Reasons to get an appraisal from Platinum Appraisals, LLC

Thousands of people in Florida buy, sell or refinance their home each year. Many of these transactions consist of a simple line item for an appraisal. Almost all lenders still call in a local expert because the stakes are so high, even though there are a growing number of automated home valuation systems that might appear to be less expensive than an appraisal. You might assume that securing a mortgage is the only reason you should get an appraisal, but there are additional instances when the services of a licensed, independent real estate professional might be helpful.


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Challenge your tax assessment in Hillsborough County

It's likely you're paying too much in property taxes if you live in an area where property values have depreciated. Property taxes are determined by a past assessment of your real estate, so if values have gone down in your area, you can challenge your assessment and save money. An appraisal from Platinum Appraisals, LLC is your best evidence when building your case. At Platinum Appraisals, LLC, we're equipped to assist you in disputing your tax assessment.

Let Platinum Appraisals, LLC help you eliminate PMI to lower your mortgage payment

Private Mortgage Insurance, or PMI, is an extra insurance policy that many lenders ask home buyers to buy 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 quickly forgotten. This is bad because PMI is no longer required when the remainder of the loan - whether through market appreciation or principal pay down - decreases below the 80% level. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to eliminate the PMI payments when the loan-to-value ratio conditions have been met.

If you'd like to do away with PMI, Platinum Appraisals, LLC can produce a statement regarding the value of your home. The price you paid for the home valuation can usually be recovered in a short amount of time because you'll no longer be paying the PMI.

Settling a divorce with less stress

A divorce is often complicated by the difficult decision of who gets the home, and it can be a very heartbreaking ordeal for both parties. It's a good idea to get an appraisal from Platinum Appraisals, LLC so both parties are completely aware of the true market value of their house, regardless of the situation.

The parties will have a good 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 evaluation.

Fair and accurate 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 residential property involved. We ensure 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 handle these matters, unlike wealthy individuals. And seeing that a home or other property often makes up an uneven share of the total estate value, understanding the correct value of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've received a fair deal.

Relocating to or from Hillsborough County

We know the headaches involved with an employee relocation. We take great care in organizing a convenient appointment time for the appraisal inspection. During our thorough process, we encourage relocating employees to provide input on the positive features of their property, as well as information regarding any new sales or listings in their neighborhood that they want considered.

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

Whether you choose to sell your home on your own or use the assistance of a real estate agent, a professional appraisal can help you make a better educated decision regarding your asking price. With much different interests than a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees depend on our efforts to perform the appraisal report and not a percentage of the sales price.

We determine the difference in value items like an extra bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long properties are on the market. So, getting a professional appraisal is a reliable way to decide what improvements will add value and what an applicable sales price is for your home so you don't come up short or have your house on the market an unnecessarily long time.