Reasons to order an appraisal from Elizabeth Real Estate Appraisal Company, LLCThousands of people in Oklahoma purchase, sell or refinance their home every year. Many of these transactions consist of a simple line item for an appraisal. And even though there are an increasing number of automated home valuation systems that might appear to be cheaper than an appraisal, nearly all lenders still call in a local expert because the stakes are very high. Is getting a mortgage the only reason to get an appraisal? Are there more instances when the services of a certified, independent real estate professional might be helpful? Of course. 
Appeal your tax assessmentIf you live in an area where property values have declined, it's possible you're paying too much in property taxes. An appraisal from Elizabeth Real Estate Appraisal Company, LLC is your best evidence when building your case. We can assist you in challenging your tax assessment. Getting rid of your PMI for mortgage paymentsPrivate Mortgage Insurance, or PMI, is a supplemental insurance policy that nearly all lenders ask home owners to purchase when the amount being loaned to the home buyer is more than 80% of the actual value of the home. This extra payment is often folded into the monthly mortgage payment and is promptly forgotten. PMI is no longer required when the remainder of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was invoked by the United States Congress requiring lenders to dismiss the PMI installments when the loan-to-value ratio conditions have been met. If you'd like to eliminate PMI, Elizabeth Real Estate Appraisal Company, LLC will give you a statement regarding the value of your home. The expense of the home valuation can often be offset in little time because you'll no longer be paying the PMI. Get your appraisal from Elizabeth Real Estate Appraisal Company, LLC Order onlineSettle a divorce with fewer hang-upsA divorce can be a particularly horrible ordeal for both parties, and it is often even more complicated by the strenuous decision of who gets the property. It's a good idea to get an appraisal from Elizabeth Real Estate Appraisal Company, LLC so both parties are entirely aware of the true market value of their house, regardless of the circumstances. The parties will have a clearer picture of what price to set, if they wish to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've gotten a fair assessment. Determine a fair and accurate valuation for estate liquidationThe loss of 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. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the fullest degree of discretion. Unlike many wealthy individuals, most Americans do not have dedicated estate planners or executors to manage these affairs. And since a home or other property often makes up an uneven share of the total estate value, understanding the true value of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've received a fair deal. Move to or from Woodward County for workWe understand the headaches involved with an employee relocation. That's why we take great care in organizing a convenient appointment time for the appraisal inspection. During our detailed inspection, we encourage relocating employees to provide input on the positive features of their property, as well as information regarding any new sales or listings in their area that they want considered. Close on your home promptly — at an accurate priceWhether you choose 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 selling price. Unlike 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 are calculated on our efforts to complete the appraisal report. We determine the difference in value things like an extra bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long houses stay on the market. So, seeking a professional appraisal is a reliable 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. 
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