for both parties. So both parties are completely aware of the true market value of their house, it's a good idea to get an appraisal from Premiere Appraisals, LLC, regardless of the situation.
The parties will have a good idea of what price to set, if they wish to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.
Fair and accurate estate liquidation with help from Premiere Appraisals, LLCSettling an estateThe death 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 Market Value for the residential property involved. We guarantee the utmost 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 matters, unlike many wealthy individuals. And since a home or other property often makes up an uneven share of the total estate value, understanding the absolute value of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've gotten an honest deal.
Premiere Appraisals, LLC can help you with relocating to or from Eddy CountyWe understand 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. During our intensive process, we suggest employees that are moving to provide input on the positive features of their property, along with information regarding any current sales or listings in their neighborhood that they want considered.
Selling your home quickly at the right priceA professional appraisal will help you make a better educated decision when determining your asking price, whether you choose to sell your home on your own or use the assistance of a real estate agent. Separate from a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees depend on our efforts to finish the appraisal report and not a percentage of the sales price.
On a daily basis, we analyze the difference in value things like an additional bathroom or a kitchen remodel can make. And we're experts in knowing how long houses stay on the market. So, getting a professional appraisal is a trusted way to determine what improvements will add value and what an appropriate sales price is for your home so you don't come up short or have your house on the market too long, costing you time and money.