Why you should order an appraisal from Mason's Appraisal Service

Every year, thousands of people in Kentucky buy, sell or refinance their home. Many of these transactions have a simple line item for an appraisal. And even though there are a developing number of automated home valuation methods that may seem less expensive than an appraisal, practically all lenders still want a local expert because the stakes are so high. But is securing a mortgage the only basis for getting an appraisal? Are there more situations when the services of a licensed, independent real estate professional could be helpful? Of course.

Secure appraisal ordering is easy from Mason's Appraisal Service. Just click here

Appeal your tax assessment in Mason County

It's quite possible you're paying too much in property taxes if you reside in an area where property values have declined. Property taxes are based upon a previous assessment of your real estate, so if prices have gone down in your area, you can challenge your assessment and save money. An appraisal from Mason's Appraisal Service is your best evidence when building your case. At Mason's Appraisal Service,we can assist you in disputing your tax assessment.

Mason's Appraisal Service can help you eliminate 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 property. Very often, this extra payment is folded into the monthly mortgage payment and is quickly forgotten. This is unfortunate 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 approved by the United States Congress that requires lenders to eliminate the PMI payments on most mortgages when the balance is paid down to 78% of the original value.

If you'd like to do away with PMI, Mason's Appraisal Service can provide you with a statement regarding the value of your home. The price you paid for the home valuation can usually be offset in little time because you'll no longer be paying the PMI.

Settling a divorce with less stress

A divorce is a very traumatic event for the parties involved, and it is often further complicated by the burdensome decision of who maintains the house. So both parties are fully aware of the true market value of their property, it's a good idea to order an appraisal from Mason's Appraisal Service, regardless of the circumstances.

The parties will have a clearer picture 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 evaluation.

Accurate and fair estate liquidation

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 real estate 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).

Unlike many wealthy individuals, most Americans do not have dedicated estate planners or executors to handle these matters. And since a home or other property often makes up an uneven share of the total estate value, understanding the true value of the real estate at hand is of significant importance to ensuring disputing parties leave knowing they've gotten a fair deal.

Let Mason's Appraisal Service help you with relocating to or from Mason County

We know the headaches involved with an employee relocation. We take great care in establishing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive aspects of their property, as well as information regarding any recent sales or listings in their neighborhood that they want considered during our thorough process.

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

A professional appraisal will help you make a more informed decision regarding your asking price, whether you decide to sell your home on your own or use the assistance of a real estate agent. An appraiser has no vested interest in what amount the house sells for, which is different than the interest of real estate agents. The price we charge isn't a percentage of the sales price, but rather they rest on our efforts to complete the appraisal.

We analyze the difference in value things like an extra bathroom or a kitchen remodel can make on a daily basis. Obtaining a professional appraisal is a reliable way to determine 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 an unnecessarily long time - because we're experts in knowing how long properties stay on the market.