Why would you need an appraisal from MRS Appraisals?

Thousands of people in Iowa buy, sell or refinance their home every month. Most of these transactions contain a simple line item for an appraisal. Nearly all lenders still want a local expert because the stakes are incredibly high, even though there are a budding number of automated home valuation processes that might appear more cost-effective than an appraisal. But is securing a mortgage the only reason to acquire an appraisal? Are there more times when the services of a certified, independent real estate professional could come in handy? Absolutely.


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Challenge your tax assessment in Johnson County

It's probable you're paying too much in property taxes if you live in an area where property values have declined. Ad Valorem taxes are determined by a past assessment of your home, so if prices have gone down in your neighborhood, you can challenge your assessment and save money. An appraisal from MRS Appraisals is your best evidence when building your case. At MRS Appraisals, we're capable of assisting you in disputing your tax assessment.

Let MRS Appraisals help you get rid of PMI to lower your mortgage payment

When the amount being loaned to the homeowner is more than 80% of the actual value of the property, nearly all lenders ask home owners to take out an supplemental 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. This is bad because PMI is unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - goes below the 80% level. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to eliminate the PMI payments when the loan-to-value ratio conditions have been met.

MRS Appraisals can provide you with a statement regarding the value of your home, and the expense of the appraisal can often be regained in little time because you'll no longer be paying the PMI.

An appraisal from MRS Appraisals will help you settle a divorce with less stress

A divorce can be a very daunting event for both parties, and it is often more complicated by the hard decision of who keeps the house. Regardless of the situation, it's prudent to order an appraisal from MRS Appraisals so both parties are fully aware of the true market value of their house.

The parties will have a better 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 received a fair assessment.

Accurate and fair estate liquidation

Losing 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 Market Value for the real estate involved. We ensure the utmost 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 manage these affairs, unlike many wealthy individuals. And seeing that a home or other property often makes up an uneven share of the total estate value, knowing the true value of the real estate at hand is of significant importance to ensuring disputing parties leave knowing they've received a fair deal.

Let MRS Appraisals help you with relocating to or from Johnson County

We know the stress involved with an employee relocation. We take great care in establishing an accommodating appointment time for the appraisal inspection. During our thorough process, we recommend employees that are moving to provide input on the positive attributes of their property, as well as information regarding any new sales or listings in their neighborhood that they want considered.

Selling your home quickly at the right price

A professional appraisal will help you make a more informed decision regarding your asking price, whether you choose to sell your home on your own or with the help of a real estate agent. Unlike a real estate agent, an appraiser has no vested interest in what price the house sells for. The price we charge isn't contingent upon the value we report, but rather they are calculated on our efforts to finish the appraisal.

We examine the difference in value things like an additional bathroom or a kitchen remodel can make on a daily basis. Seeking a professional appraisal is a reliable 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 - because we're experts in knowing how long homes are one the market.