Why you should hire an appraiser

To many, an appraisal is simply another fee on the settlement sheet for a home sale or refinance. While there are a growing number of automated home valuation processes that may appear more economical than an appraisal, the majority of lenders still call for a local expert because the stakes are very high. You might assume that obtaining a mortgage is the only basis for getting an appraisal, but there are additional times when the services of a certified, independent real estate professional might come in handy.

If you're planning on any transaction where the value of your house is a factor, you should contact Selective Appraisal Services. Just click here.

Let Selective Appraisal Services help you challenge your tax assessment in Maricopa County

If you live in an area where the value of property has depreciated, it's possible you're paying too much in property taxes. When building your case, an appraisal from Selective Appraisal Services is your best evidence. At Selective Appraisal Services, we're qualified to assist you in challenging your tax assessment.

How can you do away with PMI to lower your mortgage payment?

Private Mortgage Insurance, or PMI, is an additional insurance plan that many lenders ask home owners to purchase when the amount being loaned to the home owner is more than 80% of the actual value of the real estate. This additional payment is often lumped into the monthly mortgage payment and is promptly forgotten. PMI isn't required when the remainder of the loan - whether through market appreciation or principal pay down - goes below the 80% level, making this very unfavorable. 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.

If you'd like to do away with PMI, Selective Appraisal Services will give you a statement regarding the value of your home. The price you paid for the appraisal can generally 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 Selective Appraisal Services

A divorce can be a very traumatic experience for both parties, and it is often even more complicated by the strenuous decision of who keeps the home. It's a good idea to order an appraisal from Selective Appraisal Services so both parties are entirely aware of the true market value of their home, regardless of the circumstances.

If the parties want to sell the home, they'll have a clearer picture of what price to set. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've gotten a fair assessment.

Trustworthy estate liquidation

The death of a loved one is a hard time in life, and settling an estate from a death, or probate, often entails an appraisal to establish 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).

Most Americans don't have dedicated estate planners or executors to take care of these issues, unlike wealthy individuals. And seeing that a home or other property often makes up a disproportionate share of the total estate value, understanding 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.

Selective Appraisal Services can help you with relocating to or from Maricopa County

We understand the stress associated with an employee relocation. That's why we take great care in organizing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive aspects of their property, as well as information about any current sales or listings in their neighborhood that they want considered during our detailed process.

Selling your home quickly at the right price with an appraisal from Selective Appraisal Services

A professional appraisal will help you make a more informed decision when determining your asking price, whether you choose to sell your home on your own or use the assistance of a real estate agent. An appraiser has no vested interest in what price the house sells for, unlike real estate agents. Our fees are derived from our efforts to complete the appraisal report and and aren't related to the sales price.

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 properties stay on the market. So, getting a professional appraisal is a trusted way to decide 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 an unnecessarily long time.