Anderson Appraisal, LLC in Amarillo perform appraisals for diverse reasons

Thousands of people in Texas buy, sell or refinance their home every year. Many of these transactions contain a simple line item for an appraisal. Almost all lenders still want a local expert because the stakes are incredibly high, even though there are a developing number of automated home valuation processes that might appear to be more cost-effective than an appraisal. You might think that obtaining a mortgage is the only reason you should get an appraisal, but there are additional situations when the services of a licensed, independent real estate professional could be beneficial.


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Challenge your tax assessment in Randall 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 based upon a previous assessment of your real estate, so if prices are less than what they used to be in your neighborhood, you can appeal your assessment and save money. When building your case, an appraisal from Anderson Appraisal, LLC is your best evidence. At Anderson Appraisal, LLC,we can assist you in disputing your tax assessment.

Removing PMI will lower your mortgage payment

Private Mortgage Insurance, or PMI, is an additional insurance plan that many lenders ask homebuyers to buy when the amount being loaned to the homebuyer is more than 80% of the actual value of the real estate. Very often, this added payment is lumped into the monthly mortgage payment and is soon forgotten. PMI is unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark, making this very unfavorable. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to eliminate the PMI payments when the loan-to-value ratio conditions have been met.

If you'd like to do away with PMI, Anderson Appraisal, LLC can produce a statement regarding the value of your home. The cost of the appraisal can generally be regained in just a few months because you'll no longer be paying the PMI.

Settling a divorce with less stress with an appraisal from Anderson Appraisal, LLC

A divorce is an especially daunting ordeal for the parties involved, and it is often more complicated by the strenuous decision of who keeps the home. It's a good idea to get an appraisal from Anderson Appraisal, LLC so both parties are completely aware of the true market value of their property, regardless of the circumstances.

If the parties want to sell the home, they'll have a better idea of what price to set. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.

Settling an estate with peace of mind

Losing a loved one is a hard time in life, and settling an estate from a death, or probate, often requires an appraisal to establish Market Value for the residential property involved. We ensure the maximum degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).

Unlike many wealthy individuals, most Americans don't have dedicated estate planners or executors to take care of these affairs. And since a home or other property often makes up an unequal share of the total estate value, understanding the absolute value of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've gotten an honest deal.

Let Anderson Appraisal, LLC help you with relocating to or from Randall County

We are familiar with the stress associated with an employee relocation. That being said, we take great care in organizing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive characteristics of their property, as well as information about any new sales or listings in their neighborhood that they want considered during our intensive process.

Let Anderson Appraisal, LLC assist you in selling your home quickly at the right price

A professional appraisal will help you make a more informed decision when determining your asking price, whether you want to sell your home on your own or use the assistance of a real estate agent. Unlike a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees aren't contingent upon the value we report, but rather they rest on our efforts to complete the appraisal.

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