Reasons to choose an appraisal from Price Appraisals & Realty, LLC
To many, an appraisal just looks like one more thing in the long list of items for a home purchase or refinance. The majority of lenders still call for a local expert because the stakes are very high, even though there are a budding number of automated home valuation systems that may appear cheaper than an appraisal. You might believe that obtaining a mortgage is the only reason to get an appraisal, but there are more cases when the services of a certified, independent real estate professional might be beneficial.
Dispute your tax assessment in Travis County
If you live in an area where the property value 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. At Price Appraisals & Realty, LLC, we're capable of assisting you in disputing your tax assessment.
Get rid of PMI to lower your mortgage payment
When the amount being loaned to the homebuyeris more than 80% of the actual value of the property, almost all lenders ask buyers to buy this added insurance policy. That policy is Private Mortgage Insurance, or PMI. This additional payment is often lumped into the monthly mortgage payment and is quickly forgotten. This is unfavorable because PMI is unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% level. In fact, the Homeowners Protection Act (HPA) of 1998 was invoked by the United States Congress requiring lenders to remove the PMI payments when the loan-to-value ratio conditions have been met.
Price Appraisals & Realty, LLC can provide you with a statement regarding the value of your home, and the price you paid for the home valuation can often be recovered in little time because you'll no longer be paying the PMI.
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Divorce settlement with less stress
A divorce can be an especially horrible experience for both parties, and it is often more complicated by the challenging decision of who keeps the home. Regardless of the situation, it's a good idea to order an appraisal from Price Appraisals & Realty, LLC so both parties are entirely aware of the true market value of their property.
If the parties need 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 liquidation
Losing a loved one is a difficult 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. 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).
Most Americans don't have dedicated estate planners or executors to take care of these matters, unlike wealthy individuals. And seeing that a home or other property often makes up a disproportionate share of the total estate value, knowing the true value of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've gotten an honest deal.
Move to or from Travis County through an employee relocation program
Employee relocation can be a stressful event, and we understand. That being said, we take great care in organizing a convenient appointment time for the appraisal inspection. During our thorough inspection, we encourage relocating employees to provide remarks on the positive aspects of their property, along with information about any current sales or listings in their area that they want considered.
Sell your home promptly — at the right price
A professional appraisal can help you make a better educated decision when determining your selling 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 related to the sales price, but rather they rest on our efforts to complete the appraisal report.
We determine the difference in value things like an additional bathroom or a kitchen remodel can make on a daily basis. Getting 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 houses are one the market.