Reasons someone would need Cathy Fraze

To many, an appraisal is simply another cost in the long list of items for a mortgage or refinance. Practically all lenders still need a local expert because the stakes are so high, even though there are a developing number of automated home valuation systems that may appear to be cheaper than an appraisal. But is getting a mortgage the only reason you should get an appraisal? Are there more instances when the services of a licensed, independent real estate professional could be helpful? You bet there are.


	When you're planning on any transaction where the value of your house is of importance, just contact Cathy Fraze. Just click here

Dispute your tax assessment in Brevard County

It's quite possible you're paying too much in property taxes if you reside in an area where property values have declined. Ad Valorem taxes are determined by a past assessment of your real estate, so if prices have declined in your neighborhood, you can challenge your assessment and save money. An appraisal from Cathy Fraze is your best evidence when building your case. At Cathy Fraze, we're qualified to assist you in disputing your tax assessment.

How can you get rid of PMI to lower your mortgage payment?

When the amount being loaned to the buyer is more than 80% of the actual value of the property, many lenders ask homebuyers to take out an added insurance policy. That policy is Private Mortgage Insurance, or PMI. Seeing that additional payment is usually lumped into the monthly mortgage payment, it is often forgotten. This is unfavorable because PMI is no longer required 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 implemented a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to remove the PMI payments when the loan-to-value ratio conditions have been met.

Cathy Fraze will produce a statement regarding the value of your home, and the cost of the home valuation can generally be regained in just a few months because you'll no longer be paying the PMI.

Divorce settlement with less stress

A divorce is a very daunting ordeal for the parties involved, and it is often even more complicated by the hard decision of who gets the home. Regardless of the circumstances, it's wise to order an appraisal from Cathy Fraze so both parties are entirely aware of the true market value of their home.

If the parties wish 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 gotten a fair evaluation.

Accurate and fair estate liquidation with Cathy FrazeSettling an estate

The death of a loved one is a painful 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.

Most Americans don't have dedicated estate planners or executors to manage these matters, unlike wealthier individuals. And since a home or other property often makes up an unequal share of the total estate value, knowing the true value of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've received an honest deal.

Let Cathy Fraze help you with relocating to or from Brevard County

Employee relocation is a real pain. We know where you're coming from! We take great care in organizing a convenient appointment time for the appraisal inspection. During our intensive process, we recommend relocating employees to provide remarks on the positive features of their property, as well as information about any recent sales or listings in their area that they want considered.

Don't sell out short 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 will help you make a better educated decision regarding your asking price. Unlike a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees are calculated on our efforts to complete the appraisal report and and aren't related to the sales price.

On a daily basis, we examine the difference in value items like an extra bathroom or a kitchen remodel can make. Getting 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 homes are one the market.