Reasons to order an appraisal

To many, an appraisal just looks like another fee in the long list of items for a mortgage or refinance. And while there are an increasing number of automated home valuation processes that might seem less expensive than an appraisal, practically all lenders still need a local expert because the stakes are incredibly high. But is securing a mortgage the only reason to get an appraisal? Are there more situations when the services of a licensed, independent real estate professional might be helpful? Absolutely.


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Appeal your tax assessment in Randall County

It's probable you're paying too much in property taxes if you live in an area where property values have depreciated. Property taxes are determined by a previous assessment of your real estate, so if prices have declined in your area, 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're capable of assisting you in disputing your tax assessment.

How can you do away with PMI to lower your mortgage payment?

Private Mortgage Insurance, or PMI, is an additional insurance policy that many lenders ask buyers to buy when the amount being loaned to the homeowner is more than 80% of the actual value of the real estate. This added payment is often bundled into the monthly mortgage payment and is quickly forgotten. PMI becomes unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - dips below the 80% mark, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress requiring lenders to remove the PMI payments when the balance is paid down to 78% of the original value.

If you'd like to eliminate PMI, Anderson Appraisal, LLC will give you a statement regarding the value of your home. The price you paid for the appraisal can usually be regained in just a few months because you'll no longer be paying the PMI.

Settling a divorce with less stress

A divorce can be an especially daunting experience for both parties, and it is often more complicated by the strenuous decision of who gets the property. Regardless of the situation, it's a good idea to get an appraisal from Anderson Appraisal, LLC so both parties are entirely aware of the true market value of their house.

The parties will have a a good idea of what price to set, if they wish to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.

Settling an estate with peace of mind

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 residential property 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 do not have dedicated estate planners or executors to manage these matters, unlike many wealthy individuals. And since a home or other property often makes up an unequal share of the total estate value, understanding the certain value of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've gotten an honest deal.

Relocating to or from Randall County?

Employee relocation is a real pain. We know where you're coming from. That's why we take great care in establishing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive characteristics of their property, as well as information regarding any current sales or listings in their area that they want considered during our detailed process.

Selling your home quickly at the right price

A professional appraisal can help you make a more informed decision regarding your selling price, whether you choose to sell your home on your own or with the help of a real estate agent. With much different interests than a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees are derived from our efforts to finish the appraisal report and not a percentage of the sales price.

On a daily basis, we examine the difference in value things like an extra bathroom or a kitchen remodel can make. Obtaining a professional appraisal is a reliable way to determine what improvements will add value and what an applicable 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 stay on the market.