Reasons to get an appraisal from Hendrix Appraisal Service (386) 931-3987

Each year, thousands of people in Florida purchase, sell or refinance their home. Many of these transactions consist of a simple line item for an appraisal. Almost all lenders still call for a local expert because the stakes are so high, even though there are a budding number of automated home valuation methods that may seem more practical than an appraisal. But is obtaining a mortgage the only reason you should get an appraisal? Are there also times when the services of a licensed, independent real estate professional could come in handy? Absolutely.


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Let Hendrix Appraisal Service (386) 931-3987 help you challenge your tax assessment in Flagler County

It's likely you're paying too much in property taxes if you live in an area where property values have declined. Property taxes are based upon a past assessment of your home, so if values are less than what they used to be in your neighborhood, you can challenge your assessment and save money. An appraisal from Hendrix Appraisal Service (386) 931-3987 is your best evidence when building your case. At Hendrix Appraisal Service (386) 931-3987,we can assist you in appealing your tax assessment.

PMI removal to lower your mortgage payment

When the amount being loaned to the homebuyer is more than 80% of the actual value of the property, many lenders ask homebuyers to take out an supplemental insurance policy. That policy is Private Mortgage Insurance, or PMI. Very often, this additional payment is bundled into the monthly mortgage payment and is soon forgotten. This is unfavorable because PMI becomes unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - dips below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was approved by the United States Congress that requires lenders to do away with the PMI payments on most mortgages when the balance is paid down to 78% of the original value.

If you'd like to get rid of PMI, Hendrix Appraisal Service (386) 931-3987 will provide you with a statement regarding the value of your home. The cost of the home valuation can often be recovered in a short amount of time because you'll no longer be paying the PMI.

Settling a divorce with less stress

A divorce can be a particularly daunting ordeal for both parties, and it is often more complicated by the strenuous decision of who maintains the property. It's a good idea to get an appraisal from Hendrix Appraisal Service (386) 931-3987 so both parties are fully aware of the true market value of their property, regardless of the circumstances.

If the parties want to sell the home, they'll have a clearer picture of what price to set. 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 Hendrix Appraisal Service (386) 931-3987Settling an estate

The loss 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 don't have dedicated estate planners or executors to manage these matters, unlike wealthier individuals. A home or other property often makes up a disproportionate share of the total estate value, so understanding the true value of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've received an honest deal.

Relocating to or from Flagler County?

Employee relocation can be a more than just an inconvenience, and we understand. We take great care in establishing a convenient appointment time for the appraisal inspection. During our thorough process, we suggest relocating employees to provide feedback on the positive attributes of their property, as well as information regarding any new sales or listings in their area that they want considered.

Don't sell out short or keep your home on the market too long.

Whether you choose to sell your home on your own or use the assistance of a real estate agent, a professional appraisal can help you make a better educated decision regarding your asking price. Separate from a real estate agent, an appraiser has no vested interest in what amount the house sells for. The price we charge isn't related to the sales price, but rather they rest on our efforts to complete the appraisal.

We examine the difference in value items like an additional bathroom or a kitchen remodel can make on a daily basis. Getting a professional appraisal is a trusted way to decide 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 - because we're experts in knowing how long homes stay on the market.