Why you should get an appraisalYear after year, thousands of people in Florida purchase, sell or refinance their home. Many of these transactions contain a simple line item for an appraisal. Almost all lenders still call in a local expert because the stakes are very high, even though there are a multiplying number of automated home valuation systems that might appear more practical than an appraisal. Is obtaining a mortgage the only basis for getting an appraisal? Are there other situations when the services of a certified, independent real estate professional might be beneficial? Of course there are. 
Appeal your tax assessment in Martin CountyIt's likely you're paying too much in property taxes if you reside in an area where property values have depreciated. Ad Valorem taxes are determined by a previous assessment of your real estate, so if prices have declined in your area, you can challenge your assessment and save money. An appraisal from Island House Appraisals Inc is your best evidence when building your case. At Island House Appraisals Inc, we're equipped to assist you in appealing your tax assessment. Get rid of PMI to lower your mortgage paymentWhen the amount being loaned to the home owneris more than 80% of the actual value of the property, most lenders ask homebuyers to take out this added insurance plan. That policy is Private Mortgage Insurance, or PMI. Since the added payment is usually bundled 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 - decreases below the 80% level, making this very unfortunate. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress that requires lenders to eliminate the PMI installments when the loan-to-value ratio conditions have been met. Island House Appraisals Inc will produce a statement regarding the value of your home, and the expense of the home valuation can often be regained in little time because you'll no longer be paying the PMI. Get your appraisal from Island House Appraisals Inc Order todayDivorce settlement with less stressA divorce is often complicated by the difficult decision of who gets the property, and it can be a particularly daunting event for both parties. It's a good idea to order an appraisal from Island House Appraisals Inc so both parties are entirely aware of the true market value of their property, regardless of the situation. 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 assessment. Accurate and fair estate liquidationThe 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 Fair Market Value for the real estate involved. We guarantee the highest 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 wealthy individuals. A home or other property often makes up an unequal share of the total estate value, so knowing the true worth of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've gotten a fair deal. Relocate to or from Martin County for workEmployee relocation is a stressful event, and we understand. That being said, we take great care in setting up an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive features of their property, as well as information about any current sales or listings in their area that they want considered during our thorough inspection. Close on your home quickly — at the right priceWhether 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 better educated decision when determining your asking price. Apart from a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees aren't a percentage of the sales price, but rather they depend on our efforts to complete the appraisal report. On a daily basis, we analyze the difference in value items like an extra bathroom or a kitchen remodel can make. Seeking 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 properties stay on the market. 
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