Why you should get an appraisal from Price Appraisals & Realty, LLC
Thousands of people in Texas purchase, sell or refinance their home each year. A lot of these transactions involve a simple line item for an appraisal. Even though there are an increasing number of automated home valuation systems that might appear to be cheaper than an appraisal, the majority of lenders still want a local expert because the stakes are incredibly high. Is obtaining a mortgage the only reason to get an appraisal? Are there more instances when the services of a licensed, independent real estate professional could come in handy? You bet.
Challenge your tax assessment
If you are 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. We're equipped to assist you in challenging your tax assessment.
PMI removal to reduce a mortgage payment
Private Mortgage Insurance, or PMI, is an additional insurance policy that almost all lenders ask home buyers to purchase when the amount being loaned to the home buyer is more than 80% of the actual value of the home. Oftentimes, this additional payment is folded into the monthly mortgage payment and is soon forgotten. This is damaging because PMI is unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - dips below the 80% level. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress requiring lenders to do away with the PMI payments when the loan-to-value ratio conditions have been met.
If you'd like to eliminate PMI, Price Appraisals & Realty, LLC will produce a statement regarding the value of your home. The cost of the appraisal can often be recovered in just a few months because you'll no longer be paying the PMI.
Order an appraisal from Price Appraisals & Realty, LLCOrder today
Divorce settlement with fewer hang-ups
A divorce is often complicated by the hard decision of who maintains the home, and it can be a particularly traumatic event for both parties. It's a good idea to get an appraisal from Price Appraisals & Realty, LLC so both parties are entirely aware of the true market value of their home, regardless of the circumstances.
The parties will have a a good idea of what price to set, if they want to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation.
Accurate and fair estate liquidation
The death of a loved one is a painful 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 fullest degree of discretion.
Unlike many wealthy individuals, most Americans do not have dedicated estate planners or executors to manage these affairs. And seeing that a home or other property often makes up an uneven share of the total estate value, understanding the true value of the real estate at hand is of significant importance to ensuring disputing parties leave knowing they've gotten a fair deal.
Relocate to or from Travis County for work
Employee relocation is a stressful event, and we understand. We take great care in establishing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive attributes of their property, as well as information about any current sales or listings in their area that they want considered during our thorough inspection.
Sell your home quickly — at the right price
A professional appraisal can help you make a better educated decision when determining your selling price, whether you choose to sell your home on your own or with the help of a real estate agent. An appraiser has no vested interest in what amount the house sells for, unlike 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 examine the difference in value items like an additional bathroom or a kitchen remodel can make. Seeking a professional appraisal is a trusted 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 homes are one the market.