Definitive Valuations in Meridianville are hired for diverse purposes

To many, an appraisal is simply a line item on the break-sheet for a home purchase or refinance. Almost all lenders still want a local expert because the stakes are so high, even though there are a developing number of automated home valuation systems that might seem cheaper than an appraisal. You might think that obtaining a mortgage is the only reason to get an appraisal, but there are additional cases when the services of a certified, independent real estate professional could be beneficial.

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Dispute your tax assessment in Madison County

If you live in an area where property values have declined, it's possible you're paying too much in property taxes. An appraisal from Definitive Valuations is your best evidence when building your case. At Definitive Valuations,we can assist you in disputing your tax assessment.

Eliminating PMI will lower your mortgage payment

When the amount being loaned to the home buyer is more than 80% of the actual value of the property, almost all lenders ask homebuyers to take out an extra insurance policy. That policy is Private Mortgage Insurance, or PMI. Since the additional payment is usually folded into the monthly mortgage payment, it is often forgotten. This is unfortunate because PMI isn't necessary when the remainder of the loan - whether through market appreciation or principal pay down - goes below the 80% level. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress that requires lenders to remove the PMI payments when the balance is paid down to 78% of the original value.

If you'd like to do away with PMI, Definitive Valuations can produce a statement regarding the value of your home. The expense of the home valuation can often be regained in little time because you'll no longer be paying the PMI.

Settling a divorce with less stress with an appraisal from Definitive Valuations

A divorce can be a very traumatic experience for both parties, and it is often further complicated by the burdensome decision of who gets the property. So both parties are fully aware of the true market value of their house, it's a good idea to order an appraisal from Definitive Valuations, 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 received a fair evaluation.

Accurate and fair estate liquidation with help from Definitive ValuationsSettling an estate

The death of a loved one is a hard time in life, and settling an estate from a death, or probate, often requires an appraisal to establish Market Value for the real estate involved. We ensure the maximum degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).

Unlike wealthy individuals, most Americans do not have dedicated estate planners or executors to handle these matters. A home or other property often makes up an unequal share of the total estate value, so understanding the true value of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've gotten a fair deal.

Definitive Valuations can assist you in relocating to or from Madison County

We are aware of the stress involved with an employee relocation. We take great care in establishing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive features of their property, as well as information about any new sales or listings in their area that they want considered during our intensive process.

Sell your home quickly at the right price

Whether you want 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 regarding your selling price. An appraiser has no vested interest in what price the house sells for, unlike real estate agents. Our fees are derived from our efforts to perform the appraisal report and and aren't related to the sales price.

We determine the difference in value things like an additional bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long homes are on the market. So, getting 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.