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- Advanced Appraisal Associates
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Advanced Appraisal Associates provides residential real estate appraisals for Mortgage Companies, Financial Institutions, Government Agencies, Attorney`s and Private Parties. Located in the Philadelphia Metro area we cover Delaware, Chester, Montgomery, Bucks and Philadelphia Counties. We provide appraisals for PMI removal, FHA, Refinances, Tax , Estate and specialize in Foreclosures properties. |
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Advanced Appraisal Associates
There are many reasons why you made need a real estate appraisal. The most common purpose for an appraisal is to obtain a mortgage on a home. Most lenders are required by federal and state laws, as well as current banking regulations, to obtain an appraisal in conjunction with most loans secured by real estate [mortgages] given by the lender.
Other common reasons for real estate appraisal`s include appraisals made for insurance purposes, estate valuations, property tax assessments, for buyers, sellers, and relocation companies. More complex appraisals are required for most condemnation proceedings, partial takings, leasehold valuations, various commercial developments, and other related real estate activities.
Advanced Appraisal Associates can teach you something about real estate appraisal that you didn`t know you needed...until now! AND we will offer you information that will save Philadelphia Metro home owners money.
Cost Comparison for a $100,000 Home
If you own a home in a participating community, you are eligible for flood insurance. There are many factors that affect the price you`ll pay for flood insurance. The higher the risk, the higher the premium.
If you purchase $100,000 in building coverage for your home, your annual premium could vary greatly depending on the area in which you live. Compare the three examples below.
If the property is located near the ocean and is subject to storm surge and hurricane damage, your premium could be over $1,000 annually because your home is in the highest risk area.
If the property is located near a river, lake or stream, your premium could be about $500 annually because of the high potential for flooding.
If the property is located in a low risk area your premium could be around $260 annually.
For specific information concerning your particular home and the cost of flood insurance, contact your insurance agent. Call us at
484-422-8329
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