Let Appraisals by Kana, LLC serve your appraisal needs
Each year, thousands of people in Louisiana purchase, sell or refinance their home. Most of these transactions involve a simple line item for an appraisal. Nearly all lenders still call for a local expert because the stakes are so high, even though there are an increasing number of automated home valuation methods that may appear to be more cost-effective than an appraisal. You might assume that securing a mortgage is the only basis for getting an appraisal, but there are other situations when the services of a licensed, independent real estate professional could be beneficial.
Challenge your tax assessment in Lafayette County
If you are in an area where the value of property has declined, it's possible you're paying too much in property taxes. An appraisal from Appraisals by Kana, LLC is your best evidence when building your case. We can assist you in challenging your tax assessment.
Eliminating PMI for mortgage payments
When the amount being loaned to the homeowneris more than 80% of the actual value of the home, most lenders ask home buyers to buy this added insurance plan. That policy is Private Mortgage Insurance, or PMI. This added payment is often folded into the monthly mortgage payment and is quickly forgotten. This is unfavorable because PMI is no longer required when the remainder of the loan - whether through market appreciation or principal pay down - dips below the 80% mark. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to remove the PMI installments when the loan-to-value ratio conditions have been met.
Appraisals by Kana, LLC can provide you with a statement regarding the value of your home, and the cost of the appraisal can generally be recovered in little time because you'll no longer be paying the PMI.
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Divorce settlement with fewer hang-ups
A divorce is an especially daunting event for the parties involved, and it is often further complicated by the hard decision of who gets the property. So both parties are completely aware of the true market value of their home, it's a good idea to order an appraisal from Appraisals by Kana, LLC, regardless of the situation.
If the parties want to sell the home, they'll have a better idea of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.
Ascertain an accurate and fair valuation for estate liquidation
The 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 residential property involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the maximum degree of discretion.
Unlike wealthier individuals, most Americans don't have dedicated estate planners or executors to take care of these issues. A home or other property often makes up a disproportionate share of the total estate value, so knowing the true worth of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've gotten a fair deal.
Move to or from Lafayette County through an employee relocation program
We are aware of the headaches associated with an employee relocation. That being said, we take great care in establishing an accommodating appointment time for the appraisal inspection. During our thorough inspection, we recommend relocating employees to provide input on the positive characteristics of their property, as well as information about any recent sales or listings in their area that they want considered.
Close on your home quickly — for the right price
Whether you choose to sell your home on your own or use the assistance of a real estate agent, a professional appraisal will help you make a better educated decision regarding your asking price. Apart from a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees are calculated on our efforts to finish 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. And we're experts in knowing how long housesare on the market. So, getting a professional appraisal is a reliable 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 an unnecessarily long time.