Reasons to hire an appraiserThousands of people in Ohio buy, sell or refinance their home every year. Many of these transactions have a simple line item for an appraisal. While there are a budding number of automated home valuation systems that might seem more prudent than an appraisal, the majority of lenders still want a local expert because the stakes are incredibly high. Is getting a mortgage the only reason to acquire an appraisal? Are there additional situations when the services of a certified, independent real estate professional could be beneficial? Of course. 
Challenge your tax assessment in Franklin CountyIt's quite possible you're paying too much in property taxes if you live in an area where property values have declined. Ad Valorem taxes are determined by a past assessment of your home, so if values are less than what they used to be in your area, you can appeal your assessment and save money. An appraisal from YLE Appraisals is your best evidence when building your case. At YLE Appraisals, we're capable of assisting you in appealing your tax assessment. Eliminate PMI to lower your mortgage paymentWhen the amount being loaned to the buyeris more than 80% of the actual value of the home, many lenders ask home owners to take out this added insurance policy. That policy is Private Mortgage Insurance, or PMI. This extra payment is often lumped into the monthly mortgage payment and is quickly forgotten. PMI is no longer required when the remainder of the loan - whether through market appreciation or principal pay down - decreases below the 80% level, making this very unfortunate. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to do away with the PMI installments when the loan-to-value ratio conditions have been met. If you'd like to do away with PMI, YLE Appraisals can give you a statement regarding the value of your home. The expense of the appraisal can usually be regained in just a few months because you'll no longer be paying the PMI. Get your appraisal from YLE Appraisals Order onlineSettle a divorce with less stressA divorce is often complicated by the hard decision of who maintains the home, and it can be a particularly traumatic occurrence for both parties. So both parties are entirely aware of the true market value of their house, it's a good idea to order an appraisal from YLE Appraisals, regardless of the circumstances. The parties will have a better idea of what price to set, if they want to sell the home. 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 liquidationThe loss of a loved one is a hard time in life, and settling an estate from a death, or probate, often requires an appraisal to establish Fair Market Value for the real estate involved. We ensure the highest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP). Most Americans do not have dedicated estate planners or executors to manage these issues, unlike many wealthy individuals. A home or other property often makes up an unequal share of the total estate value, so knowing the true value of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've gotten a fair deal. Move to or from Franklin County for workWe are aware of the stress involved 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 remarks on the positive aspects of their property, along with information regarding any current sales or listings in their area that they want considered during our detailed inspection. Close on your home promptly — at an accurate priceA professional appraisal will help you make a better educated decision regarding your selling price, whether you choose to sell your home on your own or with the help of a real estate agent. Apart from a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees aren't related to the sales price, but rather they are calculated on our efforts to finish the appraisal report. 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 housesare on the market. So, obtaining a professional appraisal is a trusted way to determine 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 an unnecessarily long time. 
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