6 Reasons to choose an appraisal from Micronesian Appraisal AssociatesEvery year, thousands of people in Guam buy, sell or refinance their home. A lot of these transactions consist of a simple line item for an appraisal. While there are an increasing number of automated home valuation methods that may appear to be more prudent than an appraisal, almost all lenders still need a local expert because the stakes are incredibly high. You might think that securing a mortgage is the only reason to acquire an appraisal, but there are other times when the services of a certified, independent real estate professional could come in handy. 
Dispute your tax assessment in Guam CountyIf 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 Micronesian Appraisal Associates is your best evidence when building your case. At Micronesian Appraisal Associates, we're capable of assisting you in challenging your tax assessment. PMI removal to reduce a mortgage paymentPrivate Mortgage Insurance, or PMI, is an extra insurance plan that nearly all lenders ask home buyers to purchase when the amount being loaned to the buyer is more than 80% of the actual value of the home. This added payment is often folded into the monthly mortgage payment and is promptly 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 United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to do away with the PMI payments when the loan-to-value ratio conditions have been met. If you'd like to eliminate PMI, Micronesian Appraisal Associates can provide you with a statement regarding the value of your home. The expense of the home valuation can generally be recovered in little time because you'll no longer be paying the PMI. Get your appraisal from Micronesian Appraisal Associates Order onlineGet a fair valuation on a home take make a divorce settlement less stressfulA divorce can be a very traumatic ordeal for both parties, and it is often further complicated by the troublesome decision of who keeps the home. It's a good idea to order an appraisal from Micronesian Appraisal Associates so both parties are fully aware of the true market value of their home, regardless of the situation. The parties will have a good idea of what price to set, if they need to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation. Accurate and fair estate liquidationThe death of a loved one is a difficult 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, ensuring the highest degree of discretion. Unlike wealthier individuals, most Americans don't have dedicated estate planners or executors to manage these matters. 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 Guam County for workEmployee relocation is a stressful event, and we understand. That being said, we take great care in setting up an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive aspects of their property, along with information regarding any recent sales or listings in their area that they want considered during our thorough inspection. Sell your home promptly — at an accurate priceWhether you want to sell your home on your own or with the help of a real estate agent, a professional appraisal can help you make a better educated decision when determining your selling price. Unlike a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees depend on our efforts to finish the appraisal report and not a percentage of the sales price. We determine the difference in value things like an additional bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long propertiesstay 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. 
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