Miami Dade Appraisal Secrets: Insider Tips for Scoring Big on Waterfront Properties
April 3, 2024 homevalue
In Miami-Dade County, the magic of breathtaking views and the thrill of navigating the property market come together in an extraordinary dance of numbers, dreams, and the pulse of urban life. Here, we’re peeling back the layers of just how property appraisals capture the essence of one of the most electrifying real estate markets in […]
Navigating Property Taxes: Unlock Savings with a Tax Protest Appraisal
April 1, 2024 homevalue
Have you ever taken a close look at your property tax bill and thought, “This can’t be right”? Well, you might be onto something! Sometimes, the value your home is given for tax purposes doesn’t match up with what it’s really worth. This is where stepping into the world of tax protest appraisals can be […]
March 1, 2024 homevalue
Going through a divorce in Miami, FL, involves more than just emotional and legal challenges; it also includes a critical financial component, especially when it comes to dividing marital assets. Accurate property valuation is paramount to ensure a fair distribution, and this is where appraisals gain significance. An appraisal provides an objective estimate of a […]
Understanding PMI: Clarifying If It’s Based on Loan Amount or Appraisal Value | Home Value Inc
February 4, 2024 homevalue
When purchasing a home with a mortgage, borrowers may encounter Private Mortgage Insurance (PMI) if they offer less than a 20% down payment. PMI is an insurance policy that provides a financial safeguard for lenders against the risk of default. Understanding the nature and calculations behind PMI is essential for homeowners, especially when considering the […]
The Ultimate Guide to Understanding Your Property’s Value in Miami: Key Factors and Market Trends
February 4, 2024 homevalue
Understanding the value of your property in Miami requires a comprehensive approach that takes into account various local factors. From the scenic beachfront condos to the suburban single-family homes, property value in this dynamic real estate market can be influenced by a diverse range of elements. Grasping these factors is essential, as the value of […]
Can You Get PMI Removed from an FHA Loan? Understanding Your Options
January 5, 2024 homevalue
Private Mortgage Insurance, or PMI, is a type of insurance that lenders require from most homeowners who obtain loans that are more than 80% of their new home’s value. In the case of loans insured by the Federal Housing Administration (FHA), this insurance comes in the form of a Mortgage Insurance Premium (MIP). While FHA […]
What Happens if Appraisal is Higher than Offer in Miami-Dade County? A Quick Analysis
December 22, 2023 homevalue
In Miami-Dade County, property appraisals play a significant role in determining your property taxes. When a house is appraised at a higher value than the offer, it can have implications on your property tax bill. Understanding the process of property appraisal and the factors affecting it is crucial to handle situations where the appraisal is […]
December 2, 2023 homevalue
In Miami-Dade County, homeowners may be keen on eliminating Private Mortgage Insurance (PMI) to reduce their monthly mortgage payments. PMI is often required by lenders when a borrower is unable to make a down payment of at least 20% of the home’s value. As a homeowner builds up equity in their property and their loan-to-value […]
How Long Does an Appraisal Take? A Comprehensive Guide
September 28, 2023 homevalue
In real estate, one question often looms large for homeowners, buyers, and sellers alike: “How long does an appraisal take?” An appraisal, a crucial step in property buying and selling, can influence mortgage approvals, sale prices, and more. This guide will delve deep into the appraisal process, its duration, and the factors that can influence […]
How Accurate Are Online Property Appraisals in Miami-Dade?
September 15, 2023 homevalue
Introduction The digital age has brought about many online tools to make our lives easier, including online property appraisals. But how accurate are these digital evaluations, especially in a complex market like Miami-Dade? This article aims to shed light on the reliability of online property appraisals in Miami-Dade. Background Property appraisal is critical to real […]
Home Value Inc. performs residential and commercial appraisals for its clients in greater Miami-Dade County and the following cities in South Florida. We provide services to the following cities -
