Why you should order an appraisal from Heritage Home Appraisals

Thousands of people in Arizona buy, sell or refinance their home every year. Many of these transactions consist of a simple line item for an appraisal. The majority of lenders still want a local expert because the stakes are so high, even though there are a developing number of automated home valuation systems that might seem less expensive than an appraisal. You might think that getting a mortgage is the only reason to get an appraisal, but there are other instances when the services of a licensed, independent real estate professional might come in handy.


	If you're planning on any transaction where the value of your real estate is a factor, you should contact Heritage Home Appraisals. Just click here.

Dispute your tax assessment in Maricopa County

If you live in an area where property values have depreciated, it's possible you're paying too much in property taxes. An appraisal from Heritage Home Appraisals is your best evidence when building your case. At Heritage Home Appraisals,we can assist you in appealing your tax assessment.

Heritage Home Appraisals can help you eliminate PMI to lower your mortgage payment

When the amount being loaned to the homebuyer is more than 80% of the actual value of the real estate, many lenders ask home buyers to buy an supplemental insurance policy. That policy is Private Mortgage Insurance, or PMI. Since the extra payment is usually bundled into the monthly mortgage payment, it is often forgotten. PMI is no longer required when the remainder of the loan - whether through market appreciation or principal pay down - decreases below the 80% level, 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 installments when the balance is paid down to 78% of the original value.

If you'd like to do away with PMI, Heritage Home Appraisals can provide you with a statement regarding the value of your home. The price you paid for 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

A divorce is an especially traumatic event for the parties involved, and it is often even more complicated by the strenuous decision of who gets the house. Regardless of the situation, it's prudent to get an appraisal from Heritage Home Appraisals so both parties are entirely aware of the true market value of their property.

If the parties need to sell the home, they'll have a better idea of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.

Fair and accurate estate liquidation

Losing a loved one is a difficult 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. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the utmost degree of discretion.

Unlike many wealthy individuals, most Americans don't have dedicated estate planners or executors to handle these matters. A home or other property often makes up a disproportionate 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 gotten a fair deal.

Let Heritage Home Appraisals assist you in relocating to or from Maricopa County

We understand the headaches associated with an employee relocation. That being said, we take great care in establishing an accommodating appointment time for the appraisal inspection. During our intensive process, we suggest relocating employees to provide feedback on the positive features of their property, along with information regarding any current sales or listings in their neighborhood that they want considered.

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

A professional appraisal will help you make a more informed decision regarding your selling price, whether you choose to sell your home on your own or with the help of a real estate agent. Separate from a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees are calculated on our efforts to perform the appraisal report and and aren't related to the sales price.

We examine 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 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 too long, costing you hassle and money.