Why you should get an appraisalEach year, thousands of people in Florida purchase, sell or refinance their home. Many of these transactions involve a simple line item for an appraisal. Nearly all lenders still want a local expert because the stakes are very high, even though there are a budding number of automated home valuation methods that may seem cheaper than an appraisal. Is obtaining 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 helpful? Absolutely. 
Challenge your tax assessmentIf you are in an area where the property value has depreciated, it's possible you're paying too much in property taxes. An appraisal from Ruffino Appraisal Group, LLC. is your best evidence when building your case. We're qualified to assist you in appealing your tax assessment. PMI removal to lower your mortgage paymentWhen the amount being loaned to the buyeris more than 80% of the actual value of the real estate, nearly all lenders ask home buyers to purchase this extra insurance plan. That policy is Private Mortgage Insurance, or PMI. Seeing that extra payment is usually folded into the monthly mortgage payment, it is often forgotten. This is bad because PMI isn't required when the remaining balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to dismiss the PMI installments when the loan-to-value ratio conditions have been met. If you'd like to eliminate PMI, Ruffino Appraisal Group, LLC. will give you a statement regarding the value of your home. The cost of the home valuation can generally be regained in just a few months because you'll no longer be paying the PMI. Get your appraisal from Ruffino Appraisal Group, LLC. Order todayDivorce settlement with less stressA divorce is an especially traumatic experience for the parties involved, and it is often further complicated by the difficult decision of who keeps the property. Regardless of the situation, it's a good idea to order an appraisal from Ruffino Appraisal Group, LLC. so both parties are completely aware of the true market value of their property. If the parties want to sell the home, they'll have a a good idea of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment. Ascertain an accurate and fair valuation for estate liquidationThe loss of a loved one is a hard time in life, and settling an estate from a death, or probate, often calls for an appraisal to establish Fair Market Value for the real estate involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the utmost degree of discretion. Most Americans don't have dedicated estate planners or executors to handle these issues, unlike wealthier individuals. And since a home or other property often makes up a disproportionate share of the total estate value, knowing the true worth of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've gotten an honest deal. Move to or from Broward County through an employee relocation programEmployee relocation can be a stressful event, and we understand. That's why we take great care in organizing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive features of their property, as well as information regarding any current sales or listings in their neighborhood that they want considered during our detailed inspection. Close on your home promptly — at the right priceA professional appraisal can help you make a better educated decision when determining your selling price, whether you choose to sell your home on your own or with the help of a real estate agent. 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 depend on our efforts to finish the appraisal report. On a daily basis, we examine the difference in value things like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long housesare on the market. So, obtaining a professional appraisal is a trusted way to decide 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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