Reasons to get an appraisal from Hughes Pitts and Associates, Inc

Each year, thousands of people in Florida purchase, sell or refinance their home. Many of these transactions have a simple line item for an appraisal. Nearly all lenders still want a local expert because the stakes are incredibly high, even though there are a multiplying number of automated home valuation processes that may appear to be more prudent than an appraisal. You might think that getting a mortgage is the only reason to acquire an appraisal, but there are additional situations when the services of a licensed, independent real estate professional might be helpful.


	For real estate appraisals in Dade City and Pasco County, it's easiest when your order online from Hughes Pitts and Associates, Inc, just click here.

Let Hughes Pitts and Associates, Inc help you dispute your tax assessment in Pasco County

If you live in an area where property values have declined, it's possible you're paying too much in property taxes. When building your case, an appraisal from Hughes Pitts and Associates, Inc is your best evidence. At Hughes Pitts and Associates, Inc, we're qualified to assist you in appealing your tax assessment.

PMI removal to lower your mortgage payment

Private Mortgage Insurance, or PMI, is an added insurance policy that nearly all lenders ask buyers to purchase when the amount being loaned to the homeowner is more than 80% of the actual value of the real estate. Most often, this extra payment is bundled into the monthly mortgage payment and is promptly forgotten. PMI isn't required when the remaining balance of the loan - whether through market appreciation or principal pay down - dips below the 80% level, making this very unfavorable. In fact, the United States Congress invoked 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.

Hughes Pitts and Associates, Inc will produce a statement regarding the value of your home, and the price you paid for the home valuation can generally be recovered in just a few months because you'll no longer be paying the PMI.

Settling a divorce with less stress

A divorce is a particularly heartbreaking experience for the parties involved, and it is often more complicated by the challenging decision of who gets the property. Regardless of the situation, it's prudent to get an appraisal from Hughes Pitts and Associates, Inc so both parties are entirely aware of the true market value of their home.

The parties will have a better idea of what price to set, if they need to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.

Trustworthy 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 real estate involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the fullest degree of discretion.

Unlike many wealthy individuals, most Americans do not have dedicated estate planners or executors to take care of 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 essential importance to ensuring disputing parties leave knowing they've gotten an honest deal.

Let Hughes Pitts and Associates, Inc assist you in relocating to or from Pasco County

Employee relocation can be a real pain. We know where you're coming from. We take great care in establishing a convenient appointment time for the appraisal inspection. During our detailed process, we suggest employees that are moving to provide remarks on the positive aspects of their property, along with information about any recent sales or listings in their area 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 when determining your selling price. An appraiser has no vested interest in what price the house sells for, which is different than the interest of real estate agents. The price we charge isn't a percentage of the sales price, but rather they depend on our efforts to complete the appraisal.

We analyze the difference in value things like an additional bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long homes stay on the market. So, getting a professional appraisal is a trusted way to decide 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 for an extended amount of time.