Reasons to get an appraisal

Thousands of people in Texas buy, sell or refinance their home each year. A lot of these transactions consist of a simple line item for an appraisal. And even though there are a growing number of automated home valuation systems that may appear more cost-effective than an appraisal, practically all lenders still call for a local expert because the stakes are incredibly high. You might believe that securing a mortgage is the only reason to get an appraisal, but there are additional situations when the services of a certified, independent real estate professional could be helpful.

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Appeal your tax assessment

If you are in an area where property values have depreciated, it's possible you're paying too much in property taxes. 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.

Removing PMI for mortgage payments

When the amount being loaned to the home owneris more than 80% of the actual value of the home, almost all lenders ask home buyers to take out this extra insurance plan. That policy is Private Mortgage Insurance, or PMI. Oftentimes, this additional payment is lumped into the monthly mortgage payment and is soon forgotten. This is damaging because PMI is unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - falls below the 80% level. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress that requires lenders to remove the PMI payments when the loan-to-value ratio conditions have been met.

Anderson Appraisal, LLC can give you a statement regarding the value of your home, and the expense of the appraisal can generally be regained in little time because you'll no longer be paying the PMI.

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Get a clear valuation on a home take make a divorce settlement less stressful

A divorce can be a particularly traumatic experience for both parties, and it is often even more complicated by the troublesome decision of who keeps the property. So both parties are entirely 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 situation.

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

Determine a fair and accurate valuation for estate liquidation

The loss of a loved one is a hard time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Fair Market Value for the real estate involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the fullest degree of discretion.

Unlike wealthier individuals, most Americans do not have dedicated estate planners or executors to take care of these affairs. And since a home or other property often makes up an uneven share of the total estate value, knowing the true value of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've received an honest deal.

Move to or from Potter County for work

Employee relocation can be a stressful event, and we understand. That's why we take great care in organizing a convenient appointment time for the appraisal inspection. During our thorough inspection, we recommend relocating employees to provide input on the positive attributes of their property, along with information regarding any recent sales or listings in their area that they want considered.

Sell your home promptly — for the right price

Whether you decide to sell your home on your own or with the help of a real estate agent, a professional appraisal can help you make a better educated decision when determining your selling price. Unlike a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees rest on our efforts to complete the appraisal report and and aren't related to the sales price.

On a daily basis, we analyze the difference in value items like an extra bathroom or a kitchen remodel can make. Obtaining a professional appraisal is a reliable way to decide 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 homes are one the market.

Let Anderson Appraisal, LLC help you sell your home quickly at the right price