6 Reasons you should order an appraisal from Mid-Ohio Appraisal Services

Year after year, thousands of people in Ohio purchase, sell or refinance their home. Most of these transactions contain a simple line item for an appraisal. Most lenders still need a local expert because the stakes are very high, even though there are a multiplying number of automated home valuation processes that may seem more practical than an appraisal. You might think that securing a mortgage is the only basis for getting an appraisal, but there are additional times when the services of a certified, independent real estate professional might be beneficial.

Let Mid-Ohio Appraisal Services assist you in lowering your mortgage payment

Challenge your tax assessment in Franklin County

If you are in an area where the property value has depreciated, it's possible you're paying too much in property taxes. When building your case, an appraisal from us is your best evidence. At Mid-Ohio Appraisal Services, we're capable of assisting you in appealing your tax assessment.

Get rid of PMI to lower your mortgage payment

Private Mortgage Insurance, or PMI, is an added insurance policy that most lenders ask buyers to purchase when the amount being loaned to the home buyer is more than 80% of the actual value of the property. Since the additional payment is usually folded 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 - falls below the 80% mark, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress requiring lenders to remove the PMI payments when the loan-to-value ratio conditions have been met.

If you'd like to do away with PMI, Mid-Ohio Appraisal Services will provide you with a statement regarding the value of your home. The expense of the appraisal can generally be regained in little time because you'll no longer be paying the PMI.

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Settle a divorce with fewer hang-ups

A divorce is a very traumatic experience for the parties involved, and it is often more complicated by the strenuous decision of who gets the property. Regardless of the circumstances, it's a good idea to order an appraisal from Mid-Ohio Appraisal Services so both parties are completely aware of the true market value of their property.

If the parties want 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 evaluation.

Accurate and fair 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 Fair Market Value for the real estate involved. We guarantee the maximum 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 don't have dedicated estate planners or executors to manage these issues. A home or other property often makes up an uneven share of the total estate value, so understanding the true worth 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 Franklin County through an employee relocation program

We understand the headaches involved with an employee relocation. We take great care in establishing an accommodating appointment time for the appraisal inspection. During our detailed inspection, we encourage relocating employees to provide remarks on the positive aspects of their property, as well as information regarding any recent sales or listings in their area that they want considered.

Close on your home quickly — at the right price

Whether 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 regarding your selling price. Unlike a real estate agent, an appraiser has no vested interest in what price 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.

On a daily basis, we determine the difference in value items like an additional bathroom or a kitchen remodel can make. Obtaining a professional appraisal is a trusted 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 are one the market.

Let Mid-Ohio Appraisal Services assist you in selling your home quickly at the right price