Reasons someone would call Reavis Appraisal Service, Inc.

To a lot of us, an appraisal just looks like a line item in the long list of items for a home purchase or refinance. Most lenders still want a local expert because the stakes are very high, even though there are an increasing number of automated home valuation systems that might seem more economical than an appraisal. You might believe that getting a mortgage is the only reason you should get an appraisal, but there are additional times when the services of a licensed, independent real estate professional could be beneficial.


	For real estate appraisals in Marionville and Lawrence County, it's easiest when your order online from Reavis Appraisal Service, Inc., just click here.

Challenge your tax assessment in Lawrence County

It's possible you're paying too much in property taxes if you reside in an area where property values have declined. Property taxes are based upon a past assessment of your real estate, so if prices have gone down in your neighborhood, you can challenge your assessment and save money. An appraisal from Reavis Appraisal Service, Inc. is your best evidence when building your case. We're equipped to assist you in disputing your tax assessment.

Let Reavis Appraisal Service, Inc. help you lower your mortgage payment

When the amount being loaned to the homebuyer is more than 80% of the actual value of the property, nearly all lenders ask buyers to buy an supplemental insurance policy. That policy is Private Mortgage Insurance, or PMI. Very often, this extra payment is folded into the monthly mortgage payment and is soon forgotten. This is unfortunate because PMI isn't required when the leftover balance of the loan - whether through market appreciation or principal pay down - falls below the 80% level. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to dismiss the PMI payments when the loan-to-value ratio conditions have been met.

Reavis Appraisal Service, Inc. will provide you with a statement regarding the value of your home, and the expense of the appraisal can generally be regained in a short amount of time because you'll no longer be paying the PMI.

Divorce settlement with less stress

A divorce is an especially daunting ordeal for the parties involved, and it is often further complicated by the burdensome decision of who maintains the home. Regardless of the circumstances, it's prudent to order an appraisal from Reavis Appraisal Service, Inc. so both parties are completely aware of the true market value of their property.

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 gotten a fair assessment.

Accurate and fair estate liquidation

The loss of a loved one is a hard time in life, and settling an estate from a death, or probate, often calls for an appraisal to establish Fair Market Value for the residential property involved. We ensure the fullest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).

Most Americans don't have dedicated estate planners or executors to take care of these issues, unlike wealthier individuals. A home or other property often makes up an unequal share of the total estate value, so understanding the true worth of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've gotten an honest deal.

Reavis Appraisal Service, Inc. can help you with relocating to or from Lawrence County

Moving due to a job change is a more than just an inconvenience, and we understand. We take great care in organizing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive attributes of their property, along with information about any new sales or listings in their area that they want considered during our thorough process.

Don't sell out short or let your home stay on the market too long.

A professional appraisal will help you make a better educated decision when determining your selling price, whether you want to sell your home on your own or use the assistance of a real estate agent. Separate from a real estate agent, an appraiser has no vested interest in what amount the house sells for. The price we charge isn't a percentage of the sales price, but rather they are calculated on our efforts to complete the appraisal.

We analyze the difference in value things like an extra bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long properties stay on the market. So, seeking 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 for an extended amount of time.