6 Reasons to consider an appraisal from Professional Appraisals, Inc.Each year, thousands of people in Ohio purchase, sell or refinance their home. A lot of these transactions have a simple line item for an appraisal. Even though there are a multiplying number of automated home valuation systems that may seem less expensive than an appraisal, almost all lenders still want a local expert because the stakes are incredibly high. Is getting a mortgage the only reason to get an appraisal? Are there also situations when the services of a certified, independent real estate professional might be beneficial? You bet there are. 
Contest your tax assessmentIf you reside in an area where the property value has declined, it's possible you're paying too much in property taxes. An appraisal from Professional Appraisals, Inc. is your best evidence when building your case. We can assist you in challenging your tax assessment. Eliminating PMI for mortgage paymentsWhen the amount being loaned to the home owners more than 80% of the actual value of the real estate, almost all lenders ask homebuyers to purchase this additional insurance policy. That policy is Private Mortgage Insurance, or PMI. This additional payment is often lumped into the monthly mortgage payment and is soon forgotten. This is unfortunate because PMI is unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was invoked by the United States Congress requiring lenders to eliminate the PMI payments when the loan-to-value ratio conditions have been met. Professional Appraisals, Inc. can produce a statement regarding the value of your home, and the cost of the appraisal can usually be offset in a short amount of time because you'll no longer be paying the PMI. Order your appraisal from Professional Appraisals, Inc. today Order todayDivorce settlement with fewer hang-upsA divorce can be a particularly horrible event for both parties, and it is often more complicated by the troublesome decision of who gets the house. It's a good idea to order an appraisal from Professional Appraisals, Inc. so both parties are completely aware of the true market value of their home, regardless of the circumstances. If the parties want to sell the home, they'll have a a good idea of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation. Fair and accurate estate liquidationLosing a loved one is a painful time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Fair 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). Unlike wealthier 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 knowing the true value of the real estate at hand is of significant importance to ensuring disputing parties leave knowing they've gotten an honest deal. Relocating to or from Cuyahoga, Geauga or Lake County through an employee relocation programWe know the stress involved with an employee relocation. That's why we take great care in organizing an accommodating appointment time for the appraisal inspection. During our intensive inspection, we suggest relocating employees to provide input on the positive features of their property, as well as information about any current sales or listings in their neighborhood that they want considered. Close on your home promptly — for an accurate priceWhether you choose to sell your home on your own or with the help of a real estate agent, a professional appraisal will help you make a more informed decision regarding your selling price. Unlike a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees rest on our efforts to complete the appraisal report and not a percentage of the sales price. On a daily basis, we determine the difference in value things like an additional bathroom or a kitchen remodel can make. And we're experts in knowing how long properties are 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. 
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