6 Reasons to order an appraisal from Active Appraisal Service

To a lot of us, an appraisal is simply one more thing in the long list of items for a home purchase or refinance. Nearly all lenders still want a local expert because the stakes are very high, even though there are a growing number of automated home valuation methods that may appear to be more economical than an appraisal. You might believe that securing a mortgage is the only reason you should get an appraisal, but there are additional instances when the services of a certified, independent real estate professional might come in handy.

Let Active Appraisal Service assist you in lowering your mortgage payment

Appeal your tax assessment in Tulsa 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 previous assessment of your real estate, so if values have declined in your neighborhood, you can appeal your assessment and save money. An appraisal from Active Appraisal Service is your best evidence when building your case. At Active Appraisal Service, we're equipped to assist you in disputing your tax assessment.

Getting rid of your PMI for mortgage payments

Private Mortgage Insurance, or PMI, is an added insurance plan that most lenders ask home owners to buy when the amount being loaned to the home buyer is more than 80% of the actual value of the home. This added payment is often bundled into the monthly mortgage payment and is soon forgotten. This is bad because PMI is unnecessary when the leftover balance 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 requiring lenders to eliminate the PMI payments when the loan-to-value ratio conditions have been met.

If you'd like to get rid of PMI, Active Appraisal Service will provide you with a statement regarding the value of your home. The price you paid for the home valuation can generally be offset in little time because you'll no longer be paying the PMI.

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Divorce settlement with fewer hang-ups

A divorce can be a particularly daunting ordeal for both parties, and it is often even more complicated by the challenging decision of who keeps the house. So both parties are entirely aware of the true market value of their house, it's a good idea to get an appraisal from Active Appraisal Service, regardless of the circumstances.

If the parties wish 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 gotten a fair evaluation.

Accurate and fair estate liquidation

Losing a loved one is a painful time in life, and settling an estate from a death, or probate, often requires an appraisal to establish Fair Market Value for the residential property involved. We guarantee the maximum 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 handle these affairs, unlike wealthy individuals. And since a home or other property often makes up an uneven share of the total estate value, understanding the true worth of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've gotten a fair deal.

Move to or from Tulsa County through an employee relocation program

We are aware of the headaches involved with an employee relocation. That being said, we take great care in organizing an accommodating appointment time for the appraisal inspection. During our thorough inspection, we recommend relocating employees to provide input on the positive attributes of their property, along with information regarding any recent sales or listings in their area that they want considered.

Close on your home promptly — at the right price

Whether you decide 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 asking price. An appraiser has no vested interest in what amount the house sells for, unlike real estate agents. Our fees rest on our efforts to finish the appraisal report and not a percentage of the sales price.

We analyze the difference in value items like an extra bathroom or a kitchen remodel can make on a daily basis. Getting a professional appraisal is a reliable 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, because we're experts in knowing how long houses are one the market.

Let Active Appraisal Service help you sell your home quickly at the right price