Let Appraisals by Kana, LLC take care of your appraisal needs
Thousands of people in Louisiana purchase, sell or refinance their home each month. Most of these transactions involve a simple line item for an appraisal. Even though there are a multiplying number of automated home valuation methods that might seem more practical 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 other cases when the services of a licensed, independent real estate professional might be beneficial? Of course.
Dispute your tax assessment
It's likely you're paying too much in property taxes if you live in an area where property values have depreciated. Ad Valorem taxes are based upon a previous assessment of your home, so if values have declined in your neighborhood, you can appeal your assessment and save money. 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 homebuyeris more than 80% of the actual value of the property, almost all lenders ask home buyers to purchase this supplemental insurance policy. That policy is Private Mortgage Insurance, or PMI. Most often, this extra payment is bundled into the monthly mortgage payment and is quickly forgotten. PMI is no longer required when the remaining balance of the loan - whether through market appreciation or principal pay down - falls below the 80% level, making this very unfortunate. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress that requires lenders to eliminate the PMI installments when the loan-to-value ratio conditions have been met.
Appraisals by Kana, LLC will provide you with a statement regarding the value of your home, and the cost of the home valuation can usually be offset in a short amount of time because you'll no longer be paying the PMI.
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Divorce settlement with less stress
A divorce is a very horrible experience for the parties involved, and it is often even more complicated by the difficult decision of who gets the house. Regardless of the circumstances, it's a good idea to order an appraisal from Appraisals by Kana, LLC so both parties are fully aware of the true market value of their house.
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.
Ascertain an accurate and fair valuation for estate liquidation
The death of a loved one is a difficult 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, guaranteeing the utmost degree of discretion.
Most Americans do not have dedicated estate planners or executors to take care of these affairs, 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 significant importance to ensuring disputing parties leave knowing they've gotten an honest deal.
Move to or from Lafayette County for work
We are aware of the stress involved with an employee relocation. We take great care in establishing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive aspects of their property, along with information about any recent sales or listings in their area that they want considered during our thorough inspection.
Sell your home quickly — at the right price
Whether you decide to sell your home on your own or with the help of a real estate agent, a professional appraisal can help you make a more informed decision regarding 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 calculated on our efforts to complete the appraisal report.
We determine 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 housesstay on the market. So, seeking 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.