Why you should hire an appraiser
Year after year, thousands of people in Louisiana purchase, sell or refinance their home. Most of these transactions include a simple line item for an appraisal. The majority of lenders still want a local expert because the stakes are incredibly high, even though there are a budding number of automated home valuation systems that might appear to be more cost-effective than an appraisal. Is obtaining a mortgage the only basis for getting an appraisal? Are there other cases when the services of a licensed, independent real estate professional could be helpful? Of course.
Appeal your tax assessment in Lafayette County
If you reside in an area where the value of property has declined, it's possible you're paying too much in property taxes. When building your case, an appraisal from us is your best evidence. We can assist you in disputing your tax assessment.
Getting rid of your PMI for mortgage payments
Private Mortgage Insurance, or PMI, is an additional insurance plan that most lenders ask home owners to buy when the amount being loaned to the homeowner is more than 80% of the actual value of the real estate. Seeing that extra payment is usually folded into the monthly mortgage payment, it is often forgotten. PMI is unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% level, making this very unfortunate. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress 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 eliminate PMI, Appraisals by Kana, LLC can provide you with a statement regarding the value of your home. The expense of the appraisal can often be offset in little time because you'll no longer be paying the PMI.
Order an appraisal from Appraisals by Kana, LLCOrder today
Get a clear valuation on a home for divorce settlements
A divorce can be an especially daunting experience for both parties, and it is often more complicated by the challenging decision of who maintains the home. It's a good idea to get an appraisal from Appraisals by Kana, LLC so both parties are entirely aware of the true market value of their property, regardless of the situation.
The parties will have a clearer picture of what price to set, if they wish 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.
Accurate and fair 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 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 maximum degree of discretion.
Unlike wealthy individuals, most Americans do not have dedicated estate planners or executors to handle these issues. A home or other property often makes up a disproportionate share of the total estate value, so understanding the true value of the real estate at hand is of significant importance to ensuring disputing parties leave knowing they've received an honest deal.
Relocate to or from Lafayette County through an employee relocation program
We are familiar with the headaches associated with an employee relocation. That's why 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 characteristics of their property, along with information regarding any recent sales or listings in their neighborhood that they want considered during our detailed inspection.
Close on your home promptly — at the right price
A professional appraisal can help you make a more informed decision when determining your selling price, whether you decide 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 price the house sells for. Our fees depend on our efforts to complete the appraisal report and and aren't related to the sales price.
We examine the difference in value items like an extra bathroom or a kitchen remodel can make on a daily basis. Getting a professional appraisal is a trusted way to determine 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 an unnecessarily long time, because we're experts in knowing how long homes stay on the market.