Why you should order an appraisal

To a lot of us, an appraisal is simply one more thing on the break-sheet for a mortgage or refinance. Even though there are a growing number of automated home valuation methods that might seem more practical than an appraisal, most lenders still want a local expert because the stakes are so high. You might think that obtaining a mortgage is the only basis for getting an appraisal, but there are other instances when the services of a licensed, independent real estate professional could come in handy.


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Appeal your tax assessment in Warren County

If you reside in an area where the value of property has declined, it's possible you're paying too much in property taxes. When building your case, an appraisal from Southern Kentucky Appraisals is your best evidence. At Southern Kentucky Appraisals,we can assist you in appealing your tax assessment.

Let Southern Kentucky Appraisals help you get rid of PMI to lower your mortgage payment

When the amount being loaned to the home buyer is more than 80% of the actual value of the real estate, many lenders ask buyers to take out an supplemental insurance plan. That policy is Private Mortgage Insurance, or PMI. This extra payment is often lumped into the monthly mortgage payment and is soon forgotten. PMI is unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark, making this very unfortunate. In fact, the Homeowners Protection Act (HPA) of 1998 was approved by the United States Congress requiring lenders to eliminate the PMI payments on most mortgages when the balance is paid down to 78% of the original value.

Southern Kentucky Appraisals will produce a statement regarding the value of your home, and the expense of the appraisal can generally be regained in just a few months because you'll no longer be paying the PMI.

Settling a divorce with less stress

A divorce is a very heartbreaking ordeal for the parties involved, and it is often further complicated by the strenuous decision of who keeps the house. So both parties are completely aware of the true market value of their house, it's a good idea to order an appraisal from Southern Kentucky Appraisals, 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 assessment.

Trustworthy estate liquidation

The loss of a loved one is a difficult time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Market Value for the residential property involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the fullest degree of discretion.

Unlike wealthy individuals, most Americans don't have dedicated estate planners or executors to handle these affairs. And since a home or other property often makes up an uneven share of the total estate value, knowing the certain value of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've received an honest deal.

Southern Kentucky Appraisals can help you with relocating to or from Warren County

Employee relocation can be a real pain, and we understand. That being said, we take great care in organizing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive characteristics of their property, along with information regarding any recent sales or listings in their area that they want considered during our intensive process.

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

Whether you want 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 selling price. 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 finish the appraisal report and not a percentage of the sales price.

We analyze the difference in value things like an extra bathroom or a kitchen remodel can make on a daily basis. Seeking 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 properties stay on the market.