Reasons someone would need Covington Appraisal Group, Inc.

To many, an appraisal just looks like another cost in the long list of items for a home sale or refinance. Almost all lenders still call in a local expert because the stakes are incredibly high, even though there are a growing number of automated home valuation methods that may appear less expensive than an appraisal. But is securing a mortgage the only reason to get an appraisal? Are there more times when the services of a certified, independent real estate professional could be beneficial? Of course.

Order appraisals online from Covington Appraisal Group, Inc. by simply clicking here.

Let Covington Appraisal Group, Inc. help you dispute your tax assessment in Duval County

If you live in an area where property values have depreciated, it's possible you're paying too much in property taxes. When building your case, an appraisal from Covington Appraisal Group, Inc. is your best evidence. At Covington Appraisal Group, Inc. ,we can assist you in challenging your tax assessment.

PMI removal to lower your mortgage payment

Private Mortgage Insurance, or PMI, is an extra insurance plan that most lenders ask home buyers to buy when the amount being loaned to the homebuyer is more than 80% of the actual value of the real estate. This additional payment is often lumped into the monthly mortgage payment and is soon forgotten. This is bad because PMI is unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - dips below the 80% level. In fact, the Homeowners Protection Act (HPA) of 1998 was approved by the United States Congress that requires lenders to dismiss the PMI payments on most mortgages when the balance is paid down to 78% of the original value.

Covington Appraisal Group, Inc. will provide you with a statement regarding the value of your home, and the cost of the appraisal can often be offset in a short amount of time because you'll no longer be paying the PMI.

Settling a divorce with less stress with an appraisal from Covington Appraisal Group, Inc.

A divorce can be a particularly traumatic event for both parties, and it is often further complicated by the difficult decision of who maintains the house. Regardless of the circumstances, it's prudent to order an appraisal from Covington Appraisal Group, Inc. so both parties are fully aware of the true market value of their property.

The parties will have a good idea of what price to set, if they wish to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.

Fair and accurate estate liquidation with help from Covington Appraisal Group, Inc. Settling an estate

The death of a loved one is a hard time in life, and settling an estate from a death, or probate, often entails an appraisal to establish 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.

Unlike many wealthy individuals, most Americans don't have dedicated estate planners or executors to manage these affairs. A home or other property often makes up an unequal share of the total estate value, so understanding the true value of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've received a fair deal.

Let Covington Appraisal Group, Inc. help you with relocating to or from Duval County

We are aware of the stress involved with an employee relocation. That being said, we take great care in setting up an accommodating appointment time for the appraisal inspection. During our thorough process, we recommend relocating employees to provide input on the positive attributes of their property, along with information regarding any recent sales or listings in their neighborhood that they want considered.

Don't sell out for too little or keep your home on the market too long.

A professional appraisal can help you make a more informed decision regarding your asking price, whether you choose to sell your home on your own or use the assistance of a real estate agent. An appraiser has no vested interest in what price the house sells for, unlike real estate agents. Our fees are calculated on our efforts to perform the appraisal report and not a percentage of the sales price.

On a daily basis, we determine the difference in value things like an additional bathroom or a kitchen remodel can make. Seeking a professional appraisal is a trusted 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 - because we're experts in knowing how long houses are one the market.