Why you should hire an appraiser
Year after year, thousands of people in Texas buy, sell or refinance their home. Many of these transactions involve a simple line item for an appraisal. And even though there are a multiplying number of automated home valuation processes that might appear less expensive than an appraisal, practically all lenders still want a local expert because the stakes are so high. You might think that securing a mortgage is the only reason to get an appraisal, but there are other times when the services of a certified, independent real estate professional could come in handy.
Challenge your tax assessment
It's probable you're paying too much in property taxes if you live in an area where property values have declined. Property taxes are based upon a previous assessment of your home, so if values have declined in your area, you can challenge your assessment and save money. An appraisal from Anderson Appraisal, LLC is your best evidence when building your case. We're capable of assisting you in disputing your tax assessment.
PMI removal to lower your mortgage payment
When the amount being loaned to the homeowneris more than 80% of the actual value of the property, most lenders ask home owners to take out this additional insurance policy. That policy is Private Mortgage Insurance, or PMI. This additional payment is often bundled into the monthly mortgage payment and is quickly forgotten. PMI is no longer required when the remaining balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark, making this very unfortunate. In fact, the Homeowners Protection Act (HPA) of 1998 was invoked by the United States Congress that requires lenders to eliminate the PMI installments when the loan-to-value ratio conditions have been met.
Anderson Appraisal, LLC can produce a statement regarding the value of your home, and the expense of the home valuation can generally be recovered in little time because you'll no longer be paying the PMI.
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Divorce settlement with fewer hang-ups
A divorce can be a particularly daunting ordeal for both parties, and it is often more complicated by the strenuous decision of who gets the property. So both parties are fully aware of the true market value of their house, it's a good idea to get an appraisal from Anderson Appraisal, LLC, regardless of the circumstances.
If the parties want to sell the home, they'll have a clearer picture of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation.
Accurate and fair estate liquidation
Losing a loved one is a hard time in life, and settling an estate from a death, or probate, often calls for an appraisal to establish Fair Market Value for the residential property involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the highest degree of discretion.
Most Americans do not have dedicated estate planners or executors to take care of these affairs, unlike wealthy individuals. A home or other property often makes up an uneven share of the total estate value, so knowing the true value of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've received a fair deal.
Relocate to or from Randall County for work
We understand the stress associated with an employee relocation. We take great care in organizing a convenient appointment time for the appraisal inspection. During our intensive inspection, we encourage relocating employees to provide input on the positive attributes of their property, along with information regarding any current sales or listings in their area that they want considered.
Sell your home quickly — at the right price
A professional appraisal can help you make a better educated decision when determining your asking price, whether you decide to sell your home on your own or with the help of a real estate agent. An appraiser has no vested interest in what price the house sells for, apart from real estate agents. Our fees aren't a percentage of the sales price, but rather they depend on our efforts to complete the appraisal report.
On a daily basis, we determine the difference in value things like an additional bathroom or a kitchen remodel can make. Getting a professional appraisal is a reliable way to decide what improvements will add value and what an appropriate 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.