Why would you need an appraisal from The Appraisal Network?

Thousands of people in South Carolina buy, sell or refinance their home each year. Most of these transactions have a simple line item for an appraisal. Even though there are a budding number of automated home valuation processes that might appear to be more practical than an appraisal, practically all lenders still want a local expert because the stakes are incredibly high. You might assume that obtaining a mortgage is the only reason you should get an appraisal, but there are additional situations when the services of a certified, independent real estate professional might be helpful.


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Let The Appraisal Network help you appeal your tax assessment in Spartanburg County

It's possible you're paying too much in property taxes if you reside in an area where property values have depreciated. Ad Valorem taxes are based upon a previous assessment of your real estate, so if values are less than what they used to be in your area, you can challenge your assessment and save money. An appraisal from The Appraisal Network is your best evidence when building your case. At The Appraisal Network,we can assist you in appealing your tax assessment.

Removing PMI will lower your mortgage payment

When the amount being loaned to the home buyer is more than 80% of the actual value of the real estate, many lenders ask home owners to purchase an supplemental insurance policy. That policy is Private Mortgage Insurance, or PMI. This added payment is often bundled into the monthly mortgage payment and is promptly forgotten. PMI isn't necessary when the remaining balance of the loan - whether through market appreciation or principal pay down - goes below the 80% level, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress requiring lenders to do away with the PMI payments when the balance is paid down to 78% of the original value.

The Appraisal Network will provide you with a statement regarding the value of your home, and the cost of the appraisal can generally be recovered in just a few months because you'll no longer be paying the PMI.

Divorce settlement with less stress

A divorce is a very heartbreaking experience for the parties involved, and it is often further complicated by the challenging decision of who maintains the house. It's a good idea to order an appraisal from The Appraisal Network so both parties are completely aware of the true market value of their home, regardless of the situation.

If the parties need to sell the home, they'll have a clearer picture of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation.

Fair and accurate estate liquidation with The Appraisal NetworkSettling an estate

Losing a loved one is a difficult time in life, and settling an estate from a death, or probate, often requires an appraisal to establish Market Value for the residential property involved. We ensure the highest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).

Most Americans do not have dedicated estate planners or executors to take care of these matters, unlike wealthy individuals. And seeing that a home or other property often makes up an unequal share of the total estate value, understanding the absolute value of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've received a fair deal.

Relocating to or from Spartanburg County?

Employee relocation can be a more than just an inconvenience. We know where you're coming from. That being said, we take great care in organizing a convenient appointment time for the appraisal inspection. During our detailed process, we suggest employees that are moving to provide feedback on the positive features of their property, as well as information regarding any recent sales or listings in their area that they want considered.

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

A professional appraisal will help you make a more informed decision when determining your selling price, whether you want to sell your home on your own or use the assistance of a real estate agent. An appraiser has no vested interest in what amount the house sells for, unlike real estate agents. Our fees are derived from our efforts to finish the appraisal report and not a percentage of the sales price.

We examine the difference in value items like an additional bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long houses stay on the market. So, obtaining a professional appraisal is a trusted way to determine 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 for an extended amount of time.