Reasons to get an appraisalThousands of people in Texas buy, sell or refinance their home every year. A lot of these transactions consist of a simple line item for an appraisal. Nearly all lenders still call in a local expert because the stakes are incredibly high, even though there are an increasing number of automated home valuation systems that may appear to be less expensive than an appraisal. Is getting a mortgage the only reason to acquire an appraisal? Are there also instances when the services of a certified, independent real estate professional might be beneficial? Absolutely. ![]() Challenge your tax assessment in Potter CountyIf you live in an area where the value of property has depreciated, it's possible you're paying too much in property taxes. When building your case, an appraisal from us is your best evidence. We can assist you in challenging your tax assessment. Remove PMI to lower your mortgage paymentWhen the amount being loaned to the home buyeris more than 80% of the actual value of the home, many lenders ask buyers to purchase this added insurance policy. That policy is Private Mortgage Insurance, or PMI. More often than not, this added payment is folded into the monthly mortgage payment and is quickly forgotten. This is bad because PMI isn't required when the remaining balance of the loan - whether through market appreciation or principal pay down - falls below the 80% mark. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to eliminate the PMI installments when the loan-to-value ratio conditions have been met. If you'd like to get rid of PMI, Anderson Appraisal, LLC will produce a statement regarding the value of your home. The price you paid for the home valuation can generally be regained in little time because you'll no longer be paying the PMI. Order your appraisal from Anderson Appraisal, LLC today Order onlineGet a fair valuation on a home for divorce settlementsA divorce can be a particularly horrible ordeal for both parties, and it is often further complicated by the strenuous decision of who keeps the home. Regardless of the circumstances, 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 house. If the parties wish 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 gotten a fair assessment. Fair and accurate estate liquidationThe loss of a loved one is a hard time in life, and settling an estate from a death, or probate, often requires an appraisal to establish Fair Market Value for the residential property involved. We ensure the highest 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 manage these affairs. And since a home or other property often makes up an unequal share of the total estate value, knowing the true worth of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've received an honest deal. Relocate to or from Potter County for workWe understand the headaches involved with an employee relocation. That's why we take great care in establishing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive characteristics of their property, along with information regarding any recent sales or listings in their neighborhood that they want considered during our detailed inspection. Sell your home promptly — for an accurate priceA professional appraisal can help you make a more informed decision regarding your asking price, whether you want to sell your home on your own or use the assistance of a real estate agent. An appraiser has no vested interest in what amount the house sells for, apart from real estate agents. Our fees are calculated on our efforts to finish the appraisal report and not a percentage of the sales price. On a daily basis, we analyze the difference in value things like an additional bathroom or a kitchen remodel can make. Seeking a professional appraisal is a trusted way to determine 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 houses are one the market. ![]() |