Reasons someone would hire ECL Appraisals

To a lot of us, an appraisal is simply another fee on the break-sheet for a home sale or refinance. And even though there are a developing number of automated home valuation methods that might appear more prudent than an appraisal, nearly all lenders still call for a local expert because the stakes are very high. You might assume that obtaining a mortgage is the only reason to get an appraisal, but there are more cases when the services of a licensed, independent real estate professional could be helpful.


	For real estate appraisals in the Tampa Bay area, it's easiest when your order online from ECL Appraisals, just click here.

Let ECL Appraisals help you challenge your tax assessment in Hillsborough County

It'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 previous assessment of your real estate, so if values have gone down in your area, you can challenge your assessment and save money. When building your case, an appraisal from ECL Appraisals is your best evidence. At ECL Appraisals, we're qualified to assist you in appealing your tax assessment.

How can 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, most lenders ask home owners to take out an extra insurance plan. That policy is Private Mortgage Insurance, or PMI. This added payment is often lumped into the monthly mortgage payment and is promptly forgotten. This is bad because PMI is unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - dips below the 80% level. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to remove the PMI payments when the loan-to-value ratio conditions have been met.

If you'd like to get rid of PMI, ECL Appraisals will provide you with a statement regarding the value of your home. The expense of the appraisal can usually be offset in just a few months because you'll no longer be paying the PMI.

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

A divorce can be an especially daunting ordeal for both parties, and it is often more complicated by the difficult decision of who maintains the home. Regardless of the circumstances, it's a good idea to order an appraisal from Craig Lynn so both parties are fully aware of the true market value of their home.

The parties will have a good 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 gotten a fair evaluation.

Accurate and fair estate liquidation

The loss of 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 real estate involved. We ensure the fullest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).

Most Americans don't have dedicated estate planners or executors to take care of these issues, unlike wealthier individuals. And seeing that a home or other property often makes up an uneven share of the total estate value, knowing the certain value of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've received a fair deal.

Relocating to Tampa Bay market?

Employee relocation can be a stressful event. We know where you're coming from. That being said, we take great care in setting up a convenient appointment time for the appraisal inspection. During our intensive process, we recommend relocating employees to provide input on the positive features of their property, as well as information about any current sales or listings in their area that they want considered.

Don't sell out short or let your home stay 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 better educated decision regarding your selling price. Separate from a real estate agent, an appraiser has no vested interest in what price the house sells for. The price we charge isn't a percentage of the sales price, but rather they are based on our efforts to complete the appraisal.

On a daily basis, we examine the difference in value things like an extra bathroom or a kitchen remodel can make. Getting 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 an unnecessarily long time - because we're experts in knowing how long homes stay on the market.