There are lots of reasons people call on Mahoney Appraisals

To a lot of people, an appraisal just looks like one more thing on the settlement sheet for a mortgage or refinance. Even though there are a developing number of automated home valuation systems that may seem less expensive than an appraisal, the majority of lenders still want a local expert because the stakes are so high. You might think that obtaining a mortgage is the only reason to acquire an appraisal, but there are additional cases when the services of a licensed, independent real estate professional might be helpful.

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Challenge your tax assessment in Martin County

It's likely you're paying too much in property taxes if you live in an area where property values have declined. Property taxes are determined by a previous assessment of your house, so if prices have gone down in your area, you can appeal your assessment and save money. When building your case, an appraisal from Mahoney Appraisals is your best evidence. At Mahoney Appraisals, we're equipped to assist you in disputing your tax assessment.

Eliminating PMI will lower your mortgage payment

When the amount being loaned to the buyer is more than 80% of the actual value of the property, nearly all lenders ask homebuyers to buy an extra insurance plan. That policy is Private Mortgage Insurance, or PMI. Since the extra payment is usually folded into the monthly mortgage payment, it is often forgotten. PMI is no longer required when the leftover balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% level, making this very unfortunate. In fact, the United States Congress invoked 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.

Mahoney Appraisals can give you a statement regarding the value of your home, and the expense 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 Mahoney Appraisals

A divorce is an especially daunting experience for the parties involved, and it is often further complicated by the strenuous decision of who gets the home. So both parties are entirely aware of the true market value of their house, it's a good idea to get an appraisal from Mahoney Appraisals, regardless of the situation.

The parties will have a clearer picture of what price to set, if they need to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation.

Fair and accurate estate liquidation

Losing 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 residential property involved. We guarantee 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 take care of these affairs, unlike wealthy individuals. And seeing that a home or other property often makes up a disproportionate share of the total estate value, knowing the precise value of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've gotten an honest deal.

Relocating to or from Martin County?

Employee relocation can be a real pain, and we understand. We take great care in organizing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive features of their property, as well as information regarding any current sales or listings in their area that they want considered during our thorough process.

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

Whether you want 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 asking price. Separate from a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees aren't related to the sales price, but rather they are calculated on our efforts to finish the appraisal.

We analyze 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 homes are on the market. So, getting 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 for an extended amount of time.