Ordering an appraisal from Faye ArdoinYear after year, thousands of people in Louisiana purchase, sell or refinance their home. Many of these transactions contain a simple line item for an appraisal. Almost all lenders still call for a local expert because the stakes are so high, even though there are an increasing number of automated home valuation processes that may appear to be cheaper than an appraisal. But is securing a mortgage the only reason to get an appraisal? Are there additional situations when the services of a certified, independent real estate professional might come in handy? You bet there are.
Challenge your tax assessment in Allen CountyIt's quite possible you're paying too much in property taxes if you live in an area where property values have depreciated. Property taxes are determined by a past assessment of your house, so if values have gone down in your neighborhood, you can appeal your assessment and save money. An appraisal from Faye Ardoin is your best evidence when building your case. We're qualified to assist you in challenging your tax assessment.
Let Faye Ardoin help you lower your mortgage paymentWhen the amount being loaned to the homebuyer is more than 80% of the actual value of the home, nearly all lenders ask home owners to buy an added insurance plan. That policy is Private Mortgage Insurance, or PMI. This additional payment is often lumped into the monthly mortgage payment and is soon forgotten. PMI is unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - dips below the 80% level, making this very unfortunate. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress requiring lenders to do away with the PMI payments on most mortgages when the balance is paid down to 78% of the original value.
If you'd like to do away with PMI, Faye Ardoin can give you a statement regarding the value of your home. The price you paid for the home valuation can often be regained in just a few months because you'll no longer be paying the PMI.
Divorce settlement with less stressA divorce is a particularly heartbreaking ordeal for the parties involved, and it is often more complicated by the hard decision of who maintains the property. So both parties are fully aware of the true market value of their property, it's a good idea to order an appraisal from Faye Ardoin, regardless of the circumstances.
If the parties want 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 gotten a fair assessment.
Settling an estate with peace of mindLosing a loved one is a hard time in life, and settling an estate from a death, or probate, often requires 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, guaranteeing the utmost degree of discretion.
Unlike many wealthy individuals, most Americans do not have dedicated estate planners or executors to take care of these issues. And since a home or other property often makes up an unequal share of the total estate value, understanding the precise value of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've gotten an honest deal.
Let Faye Ardoin assist you in relocating to or from Allen CountyWe are aware of the stress involved with an employee relocation. That being said, we take great care in organizing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive aspects of their property, as well as information regarding any new sales or listings in their neighborhood that they want considered during our intensive process.
Let Faye Ardoin help you sell your home quickly at the right priceA 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 use the assistance of a real estate agent. Unlike a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees aren't a percentage of the sales price, but rather they depend on our efforts to finish the appraisal.
On a daily basis, we examine 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, getting a professional appraisal is a trusted 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.