Let Kennamer Appraisals handle your appraisalThousands of people in Alabama purchase, sell or refinance their home each year. A lot of these transactions include a simple line item for an appraisal. Almost all lenders still call for a local expert because the stakes are incredibly high, even though there are a multiplying number of automated home valuation systems that may appear more practical than an appraisal. But is getting a mortgage the only reason to acquire an appraisal? Are there more situations when the services of a licensed, independent real estate professional might be beneficial? Absolutely.
Appeal your tax assessment in Madison, Morgan, Limestone, Jackson, or Marshall CountyIt'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 past assessment of your home, so if values are less than what they used to be in your neighborhood, you can appeal your assessment and save money. An appraisal from Kennamer Appraisals is your best evidence when building your case. At Kennamer Appraisals, we're qualified to assist you in challenging your tax assessment.
PMI removal will lower your mortgage paymentPrivate Mortgage Insurance, or PMI, is a supplemental insurance plan that nearly all lenders ask home owners to purchase when the amount being loaned to the homeowner is more than 80% of the actual value of the property. This additional payment is often lumped into the monthly mortgage payment and is quickly forgotten. This is damaging because PMI is no longer required when the leftover balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to do away with the PMI installments when the loan-to-value ratio conditions have been met.
If you'd like to do away with PMI, Kennamer Appraisals can give you a statement regarding the value of your home. The cost of the home valuation can usually be recovered in just a few months because you'll no longer be paying the PMI.
Settling a divorce with less stressA divorce is often complicated by the difficult decision of who gets the house, and it can be an especially heartbreaking experience for both parties. It's a good idea to get an appraisal from Kennamer Appraisals so both parties are entirely aware of the true market value of their house, regardless of the situation.
The parties will have a better idea of what price to set, if they want to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.
Settling an estate with peace of mindThe death 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 Market Value for the residential property involved. We ensure 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 don't have dedicated estate planners or executors to manage these issues, unlike wealthy individuals. 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 essential importance to ensuring disputing parties leave knowing they've received a fair deal.
Kennamer Appraisals can assist you in relocating to or from the North Alabama area.
Employee relocation can be a real pain, and we understand. That's why we take great care in organizing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive attributes of their property, along with information about any recent sales or listings in their neighborhood that they want considered during our thorough process.
Let Kennamer Appraisals assist you in selling 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 more informed decision regarding your selling price. Separate from a real estate agent, an appraiser has no vested interest in what amount the house sells for. The price we charge isn't contingent upon the value we report, but rather they are based on our efforts to finish the appraisal.
On a daily basis, we analyze the difference in value items like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long houses are on the market. So, obtaining a professional appraisal is a reliable way to determine what improvements will add value and what an appropriate sales price is for your home so you don't come up short or have your house on the market for an extended amount of time.