Reasons someone would hire Bates Real Estate & Appraisals, Inc.Each year, thousands of people in Florida buy, sell or refinance their home. A lot of these transactions include a simple line item for an appraisal. While there are an increasing number of automated home valuation methods that might appear more practical than an appraisal, practically all lenders still call for a local expert because the stakes are so high. But is securing a mortgage the only reason to acquire an appraisal? Are there additional times when the services of a licensed, independent real estate professional might come in handy? Absolutely.
Let Bates Real Estate & Appraisals, Inc. help you appeal your tax assessment in Polk 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 Bates Real Estate & Appraisals, Inc. is your best evidence when building your case. We're qualified to assist you in challenging your tax assessment.
How can you eliminate PMI to lower your mortgage payment?Private Mortgage Insurance, or PMI, is an added insurance policy that almost all lenders ask home buyers to purchase when the amount being loaned to the homebuyer is more than 80% of the actual value of the real estate. Very often, this extra payment is bundled into the monthly mortgage payment and is quickly forgotten. This is unfortunate because PMI isn't necessary when the remainder of the loan - whether through market appreciation or principal pay down - goes below the 80% mark. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to remove the PMI installments when the loan-to-value ratio conditions have been met.
Bates Real Estate & Appraisals, Inc. can give you a statement regarding the value of your home, and the cost of the appraisal can often be recovered in just a few months because you'll no longer be paying the PMI.
Settling a divorce with less stress with an appraisal from Bates Real Estate & Appraisals, Inc.A divorce is a very daunting event for the parties involved, and it is often more complicated by the difficult decision of who keeps the property. Regardless of the circumstances, it's a good idea to order an appraisal from Bates Real Estate & Appraisals, Inc. so both parties are completely aware of the true market value of their home.
If the parties need to sell the home, they'll have a clearer picture 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.
Trustworthy estate liquidationLosing a loved one is a hard time in life, and settling an estate from a death, or probate, often calls for an appraisal to establish Market Value for the real estate involved. We guarantee the fullest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Unlike many wealthy individuals, most Americans do not have dedicated estate planners or executors to take care of these affairs. A home or other property often makes up an unequal 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 received a fair deal.
Bates Real Estate & Appraisals, Inc. can help you with relocating to or from Polk CountyWe understand the headaches associated with an employee relocation. That's why we take great care in establishing a convenient appointment time for the appraisal inspection. During our thorough process, we suggest employees that are moving to provide feedback on the positive attributes of their property, as well as information regarding any current sales or listings in their area that they want considered.
Sell your home quickly at the right priceWhether you want to sell your home on your own or use the assistance of a real estate agent, a professional appraisal will 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, unlike real estate agents. Our fees are derived from our efforts to finish the appraisal report and and aren't related to 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 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 - because we're experts in knowing how long properties stay on the market.