Reasons someone would use the services of Smith Appraisal Service

Every year, thousands of people in Arizona purchase, sell or refinance their home. Many of these transactions include a simple line item for an appraisal. Almost all lenders still need a local expert because the stakes are very high, even though there are a developing number of automated home valuation processes that may seem more economical than an appraisal. You might believe that securing a mortgage is the only reason to acquire an appraisal, but there are more instances when the services of a certified, independent real estate professional might be helpful.


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Let Smith Appraisal Service help you challenge your tax assessment in Yavapai County

It's probable you're paying too much in property taxes if you reside in an area where property values have declined. Ad Valorem taxes are determined by a past assessment of your house, so if prices are less than what they used to be in your area, you can appeal your assessment and save money. An appraisal from Smith Appraisal Service is your best evidence when building your case. We're capable of assisting you in challenging your tax assessment.

How can you get rid of PMI to lower your mortgage payment?

When the amount being loaned to the homebuyer is more than 80% of the actual value of the real estate, many lenders ask home owners to buy an additional insurance policy. That policy is Private Mortgage Insurance, or PMI. Seeing that extra payment is usually folded into the monthly mortgage payment, it is often forgotten. This is damaging because PMI isn't necessary when the remainder of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to remove the PMI payments when the loan-to-value ratio conditions have been met.

If you'd like to eliminate PMI, Smith Appraisal Service will produce a statement regarding the value of your home. The price you paid for the appraisal can generally be offset in little time because you'll no longer be paying the PMI.

Settling a divorce with less stress

A divorce can be a particularly traumatic experience for both parties, and it is often more complicated by the challenging decision of who keeps the home. It's a good idea to order an appraisal from Smith Appraisal Service so both parties are fully aware of the true market value of their house, regardless of the circumstances.

The parties will have a better idea of what price to set, if they wish to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair assessment.

Fair and accurate estate liquidation with Smith Appraisal ServiceSettling an estate

The death of a loved one is a hard time in life, and settling an estate from a death, or probate, often calls for an appraisal to establish Market Value for the residential property involved. We guarantee 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 wealthier individuals. And since a home or other property often makes up an uneven share of the total estate value, knowing the absolute value of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've gotten an honest deal.

Let Smith Appraisal Service assist you in relocating to or from Yavapai County

We are aware of the stress associated with an employee relocation. That being said, we take great care in establishing a convenient appointment time for the appraisal inspection. During our detailed process, we suggest relocating employees to provide input on the positive aspects of their property, as well as information regarding any new sales or listings in their neighborhood that they want considered.

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

A professional appraisal can help you make a more informed decision regarding your asking price, whether you choose to sell your home on your own or use the assistance of a real estate agent. With much different interests than a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees are based on our efforts to complete the appraisal report and and aren't related to the sales price.

We examine the difference in value things like an additional 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, obtaining 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 too long, costing you time and money.