Reasons someone would call Maui Aina Appraisal CompanyEach year, thousands of people in Hawaii buy, sell or refinance their home. A lot of these transactions involve a simple line item for an appraisal. The majority of lenders still want a local expert because the stakes are very high, even though there are a budding number of automated home valuation systems that may seem more practical than an appraisal. But is obtaining a mortgage the only reason to get an appraisal? Are there additional instances when the services of a licensed, independent real estate professional might be beneficial? You bet.
Let Maui Aina Appraisal Company help you challenge your tax assessment in Maui CountyIt's possible you're paying too much in property taxes if you reside in an area where property values have depreciated. Property taxes are determined by a past assessment of your real estate, 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 Maui Aina Appraisal Company is your best evidence when building your case. We're qualified to assist you in disputing your tax assessment.
Removing PMI will lower your mortgage paymentWhen the amount being loaned to the home owner is more than 80% of the actual value of the real estate, almost all lenders ask buyers to purchase an extra insurance plan. That policy is Private Mortgage Insurance, or PMI. Very often, this additional payment is lumped into the monthly mortgage payment and is soon forgotten. This is unfavorable because PMI is unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - goes below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress that requires lenders to dismiss the PMI payments when the balance is paid down to 78% of the original value.
If you'd like to get rid of PMI, Maui Aina Appraisal Company can give you a statement regarding the value of your home. The expense of the appraisal can generally be recovered in little time because you'll no longer be paying the PMI.
Divorce settlement with less stressA divorce can be an especially daunting event for both parties, and it is often further complicated by the difficult decision of who maintains the property. Regardless of the circumstances, it's a good idea to get an appraisal from Maui Aina Appraisal Company so both parties are completely aware of the true market value of their house.
If the parties wish to sell the home, they'll have a better idea of what price to set. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation.
Accurate and fair estate liquidationThe loss of a loved one is a painful time in life, and settling an estate from a death, or probate, often requires an appraisal to establish Fair Market Value for the residential property involved. We guarantee the utmost degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Unlike many wealthy individuals, most Americans don't have dedicated estate planners or executors to manage these matters. And since a home or other property often makes up an unequal share of the total estate value, knowing the true worth of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've received a fair deal.
Maui Aina Appraisal Company can assist you in relocating to or from Maui CountyEmployee relocation is a real pain, and we understand. That being said, we take great care in establishing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive features of their property, as well as information about any recent 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.A professional appraisal will help you make a better educated decision regarding your selling price, whether you want to sell your home on your own or with the help of a real estate agent. With much different interests than a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees are calculated on our efforts to finish the appraisal report and and aren't related to the sales price.
On a daily basis, we determine 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, seeking a professional appraisal is a trusted way to determine 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.