Why you should get an appraisal from Micronesian Appraisal AssociatesEvery year, thousands of people in Guam buy, sell or refinance their home. A lot of these transactions include a simple line item for an appraisal. Practically all lenders still want a local expert because the stakes are so high, even though there are a developing number of automated home valuation processes that might seem more economical than an appraisal. You might assume that getting a mortgage is the only reason you should get an appraisal, but there are more cases when the services of a certified, independent real estate professional could come in handy. 
Contest your tax assessment in Guam CountyIt's possible you're paying too much in property taxes if you reside in an area where property values have declined. Property taxes are determined by a past assessment of your house, so if prices are less than what they used to be in your neighborhood, you can appeal your assessment and save money. An appraisal from Micronesian Appraisal Associates is your best evidence when building your case. We can assist you in challenging your tax assessment. PMI removal to lower your mortgage paymentWhen the amount being loaned to the home buyeris more than 80% of the actual value of the property, most lenders ask home buyers to buy this additional insurance plan. That policy is Private Mortgage Insurance, or PMI. This additional payment is often lumped into the monthly mortgage payment and is quickly forgotten. PMI is no longer required when the leftover balance of the loan - whether through market appreciation or principal pay down - goes below the 80% level, making this very unfortunate. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to dismiss the PMI payments when the loan-to-value ratio conditions have been met. Micronesian Appraisal Associates can give you a statement regarding the value of your home, and the price you paid for 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 todayDivorce settlement with less stressA divorce is a very horrible event for the parties involved, and it is often further complicated by the strenuous decision of who maintains the house. 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 property, regardless of the circumstances. If the parties need to sell the home, they'll have a clearer picture of what price to set. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation. Ascertain an accurate and fair valuation for estate liquidationLosing a loved one is a painful 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. Most Americans don't have dedicated estate planners or executors to take care of these affairs, unlike many wealthy individuals. A home or other property often makes up an unequal share of the total estate value, so knowing the true value of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've received a fair deal. Move to or from Guam County through an employee relocation programEmployee relocation is a stressful event, and we understand. We take great care in setting up a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive features of their property, along with information about any current sales or listings in their neighborhood that they want considered during our thorough inspection. Sell your home quickly — for an accurate priceWhether you want to sell your home on your own or with the help of a real estate agent, a professional appraisal will help you make a more informed decision regarding your selling price. Unlike a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees aren't related to the sales price, but rather they rest on our efforts to complete the appraisal report. We determine the difference in value items like an additional bathroom or a kitchen remodel can make on a daily basis. Getting 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, because we're experts in knowing how long properties are one the market. 
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