New to Miami? Here’s What You Need to Know About Our Unique Property Appraisal System
November 7, 2024 homevalue
Did you know that Miami’s property values have increased by 20% in the last year alone? Welcome to the Magic City’s dynamic real estate market! If you’re new to the area, you might be surprised by our unique property appraisal system. Miami’s approach to assessing property values is different from that of many other cities […]
Miami-Dade Appraisal Timelines: Factors That Affect Duration and How to Prepare
November 7, 2024 homevalue
When the Martinez family in Miami-Dade decided to refinance their home, they didn’t realize that the appraisal process would be the most time-consuming. Home appraisals play a key role in real estate transactions in Miami-Dade County. They help set property values and are often needed for mortgages and refinancing. Many homeowners wonder how long the […]
Top 8 Reasons to Get a Commercial Property Appraisal: Maximizing Your Real Estate Investment
October 2, 2024 homevalue
Commercial property appraisals play a crucial role in real estate transactions and investment decisions. These evaluations provide an unbiased estimate of a property’s market value, helping buyers, sellers, and lenders make informed choices. A commercial real estate appraisalconsiders factors such as the property’s condition, location, and income potential to determine its worth. There are many […]
5 Key Differences Between Residential and Commercial Appraisals
October 2, 2024 homevalue
Real estate appraisals play a key role in property transactions. They help buyers, sellers, and lenders determine fair market values. However, not all appraisals are the same. The methods used to value homes and commercial buildings differ in important ways. Understanding these differences can help property owners and investors make smart choices. This article looks […]
Why Top-Rated Property Appraisers in Miami, Florida, Are Essential for Accurate Home Valuations
August 30, 2024 homevalue
Miami’s real estate market is known for its complexity and dynamism. Accurately valuing a diverse range of properties, from luxury condos to historic homes, can be challenging. This is where top-rated property appraisers come in, providing crucial expertise to ensure fair and accurate home valuations. Choosing a reputable property appraiser in Miami is essential for […]
Everything You Need to Know About PMI in Florida in 7 Simple Points
August 25, 2024 homevalue
Private Mortgage Insurance (PMI) is an important part of buying a home in Florida for many people. It helps those who can’t make a big down payment get a loan. PMI protects the lender if the borrower stops paying the mortgage. PMI in Florida works like in other states, but there are some special rules. […]
Is Your PMI Affected by Appraised Value? 5 Key Insights for Homeowners to Understand
August 25, 2024 homevalue
Buying a home often involves dealing with Private Mortgage Insurance (PMI). This insurance protects lenders when borrowers make smaller down payments. Many homebuyers wonder how PMI relates to their home’s appraised value. PMI rates are tied to the loan-to-value ratio, which compares the loan amount to the home’s appraised value. Understanding this link can help […]
Miami Real Estate 2024: Top 8 Trends Shaping the Market
July 7, 2024 homevalue
The Miami real estate market in 2024 is a total of dynamic changes and opportunities that cannot be overlooked. With rising property values and increasing market demand for various property types, staying informed about the Miami real estate market is not just important; it’s empowering. It allows potential investors and homeowners to make the best […]
How to Leverage Appraisals for Better Mortgage Refinancing Outcomes: Expert Valuation Strategies
June 6, 2024 homevalue
In the world of mortgage refinancing, a property appraisal is a critical factor that can significantly impact the outcome of your application. It is the appraisal that determines the current market value of your home, which in turn influences the available terms of your refinanced mortgage. A well-understood and -prepared appraisal can lead to favorable […]
June 6, 2024 homevalue
Contesting property taxes using appraisals is a strategic approach to ensuring that homeowners are not overburdened by erroneous tax assessments. Property tax assessments are based on the valuation of the property. Sometimes, these assessed values may not accurately reflect the property’s true market value. Homeowners have the right to appeal these valuations if they believe […]
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 -
