Reasons to choose an appraisal from Micronesian Appraisal AssociatesTo many, an appraisal just looks like a line item on the break-sheet for a home purchase or refinance. Practically all lenders still call for a local expert because the stakes are very high, even though there are a budding number of automated home valuation systems that might appear to be more practical than an appraisal. You might think that securing a mortgage is the only reason to acquire an appraisal, but there are more situations when the services of a certified, independent real estate professional might be helpful. 
Challenge your tax assessmentIt's possible you're paying too much in property taxes if you live in an area where property values have depreciated. Property taxes are based upon a past assessment of your house, so if prices are less than what they used to be in your area, you can challenge your assessment and save money. An appraisal from Micronesian Appraisal Associates is your best evidence when building your case. We can assist you in appealing your tax assessment. Get rid of PMI to lower your mortgage paymentWhen the amount being loaned to the homebuyeris more than 80% of the actual value of the property, nearly all lenders ask home buyers to take out this extra insurance plan. That policy is Private Mortgage Insurance, or PMI. Very often, this additional payment is lumped into the monthly mortgage payment and is soon forgotten. PMI isn't required when the leftover balance of the loan - whether through market appreciation or principal pay down - falls below the 80% mark, making this very unfortunate. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to dismiss the PMI installments when the loan-to-value ratio conditions have been met. If you'd like to get rid of PMI, Micronesian Appraisal Associates can produce a statement regarding the value of your home. The cost of the home valuation can generally be recovered in little time because you'll no longer be paying the PMI. Order an appraisal from Micronesian Appraisal Associates Order todayGet a fair valuation on a home for divorce settlementsA divorce is often complicated by the burdensome decision of who gets the home, and it can be a very traumatic occurrence for both parties. It's a good idea to order an appraisal from Micronesian Appraisal Associates so both parties are entirely aware of the true market value of their house, regardless of the situation. If the parties wish to sell the home, they'll have a better idea of what price to set. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation. Determine 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 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). Unlike wealthy individuals, most Americans don't have dedicated estate planners or executors to take care of these issues. And seeing that a home or other property often makes up an unequal share of the total estate value, understanding the true worth of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've received an honest deal. Move to or from Guam County through an employee relocation programEmployee relocation is a stressful event, and we understand. That's why we take great care in establishing a convenient appointment time for the appraisal inspection. During our intensive inspection, we suggest relocating employees to provide feedback on the positive characteristics of their property, as well as information regarding any new sales or listings in their area that they want considered. Sell your home quickly — at the right priceWhether you choose to sell your home on your own or with the help of a real estate agent, a professional appraisal will help you make a better educated decision regarding your asking price. Unlike a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees aren't a percentage of the sales price, but rather they depend on our efforts to finish the appraisal report. We determine the difference in value things like an extra bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long propertiesare on the market. So, seeking a professional appraisal is a trusted way to determine 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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