Reasons to consider an appraisal from Hughes Appraisals, LLCTo a lot of us, an appraisal just looks like another fee on the break-sheet for a mortgage or refinance. And while there are a budding number of automated home valuation systems that may appear to be more economical than an appraisal, nearly all lenders still call in a local expert because the stakes are incredibly high. You might believe that getting a mortgage is the only reason to get an appraisal, but there are additional cases when the services of a certified, independent real estate professional could come in handy. 
Appeal your tax assessment in Hennepin CountyIt's possible you're paying too much in property taxes if you live in an area where property values have declined. Ad Valorem taxes are based upon a past assessment of your house, so if values have declined in your area, you can appeal your assessment and save money. An appraisal from Hughes Appraisals, LLC is your best evidence when building your case. At Hughes Appraisals, LLC, we're equipped to assist you in appealing your tax assessment. Eliminate PMI to lower your mortgage paymentWhen the amount being loaned to the home owneris more than 80% of the actual value of the real estate, many lenders ask homebuyers to take out this supplemental insurance plan. That policy is Private Mortgage Insurance, or PMI. Seeing that added payment is usually bundled into the monthly mortgage payment, it is often forgotten. PMI is unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark, making this very unfortunate. In fact, the Homeowners Protection Act (HPA) of 1998 was invoked by the United States Congress that requires lenders to dismiss the PMI installments when the loan-to-value ratio conditions have been met. If you'd like to do away with PMI, Hughes Appraisals, LLC can provide you with a statement regarding the value of your home. The cost of the home valuation can generally be offset in little time because you'll no longer be paying the PMI. Order an appraisal from Hughes Appraisals, LLC Order onlineSettle a divorce with less stressA divorce is a very horrible experience for the parties involved, and it is often further complicated by the troublesome decision of who gets the home. It's a good idea to get an appraisal from Hughes Appraisals, LLC so both parties are completely aware of the true market value of their home, regardless of the situation. The parties will have a better idea of what price to set, if they wish to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation. Fair and accurate estate liquidationThe death of a loved one is a difficult time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Fair Market Value for the real estate involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the fullest degree of discretion. Most Americans don't have dedicated estate planners or executors to manage these issues, unlike wealthy individuals. 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 vital importance to ensuring disputing parties walk away knowing they've received an honest deal. Relocate to or from Hennepin County through an employee relocation programEmployee relocation can be a stressful event, and we understand. We take great care in establishing a convenient appointment time for the appraisal inspection. During our intensive inspection, we encourage relocating employees to provide feedback on the positive attributes of their property, as well as information regarding any new sales or listings in their neighborhood that they want considered. Close on your home promptly - for an accurate priceA professional appraisal will help you make a better educated decision regarding your selling 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. Our fees are calculated on our efforts to finish the appraisal report and not a percentage of the sales price. On a daily basis, we examine the difference in value things like an additional bathroom or a kitchen remodel can make. Obtaining a professional appraisal is a trusted way to determine what improvements will add value and what a suitable 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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