Why you should order an appraisal from Appraisal Solutions of NevadaThousands of people in Nevada buy, sell or refinance their home each year. A lot of these transactions have a simple line item for an appraisal. Almost all lenders still call in a local expert because the stakes are very high, even though there are a multiplying number of automated home valuation processes that might appear to be cheaper than an appraisal. You might assume that obtaining a mortgage is the only basis for getting an appraisal, but there are other cases when the services of a certified, independent real estate professional could be helpful. ![]() Contest your tax assessment in Washoe CountyIf you are in an area where property values have declined, it's possible you're paying too much in property taxes. An appraisal from Appraisal Solutions of Nevada is your best evidence when building your case. At Appraisal Solutions of Nevada, we're equipped to assist you in disputing your tax assessment. PMI removal to lower your mortgage paymentWhen the amount being loaned to the homebuyeris more than 80% of the actual value of the real estate, many lenders ask home buyers to take out this supplemental insurance policy. That policy is Private Mortgage Insurance, or PMI. This extra payment is often bundled 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 invoked by the United States Congress requiring lenders to dismiss the PMI payments when the loan-to-value ratio conditions have been met. If you'd like to do away with PMI, Appraisal Solutions of Nevada will provide you with a statement regarding the value of your home. The cost of the home valuation can usually be offset in just a few months because you'll no longer be paying the PMI. Order an appraisal from Appraisal Solutions of Nevada Order onlineSettle a divorce with fewer hang-upsA divorce is an especially daunting experience for the parties involved, and it is often further complicated by the burdensome decision of who maintains the home. It's a good idea to order an appraisal from Appraisal Solutions of Nevada so both parties are entirely aware of the true market value of their home, regardless of the situation. The parties will have a better idea of what price to set, if they need to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair assessment. Accurate and fair estate liquidationThe loss of a loved one is a painful 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 highest degree of discretion. Most Americans don't have dedicated estate planners or executors to handle these matters, unlike wealthy individuals. A home or other property often makes up a disproportionate 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 leave knowing they've received an honest deal. Move to or from Washoe County through an employee relocation programWe are aware of the stress involved with an employee relocation. We take great care in organizing a convenient appointment time for the appraisal inspection. During our intensive inspection, we suggest relocating employees to provide feedback on the positive characteristics of their property, as well as information regarding any new sales or listings in their area that they want considered. Close on your home promptly — at the right priceWhether you decide to sell your home on your own or with the help 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, unlike real estate agents. Our fees are calculated on our efforts to complete the appraisal report and not a percentage of the sales price. On a daily basis, we examine the difference in value items like an extra bathroom or a kitchen remodel can make. Seeking a professional appraisal is a trusted way to decide 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 an unnecessarily long time, because we're experts in knowing how long properties are one the market. ![]() |