There are lots of reasons consumers call on Accurate AppraisalsThousands of people in Texas purchase, sell or refinance their home each year. Most of these transactions involve a simple line item for an appraisal. Most lenders still call in a local expert because the stakes are so high, even though there are a multiplying number of automated home valuation systems that might appear to be more prudent than an appraisal. But is getting a mortgage the only reason to acquire an appraisal? Are there additional situations when the services of a licensed, independent real estate professional might be helpful? Absolutely.
Appeal your tax assessment in Harris CountyIf you live in an area where property values have declined, it's possible you're paying too much in property taxes. When building your case, an appraisal from Accurate Appraisals is your best evidence. At Accurate Appraisals, we're capable of assisting you in challenging your tax assessment.
Let Accurate Appraisals help you lower your mortgage paymentPrivate Mortgage Insurance, or PMI, is an extra insurance plan that almost all lenders ask buyers to purchase when the amount being loaned to the homeowner is more than 80% of the actual value of the home. This added payment is often lumped into the monthly mortgage payment and is promptly forgotten. This is damaging because PMI is no longer required when the leftover balance of the loan - whether through market appreciation or principal pay down - falls below the 80% mark. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to dismiss the PMI payments when the loan-to-value ratio conditions have been met.
Accurate Appraisals can produce a statement regarding the value of your home, and the cost of the appraisal can usually be recovered in just a few months because you'll no longer be paying the PMI.
An appraisal from Accurate Appraisals will help you settle a divorce with less stressA divorce is a very daunting event for the parties involved, and it is often more complicated by the burdensome decision of who keeps the house. It's a good idea to get an appraisal from Accurate Appraisals so both parties are fully aware of the true market value of their property, regardless of the circumstances.
The parties will have a clearer picture of what price to set, if they need 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 assessment.
Settling an estate with peace of mindThe loss of a loved one is a hard time in life, and settling an estate from a death, or probate, often calls for an appraisal to establish 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 highest degree of discretion.
Most Americans do not have dedicated estate planners or executors to handle these issues, unlike wealthy individuals. And since a home or other property often makes up a disproportionate share of the total estate value, understanding the true value of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've gotten a fair deal.
Relocating to or from Harris County?We are familiar with the headaches associated with an employee relocation. That being said, we take great care in organizing an accommodating appointment time for the appraisal inspection. During our intensive process, we recommend relocating employees to provide feedback on the positive characteristics of their property, along with information about any recent sales or listings in their neighborhood that they want considered.
Don't sell out short or let your home stay on the market too long.Whether you choose to sell your home on your own or with the help of a real estate agent, a professional appraisal will help you make a more informed decision regarding your selling price. An appraiser has no vested interest in what price the house sells for, which is different than the interest of real estate agents. The price we charge isn't contingent upon the value we report, but rather they are based on our efforts to complete the appraisal.
We analyze the difference in value things like an extra 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 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 stay on the market.