Reasons someone would use the services of Nathan Wallace AppraisalsThousands of people in southeast Alabama buy, sell or refinance their home each year. Most of these transactions contain a simple line item for an appraisal. The majority of lenders still call in a local expert because the stakes are incredibly high, even though there are a multiplying number of automated home valuation methods that might appear less expensive than an appraisal. You might believe that securing a mortgage is the only reason you should get an appraisal, but there are other instances when the services of a licensed, independent real estate professional might be helpful.
Let Nathan Wallace Appraisals help you dispute your tax assessment in Houston CountyIf you live in an area where property values have declined, it's possible you're paying too much in property taxes. An appraisal from Nathan Wallace Appraisals is your best evidence when building your case. We're equipped to assist you in appealing your tax assessment.
Let Nathan Wallace Appraisals assist you in lowering your mortgage paymentPrivate Mortgage Insurance, or PMI, is an added insurance policy that almost all lenders ask homeowners to purchase when the amount being loaned to the buyer is more than 80% of the actual value of the real estate. Since the additional payment is usually folded into the monthly mortgage payment, it is often forgotten. This is damaging because PMI isn't required when the remaining balance of the loan - whether through market appreciation or principal pay down - falls below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress requiring lenders to dismiss the PMI installments when the balance is paid down to 78% of the original value.
Nathan Wallace Appraisals will produce a statement regarding the value of your home, and the price you paid for the appraisal can often be recovered in little time because you'll no longer be paying the PMI.
Settling a divorce with less stress with an appraisal from Nathan Wallace AppraisalsA divorce is often complicated by the challenging decision of who maintains the home, and it can be a particularly traumatic event for both parties. Regardless of the circumstances, it's prudent to get an appraisal from Nathan Wallace Appraisals so both parties are fully aware of the true market value of their property.
If the parties need to sell the home, they'll have a better idea of what price to set. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation.
Accurate and fair estate liquidationThe 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 residential property involved. We ensure the utmost degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Most Americans do not have dedicated estate planners or executors to manage these matters, unlike many wealthy 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 walk away knowing they've gotten an honest deal.
Relocating to or from Houston County?Moving due to a job change is a stressful event, and we understand. That being said, we take great care in organizing an accommodating appointment time for the appraisal inspection. During our thorough process, we encourage relocating employees to provide input on the positive aspects of their property, along with information about any recent sales or listings in their neighborhood that they want considered.
Selling your home quickly at the right price with an appraisal from Nathan Wallace AppraisalsA 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 with the help of a real estate agent. An appraiser has no vested interest in what amount the house sells for, which is different than the interest of real estate agents. Our fees are based on our efforts to perform the appraisal report and and aren't related to the sales price.
On a daily basis, we determine the difference in value things like an extra bathroom or a kitchen remodel can make. Seeking a professional appraisal is a trusted way to determine 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 stay on the market.