Let Nations First Appraisal take care of your appraisal

Each year, thousands of people in Virginia purchase, sell or refinance their home. Many of these transactions contain a simple line item for an appraisal. And even though there are a budding number of automated home valuation systems that may appear less expensive than an appraisal, the majority of lenders still call in a local expert because the stakes are very high. You might think that getting a mortgage is the only reason you should get an appraisal, but there are other situations when the services of a certified, independent real estate professional could be beneficial.

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Let Nations First Appraisal help you challenge your tax assessment in Spotsylvania County

It's possible you're paying too much in property taxes if you reside in an area where property values have declined. Property taxes are determined by a previous assessment of your home, so if prices are less than what they used to be in your area, you can appeal your assessment and save money. When building your case, an appraisal from Nations First Appraisal is your best evidence. At Nations First Appraisal, we're equipped to assist you in disputing your tax assessment.

Let Nations First Appraisal help you eliminate PMI to lower your mortgage payment

Private Mortgage Insurance, or PMI, is a supplemental insurance plan that almost all lenders ask homebuyers to purchase when the amount being loaned to the home owner is more than 80% of the actual value of the home. Very often, this additional payment is lumped into the monthly mortgage payment and is soon forgotten. This is bad because PMI becomes unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to do away with the PMI payments when the loan-to-value ratio conditions have been met.

Nations First Appraisal will give you a statement regarding the value of your home, and the price you paid for the home valuation can generally be recovered in little time because you'll no longer be paying the PMI.

Settling a divorce with less stress

A divorce is often complicated by the strenuous decision of who keeps the house, and it can be a very traumatic event for both parties. It's a good idea to get an appraisal from Nations First Appraisal so both parties are fully aware of the true market value of their property, regardless of the circumstances.

If the parties want to sell the home, they'll have a a good idea of what price to set. 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 difficult time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Market Value for the real estate involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the highest degree of discretion.

Most Americans do not have dedicated estate planners or executors to handle these affairs, unlike many wealthy individuals. And seeing that a home or other property often makes up an uneven share of the total estate value, understanding the precise value of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've gotten an honest deal.

Let Nations First Appraisal assist you in relocating to or from Spotsylvania County

We are aware of the headaches involved with an employee relocation. That being said, we take great care in setting up a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive aspects of their property, as well as information about any recent sales or listings in their area that they want considered during our intensive process.

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

A professional appraisal will help you make a more informed decision regarding your selling price, whether you choose to sell your home on your own or use the assistance of a real estate agent. Separate from a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees are derived from our efforts to perform 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 houses stay on the market. So, obtaining a professional appraisal is a trusted 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 for an extended amount of time.