6 Reasons to choose an appraisal from Lake Country AppraisalsTo a lot of people, an appraisal just looks like one more thing on the break-sheet for a mortgage or refinance. Most lenders still want a local expert because the stakes are so high, even though there are a developing number of automated home valuation systems that might seem more practical than an appraisal. Is securing a mortgage the only reason to get an appraisal? Are there additional cases when the services of a certified, independent real estate professional could be helpful? Of course. 
Dispute your tax assessment in Loudon CountyIf you are in an area where property values have declined, it's possible you're paying too much in property taxes. An appraisal from Lake Country Appraisals is your best evidence when building your case. At Lake Country Appraisals, we're qualified to assist you in appealing your tax assessment. Eliminate PMI to lower your mortgage paymentWhen the amount being loaned to the homeowneris more than 80% of the actual value of the home, nearly all lenders ask homebuyers to purchase this supplemental insurance policy. That policy is Private Mortgage Insurance, or PMI. Most often, this extra payment is lumped into the monthly mortgage payment and is quickly forgotten. This is unfavorable because PMI is unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - falls below the 80% level. In fact, the United States Congress passed 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. Lake Country Appraisals will provide you with a statement regarding the value of your home, and the price you paid for the appraisal can often be offset in a short amount of time because you'll no longer be paying the PMI. Order an appraisal from Lake Country Appraisals Order onlineGet a clear valuation on a home take make a divorce settlement less stressfulA divorce can be a particularly daunting ordeal for both parties, and it is often even more complicated by the strenuous decision of who keeps the property. It's a good idea to get an appraisal from Lake Country Appraisals so both parties are entirely aware of the true market value of their home, regardless of the situation. If the parties need 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 received a fair assessment. Accurate and fair estate liquidationThe death of 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 Fair 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. Unlike wealthy individuals, most Americans do not have dedicated estate planners or executors to manage these matters. 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 significant importance to ensuring disputing parties walk away knowing they've received a fair deal. Relocate to or from Loudon County for workWe understand the stress involved with an employee relocation. That's why 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 features of their property, as well as information regarding any current sales or listings in their area that they want considered during our intensive inspection. Sell your home quickly — at the right priceWhether you choose to sell your home on your own or use the assistance of a real estate agent, a professional appraisal will help you make a more informed decision regarding your selling price. Apart from a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees are calculated on our efforts to finish the appraisal report and not a percentage of the sales price. On a daily basis, we analyze the difference in value items like an additional bathroom or a kitchen remodel can make. And we're experts in knowing how long homesare on the market. So, getting a professional appraisal is a trusted way to decide what improvements will add value and what an appropriate sales price is for your home so you don't come up short or have your house on the market an unnecessarily long time. 
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