Reasons to get an appraisal from Price Appraisals & Realty, LLC
Thousands of people in Texas purchase, sell or refinance their home every month. Many of these transactions consist of a simple line item for an appraisal. Almost all lenders still want a local expert because the stakes are so high, even though there are a multiplying number of automated home valuation methods that might appear cheaper than an appraisal. Is obtaining a mortgage the only reason to acquire an appraisal? Are there other situations when the services of a certified, independent real estate professional could come in handy? Of course there are.
Challenge your tax assessment in Travis County
If you live in an area where property values have 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 equipped to assist you in disputing your tax assessment.
Getting rid of your PMI for mortgage payments
When the amount being loaned to the buyeris more than 80% of the actual value of the real estate, most lenders ask buyers to buy this extra insurance plan. That policy is Private Mortgage Insurance, or PMI. Seeing that added payment is usually bundled into the monthly mortgage payment, it is often forgotten. This is unfortunate because PMI is no longer required when the remainder of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress that requires lenders to dismiss the PMI installments when the loan-to-value ratio conditions have been met.
If you'd like to do away with PMI, Price Appraisals & Realty, LLC can provide you with a statement regarding the value of your home. The cost 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 is a very traumatic event for the parties involved, and it is often further complicated by the hard decision of who maintains the house. So both parties are fully aware of the true market value of their house, it's a good idea to order an appraisal from Price Appraisals & Realty, LLC, regardless of the situation.
The parties will have a good idea of what price to set, if they want to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation.
Ascertain an accurate and fair valuation for estate liquidation
The loss of a loved one is a difficult 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. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the maximum degree of discretion.
Most Americans don't have dedicated estate planners or executors to take care of these issues, unlike wealthier individuals. And since a home or other property often makes up an unequal share of the total estate value, understanding the true worth of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've received a fair deal.
Relocate to or from Travis County through an employee relocation program
We know the stress involved with an employee relocation. That being said, we take great care in setting up a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive characteristics of their property, along with information regarding any current sales or listings in their area that they want considered during our detailed inspection.
Sell your home promptly — for an accurate price
A professional appraisal will help you make a more informed decision regarding your asking price, whether you want 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, unlike real estate agents. Our fees aren't related to the sales price, but rather they are calculated on our efforts to complete the appraisal report.
We analyze the difference in value items like an extra bathroom or a kitchen remodel can make on a daily basis. Obtaining a professional appraisal is a trusted way to determine 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 houses are one the market.