Reasons to get an appraisal from Arrow Appraisals, Inc.To a lot of people, an appraisal just looks like one more thing in the long list of items for a mortgage or refinance. Most lenders still call for a local expert because the stakes are incredibly high, even though there are an increasing number of automated home valuation systems that may appear more prudent than an appraisal. Is securing a mortgage the only basis for getting an appraisal? Are there other times when the services of a certified, independent real estate professional might be helpful? Of course. 
Challenge your tax assessment in Cuyahoga CountyIf you reside in an area where the value of property has declined, it's possible you're paying too much in property taxes. An appraisal from Arrow Appraisals, Inc. is your best evidence when building your case. At Arrow Appraisals, Inc., we're capable of assisting you in appealing your tax assessment. Eliminate PMI to lower your mortgage paymentWhen the amount being loaned to the homebuyeris more than 80% of the actual value of the home, nearly all lenders ask homebuyers to buy this supplemental insurance plan. That policy is Private Mortgage Insurance, or PMI. This additional payment is often bundled into the monthly mortgage payment and is promptly forgotten. PMI is no longer required when the remaining balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark, making this very unfortunate. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to do away with the PMI installments when the loan-to-value ratio conditions have been met. Arrow Appraisals, Inc. can produce a statement regarding the value of your home, and the price you paid for the appraisal can usually be recovered in a short amount of time because you'll no longer be paying the PMI. Get your appraisal from Arrow Appraisals, Inc. Order todaySettle a divorce with fewer hang-upsA divorce can be a particularly horrible experience for both parties, and it is often more complicated by the burdensome decision of who keeps the house. Regardless of the situation, it's a good idea to order an appraisal from Arrow Appraisals, Inc. so both parties are fully aware of the true market value of their home. If the parties need 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. Ascertain a fair and accurate valuation for 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 residential property involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the fullest degree of discretion. Most Americans don't have dedicated estate planners or executors to handle these matters, unlike wealthy individuals. A home or other property often makes up an unequal share of the total estate value, so knowing the true worth of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've gotten a fair deal. Relocate to or from Cuyahoga County through an employee relocation programWe understand the stress involved with an employee relocation. That being said, we take great care in organizing a convenient appointment time for the appraisal inspection. During our thorough inspection, we encourage relocating employees to provide remarks on the positive features of their property, as well as information about any new sales or listings in their area that they want considered. Close on your home promptly — for an accurate priceWhether you decide to sell your home on your own or with the help of a real estate agent, a professional appraisal will help you make a better educated decision when determining your asking price. An appraiser has no vested interest in what amount the house sells for, apart from real estate agents. Our fees aren't related to the sales price, but rather they are based on our efforts to finish the appraisal report. On a daily basis, we examine the difference in value items like an extra bathroom or a kitchen remodel can make. 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 an unnecessarily long time, because we're experts in knowing how long homes are one the market. 
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