Reasons to get an appraisal

To many, an appraisal is simply another fee on the settlement sheet for a home sale or refinance. Most lenders still call for a local expert because the stakes are incredibly high, even though there are a budding number of automated home valuation systems that may seem more cost-effective than an appraisal. But is securing a mortgage the only reason to get an appraisal? Are there additional cases when the services of a certified, independent real estate professional could come in handy? Of course.


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Dispute your tax assessment in Sumter County

It's likely 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 previous assessment of your home, so if values are less than what they used to be in your area, you can appeal your assessment and save money. An appraisal from Lowery Appraisal Group, Inc is your best evidence when building your case. At Lowery Appraisal Group, Inc,we can assist you in appealing your tax assessment.

Eliminating PMI will lower your mortgage payment

Private Mortgage Insurance, or PMI, is an extra insurance policy that many lenders ask homebuyers to buy when the amount being loaned to the buyer is more than 80% of the actual value of the property. Very often, this added payment is lumped into the monthly mortgage payment and is soon forgotten. PMI isn't necessary when the remainder of the loan - whether through market appreciation or principal pay down - goes below the 80% level, making this very unfortunate. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress that requires lenders to do away with the PMI installments when the balance is paid down to 78% of the original value.

Lowery Appraisal Group, Inc can produce a statement regarding the value of your home, and the price you paid for the appraisal can often be offset in little time because you'll no longer be paying the PMI.

Settling a divorce with less stress with an appraisal from Lowery Appraisal Group, Inc

A divorce is often complicated by the burdensome decision of who keeps the house, and it can be a very heartbreaking occurrence for both parties. So both parties are fully aware of the true market value of their house, it's a good idea to order an appraisal from Lowery Appraisal Group, Inc, regardless of the situation.

The parties will have a good idea of what price to set, if they need to sell the home. 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 mind

The 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 Market Value for the real estate 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).

Most Americans don't have dedicated estate planners or executors to manage these issues, unlike many wealthy individuals. And seeing that a home or other property often makes up an uneven share of the total estate value, knowing the true value of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've received a fair deal.

Lowery Appraisal Group, Inc can help you with relocating to or from Sumter County

Employee relocation can be a real pain, and we understand. That being said, we take great care in establishing an accommodating appointment time for the appraisal inspection. During our thorough process, we suggest relocating employees to provide remarks on the positive characteristics of their property, as well as information about any recent sales or listings in their neighborhood that they want considered.

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

Whether you decide 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 asking price. With much different interests than a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees aren't contingent upon the value opinion we render, but rather they are based on our efforts to finish the appraisal.

On a daily basis, we analyze the difference in value things like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long properties 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 too long, costing you time and money.