Why obtain an appraisal from Woods Appraisal, LLC?

Thousands of people in Alabama buy, sell or refinance their home every year. Most of these transactions consist of a simple line item for an appraisal. Practically all lenders still call in a local expert because the stakes are so high, even though there are a multiplying number of automated home valuation methods that may appear more practical than an appraisal. You might assume that getting a mortgage is the only reason to acquire an appraisal, but there are additional times when the services of a certified, independent real estate professional could be beneficial.

Contact Woods Appraisal, LLC if you're planning on any transaction where the value of your home is a factor. Just click here

Dispute your tax assessment in De Kalb County

If you live in an area where the value of property has depreciated, it's possible you're paying too much in property taxes. When building your case, an appraisal from Woods Appraisal, LLC is your best evidence. At Woods Appraisal, LLC,we can assist you in appealing your tax assessment.

Getting rid of your PMI will lower your mortgage payment

Private Mortgage Insurance, or PMI, is a supplemental insurance plan that nearly all lenders ask home buyers to purchase when the amount being loaned to the home owner is more than 80% of the actual value of the property. Seeing that extra payment is usually bundled into the monthly mortgage payment, it is often forgotten. This is damaging because PMI isn't necessary when the remainder of the loan - whether through market appreciation or principal pay down - dips below the 80% level. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to eliminate the PMI payments when the loan-to-value ratio conditions have been met.

Woods Appraisal, LLC can provide you with a statement regarding the value of your home, and the cost of the appraisal can usually be offset in just a few months because you'll no longer be paying the PMI.

Divorce settlement with less stress

A divorce can be a very traumatic event for both parties, and it is often further complicated by the challenging decision of who gets the property. It's a good idea to get an appraisal from Woods Appraisal, LLC so both parties are fully aware of the true market value of their home, regardless of the situation.

If the parties want to sell the home, they'll have a better idea of what price to set. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.

Fair and accurate estate liquidation

Losing a loved one is a painful 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, guaranteeing the maximum degree of discretion.

Most Americans do not have dedicated estate planners or executors to handle these affairs, unlike many wealthy individuals. And since a home or other property often makes up a disproportionate share of the total estate value, knowing the certain value of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've received a fair deal.

Relocating to or from De Kalb County

We are familiar with the stress associated with an employee relocation. 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 aspects of their property, along with information about any recent sales or listings in their neighborhood that they want considered during our thorough process.

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

A professional appraisal can help you make a better educated decision regarding your asking price, whether you choose to sell your home on your own or use the assistance of a real estate agent. An appraiser has no vested interest in what amount the house sells for, unlike real estate agents. Our fees are derived from our efforts to finish the appraisal report and not a percentage of the sales price.

On a daily basis, we determine the difference in value things like an additional bathroom or a kitchen remodel can make. 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 an unnecessarily long time - because we're experts in knowing how long houses stay on the market.