Let Hornor Appraisal Company take care of your appraisalEvery year, thousands of people in Arkansas purchase, sell or refinance their home. Many of these transactions contain a simple line item for an appraisal. Almost all lenders still call for a local expert because the stakes are incredibly high, even though there are a growing number of automated home valuation processes that may seem more cost-effective than an appraisal. You might think that getting a mortgage is the only reason to get an appraisal, but there are additional cases when the services of a licensed, independent real estate professional might come in handy.
Appeal your tax assessment in Phillips CountyIf you reside in an area where property values have depreciated, it's possible you're paying too much in property taxes. An appraisal from Hornor Appraisal Company is your best evidence when building your case. At Hornor Appraisal Company,we can assist you in appealing your tax assessment.
PMI removal will lower your mortgage paymentWhen the amount being loaned to the home owner is more than 80% of the actual value of the home, most lenders ask homebuyers to purchase an extra insurance policy. That policy is Private Mortgage Insurance, or PMI. Most often, this extra payment is folded into the monthly mortgage payment and is promptly forgotten. This is unfortunate because PMI is no longer required when the leftover balance of the loan - whether through market appreciation or principal pay down - goes below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress requiring lenders to eliminate the PMI installments on most mortgages when the balance is paid down to 78% of the original value.
If you'd like to get rid of PMI, Hornor Appraisal Company will provide you with a statement regarding the value of your home. The cost of the home valuation can often be regained in a short amount of time because you'll no longer be paying the PMI.
Settling a divorce with less stressA divorce is often complicated by the hard decision of who keeps the property, and it can be a particularly heartbreaking experience for both parties. Regardless of the situation, it's wise to order an appraisal from Hornor Appraisal Company so both parties are entirely aware of the true market value of their property.
The parties will have a a good idea of what price to set, if they need 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 assessment.
Fair and accurate estate liquidationThe loss of a loved one is a difficult time in life, and settling an estate from a death, or probate, often calls for an appraisal to establish Market Value for the residential property involved. We guarantee the maximum degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Most Americans don't have dedicated estate planners or executors to take care of these affairs, unlike wealthier individuals. A home or other property often makes up an uneven 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 walk away knowing they've gotten an honest deal.
Hornor Appraisal Company can help you with relocating to or from Phillips CountyMoving due to a job change is a stressful event. We know where you're coming from. That being said, we take great care in setting up a convenient 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 current sales or listings in their area that they want considered during our intensive process.
Selling your home quickly at the right price with an appraisal from Hornor Appraisal CompanyWhether you choose to sell your home on your own or use the assistance of a real estate agent, a professional appraisal can help you make a more informed decision regarding your selling price. Separate from a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees depend on our efforts to perform 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 houses are on the market. So, obtaining 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.