Porcelli Appraisals Inc in Atlantic Beach are called upon for diverse clientsTo many, an appraisal just looks like another fee on the settlement sheet for a home purchase or refinance. And even though there are an increasing number of automated home valuation methods that may appear less expensive than an appraisal, nearly all lenders still need a local expert because the stakes are incredibly high. But is securing a mortgage the only reason to get an appraisal? Are there more cases when the services of a licensed, independent real estate professional might come in handy? Of course there are.
Dispute your tax assessment in Duval CountyIt's quite possible you're paying too much in property taxes if you reside in an area where property values have depreciated. Ad Valorem taxes are based upon a past assessment of your real estate, so if values have gone down in your neighborhood, you can challenge your assessment and save money. An appraisal from Porcelli Appraisals Inc is your best evidence when building your case. At Porcelli Appraisals Inc,we can assist you in challenging your tax assessment.
PMI removal will lower your mortgage paymentWhen the amount being loaned to the home owner is more than 80% of the actual value of the home, nearly all lenders ask home buyers to buy an added insurance plan. That policy is Private Mortgage Insurance, or PMI. Seeing that added payment is usually lumped into the monthly mortgage payment, it is often forgotten. PMI is unnecessary when the remaining balance 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 passed by the United States Congress requiring lenders to remove the PMI installments when the balance is paid down to 78% of the original value.
Porcelli Appraisals Inc will produce a statement regarding the value of your home, and the expense of the home valuation can usually be recovered in a short amount of time because you'll no longer be paying the PMI.
Divorce settlement with less stressA divorce is a very heartbreaking experience for the parties involved, and it is often more complicated by the difficult decision of who keeps the property. So both parties are fully aware of the true market value of their home, it's a good idea to order an appraisal from Porcelli Appraisals Inc, regardless of the circumstances.
If the parties wish to sell the home, they'll have a better idea of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair assessment.
Fair and accurate estate liquidation with Porcelli Appraisals IncSettling 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 real estate involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the maximum degree of discretion.
Most Americans do not have dedicated estate planners or executors to take care of these affairs, unlike many wealthy individuals. And seeing that a home or other property often makes up an unequal share of the total estate value, knowing the absolute value of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've received a fair deal.
Let Porcelli Appraisals Inc assist you in relocating to or from Duval CountyMoving due to a job change is a real pain, and we understand. That's why we take great care in organizing an accommodating 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 detailed process.
Let Porcelli Appraisals Inc assist you in selling your home quickly at the right priceA professional appraisal will help you make a more informed decision when determining your selling price, whether you decide to sell your home on your own or use the assistance of a real estate agent. An appraiser has no vested interest in what price the house sells for, which is different than the interest of real estate agents. Our fees aren't contingent upon the value we come up with, but rather they rest on our efforts to complete the appraisal.
We analyze 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 houses are on the market. So, obtaining 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.