Reasons to order an appraisal from All Aboard Appraisals, Inc.Each year, thousands of people in Virginia purchase, sell or refinance their home. Most of these transactions have a simple line item for an appraisal. While there are an increasing number of automated home valuation processes that might appear to be more cost-effective than an appraisal, most lenders still call for a local expert because the stakes are so high. Is securing a mortgage the only reason to get an appraisal? Are there other situations when the services of a certified, independent real estate professional could be beneficial? Absolutely. 
Challenge your tax assessmentIf you live in an area where property values have declined, it's possible you're paying too much in property taxes. An appraisal from All Aboard Appraisals, Inc. is your best evidence when building your case. At All Aboard Appraisals, Inc., we're equipped to assist you in challenging your tax assessment. PMI removal to reduce a mortgage paymentPrivate Mortgage Insurance, or PMI, is an added insurance policy that many lenders ask home owners to buy when the amount being loaned to the home buyer is more than 80% of the actual value of the real estate. This extra payment is often lumped into the monthly mortgage payment and is quickly forgotten. This is unfortunate because PMI is no longer required when the remaining balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress requiring lenders to dismiss the PMI installments when the loan-to-value ratio conditions have been met. If you'd like to eliminate PMI, All Aboard Appraisals, Inc. will produce a statement regarding the value of your home. The expense of the appraisal can usually be regained in little time because you'll no longer be paying the PMI. Order your appraisal from All Aboard Appraisals, Inc. today Order todayGet a fair valuation on a home for divorce settlementsA divorce is an especially daunting event for the parties involved, and it is often further complicated by the difficult decision of who keeps the property. It's a good idea to get an appraisal from All Aboard Appraisals, Inc. so both parties are fully aware of the true market value of their home, regardless of the circumstances. The parties will have a clearer picture of what price to set, if they wish to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation. Accurate and fair estate liquidationThe death of 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 Fair Market Value for the residential property involved. We ensure 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 wealthier individuals, most Americans don't have dedicated estate planners or executors to manage these matters. A home or other property often makes up an unequal share of the total estate value, so knowing the true value of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've received an honest deal. Relocate to or from Essex County through an employee relocation programEmployee relocation is a stressful event, and we understand. That being said, we take great care in establishing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive characteristics of their property, along with information about any recent sales or listings in their area that they want considered during our thorough inspection. Close on your home promptly — at an accurate priceWhether you choose to sell your home on your own or use the assistance of a real estate agent, a professional appraisal can help you make a better educated decision regarding your selling price. Apart from 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 based on our efforts to finish the appraisal report. On a daily basis, we determine the difference in value items like an additional bathroom or a kitchen remodel can make. And we're experts in knowing how long propertiesstay on the market. So, getting a professional appraisal is a reliable way to decide what improvements will add value and what a suitable sales price is for your home so you don't come up short or have your house on the market an unnecessarily long time. 
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