There are lots of reasons consumers call on Mackey Appraisals

To many, an appraisal is simply a line item on the break-sheet for a home purchase or refinance. Almost all lenders still call in a local expert because the stakes are incredibly high, even though there are a developing number of automated home valuation processes that might seem more practical than an appraisal. But is securing a mortgage the only basis for getting an appraisal? Are there also times when the services of a certified, independent real estate professional might be helpful? Of course there are.


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Challenge your tax assessment in Pennington County

If you reside in an area where the value of property has declined, it's possible you're paying too much in property taxes. An appraisal from Mackey Appraisals is your best evidence when building your case. At Mackey Appraisals,we can assist you in disputing your tax assessment.

Let Mackey Appraisals help you eliminate PMI to lower your mortgage payment

When the amount being loaned to the buyer is more than 80% of the actual value of the real estate, many lenders ask buyers to take out an additional insurance policy. That policy is Private Mortgage Insurance, or PMI. This additional payment is often bundled into the monthly mortgage payment and is quickly forgotten. PMI is unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - goes below the 80% level, making this very unfavorable. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to do away with the PMI installments when the loan-to-value ratio conditions have been met.

If you'd like to get rid of PMI, Mackey Appraisals will provide you with a statement regarding the value of your home. The price you paid for the home valuation can often be offset in just a few months because you'll no longer be paying the PMI.

Settling a divorce with less stress with an appraisal from Mackey Appraisals

A divorce is a particularly heartbreaking experience for the parties involved, and it is often even more complicated by the challenging decision of who keeps the home. So both parties are completely aware of the true market value of their home, it's a good idea to order an appraisal from Mackey Appraisals, regardless of the circumstances.

If the parties want 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 gotten a fair assessment.

Settling an estate with peace of mind

The death of a loved one is a hard time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Market Value for the real estate involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the utmost degree of discretion.

Unlike wealthier individuals, most Americans do not have dedicated estate planners or executors to take care of these issues. A home or other property often makes up an unequal share of the total estate value, so understanding the true value of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've received an honest deal.

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

Whether you decide to sell your home on your own or use the assistance of a real estate agent, a professional appraisal can help you make a more informed decision when determining your asking price. With much different interests than a real estate agent, an appraiser has no vested interest in what amount the house sells for. The price we charge isn't related to the sales price, but rather they are calculated on our efforts to complete the appraisal.

We analyze the difference in value items like an extra bathroom or a kitchen remodel can make on a daily basis. Obtaining a professional appraisal is a reliable 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 stay on the market.

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