Holliday Prescott Appraisals in Wetumpka perform appraisals for numerous clients

Every year, thousands of people in Alabama buy, sell or refinance their home. Many of these transactions contain a simple line item for an appraisal. While there are an increasing number of automated home valuation systems that may appear to be cheaper than an appraisal, practically all lenders still want a local expert because the stakes are very high. But is obtaining a mortgage the only basis for getting an appraisal? Are there additional situations when the services of a certified, independent real estate professional could be helpful? Of course there are.


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Dispute your tax assessment in Elmore County

It's possible you're paying too much in property taxes if you reside in an area where property values have depreciated. Ad Valorem taxes are based upon a previous assessment of your real estate, so if prices are less than what they used to be in your neighborhood, you can appeal your assessment and save money. When building your case, an appraisal from Holliday Prescott Appraisals is your best evidence. We're equipped to assist you in challenging your tax assessment.

Holliday Prescott Appraisals can help you do away with PMI to lower your mortgage payment

When the amount being loaned to the home buyer is more than 80% of the actual value of the home, almost all lenders ask home owners to take out an added insurance policy. That policy is Private Mortgage Insurance, or PMI. Very often, this additional payment is bundled into the monthly mortgage payment and is quickly forgotten. PMI isn't required when the remaining balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark, making this very unfavorable. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to eliminate the PMI installments when the loan-to-value ratio conditions have been met.

Holliday Prescott Appraisals can produce a statement regarding the value of your home, and the cost of the home valuation can usually be regained in a short amount of time because you'll no longer be paying the PMI.

Settling a divorce with less stress with an appraisal from Holliday Prescott Appraisals

A divorce can be a particularly daunting experience for both parties, and it is often further complicated by the difficult decision of who maintains the home. It's a good idea to get an appraisal from Holliday Prescott Appraisals so both parties are entirely aware of the true market value of their property, regardless of the situation.

The parties will have a a good idea of what price to set, if they want to sell the home. And on the flip side, 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

Losing a loved one is a painful 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. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the maximum degree of discretion.

Most Americans do not have dedicated estate planners or executors to manage these affairs, unlike wealthier individuals. And since a home or other property often makes up an uneven share of the total estate value, understanding the certain value of the real estate at hand is of significant importance to ensuring disputing parties leave knowing they've gotten an honest deal.

Let Holliday Prescott Appraisals assist you in relocating to or from Elmore County

Moving due to a job change can be a real pain. We know where you're coming from! That being said, we take great care in setting up an accommodating appointment time for the appraisal inspection. During our intensive process, we encourage relocating employees to provide remarks on the positive features of their property, as well as information regarding any recent sales or listings in their neighborhood that they want considered.

Selling your home quickly at the right price with an appraisal from Holliday Prescott Appraisals

Whether you want to sell your home on your own or with the help of a real estate agent, a professional appraisal can help you make a better educated decision regarding your asking price. Separate from a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees aren't contingent upon the value opinion we render, but rather they rest on our efforts to complete the appraisal.

We analyze the difference in value items like an additional bathroom or a kitchen remodel can make on a daily basis. Getting a professional appraisal is a trusted 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 - because we're experts in knowing how long houses are one the market.