Reasons to get an appraisal from Allied Appraisal Services

Each year, thousands of people in Ohio purchase, sell or refinance their home. A lot of these transactions have a simple line item for an appraisal. Most lenders still call for a local expert because the stakes are so high, even though there are a multiplying number of automated home valuation processes that might appear to be more practical than an appraisal. But is obtaining a mortgage the only reason you should get an appraisal? Are there more cases when the services of a certified, independent real estate professional might be helpful? Of course.


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Let Allied Appraisal Services help you challenge your tax assessment in Franklin County

If you reside in an area where property values have declined, it's possible you're paying too much in property taxes. An appraisal from Allied Appraisal Services is your best evidence when building your case. We're equipped to assist you in appealing your tax assessment.

Allied Appraisal Services can help you eliminate PMI to lower your mortgage payment

When the amount being loaned to the homeowner is more than 80% of the actual value of the real estate, many lenders ask home buyers to take out an extra insurance policy. That policy is Private Mortgage Insurance, or PMI. Since the additional payment is usually folded into the monthly mortgage payment, it is often forgotten. This is damaging because PMI is unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - falls below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was approved by the United States Congress requiring lenders to remove the PMI payments on most mortgages when the balance is paid down to 78% of the original value.

If you'd like to eliminate PMI, Allied Appraisal Services can give you a statement regarding the value of your home. The price you paid for the appraisal can usually be offset in a short amount of time because you'll no longer be paying the PMI.

Settling a divorce with less stress

A divorce is a particularly heartbreaking event for the parties involved, and it is often even more complicated by the troublesome decision of who maintains the property. So both parties are entirely aware of the true market value of their house, it's a good idea to order an appraisal from Allied Appraisal Services, regardless of the situation.

The parties will have a better 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 requires an appraisal to establish Market Value for the residential property involved. We guarantee the highest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).

Most Americans do not have dedicated estate planners or executors to take care of these affairs, unlike wealthy individuals. A home or other property often makes up an uneven share of the total estate value, so knowing the true value of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've gotten an honest deal.

Relocating to or from Franklin County

Employee relocation is a real pain, and we understand. That being said, we take great care in setting up an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive attributes of their property, as well as information regarding any new sales or listings in their area that they want considered during our detailed process.

Let Allied Appraisal Services help you sell your home quickly at the right price

A professional appraisal can help you make a more informed decision when determining your asking price, whether you want to sell your home on your own or with the help of a real estate agent. An appraiser has no vested interest in what price the house sells for, unlike real estate agents. Our fees aren't contingent upon the value we report, but rather they depend on our efforts to finish the appraisal.

On a daily basis, we determine the difference in value things like an additional bathroom or a kitchen remodel can make. And we're experts in knowing how long homes stay on the market. So, seeking a professional appraisal is a reliable way to decide what improvements will add value and what a suitable 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.