There are lots of reasons consumers call on Waits Appraisal

To many, an appraisal is simply one more thing in the long list of items for a mortgage or refinance. Nearly all lenders still need a local expert because the stakes are incredibly high, even though there are an increasing number of automated home valuation systems that may appear to be more prudent than an appraisal. You might think that securing a mortgage is the only basis for getting an appraisal, but there are more times when the services of a certified, independent real estate professional could be helpful.


	If you're planning on any transaction where the value of your house is a factor, just contact Waits Appraisal. Just click here.

Let Waits Appraisal help you eliminate PMI to lower your mortgage payment

When the amount being loaned to the buyer is more than 80% of the actual value of the property, nearly all lenders ask homebuyers to purchase an additional insurance plan. That policy is Private Mortgage Insurance, or PMI. This additional payment is often folded into the monthly mortgage payment and is quickly forgotten. PMI is unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - goes below the 80% level, making this very unfortunate. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress that requires lenders to do away with the PMI payments when the balance is paid down to 78% of the original value.

If you'd like to get rid of PMI, Waits Appraisal can give you a statement regarding the value of your home. The price you paid for the appraisal can generally be offset in a short amount of time because you'll no longer be paying the PMI.

An appraisal from Waits Appraisal will help you settle a divorce with less stress

A divorce is a particularly heartbreaking event for the parties involved, and it is often further complicated by the strenuous decision of who maintains the home. It's a good idea to order an appraisal from Waits Appraisal so both parties are entirely aware of the true market value of their house, regardless of the situation.

If the parties need to sell the home, they'll have a clearer picture of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.

Fair and accurate estate liquidation

The 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 Market Value for the residential property 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 take care of these matters, unlike many wealthy individuals. A home or other property often makes up an uneven share of the total estate value, so understanding the true value of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've received a fair deal.

Waits Appraisal can assist you in relocating to or from Brevard County

We know the headaches associated with an employee relocation. That being said, we take great care in organizing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive features of their property, as well as information about any current sales or listings in their neighborhood that they want considered during our detailed process.

Sell your home quickly at the right price

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 when determining your asking price. 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.

On a daily basis, we determine the difference in value items like an additional bathroom or a kitchen remodel can make. And we're experts in knowing how long houses are on the market. So, obtaining a professional appraisal is a reliable 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 too long, costing you hassle and money.