Price Appraisals & Realty, LLC in Lakeway are called upon for a variety of reasonsThousands of people in Texas buy, sell or refinance their home each year. Most of these transactions involve a simple line item for an appraisal. And while there are a budding number of automated home valuation systems that may appear more prudent than an appraisal, the majority of lenders still call in a local expert because the stakes are incredibly high. But is getting a mortgage the only reason to acquire an appraisal? Are there additional times when the services of a licensed, independent real estate professional could be helpful? Absolutely.
Appeal your tax assessment in Travis CountyIt's possible you're paying too much in property taxes if you reside in an area where property values have depreciated. Property taxes are determined by a previous assessment of your real estate, so if prices are less than what they used to be in your neighborhood, you can challenge your assessment and save money. An appraisal from Price Appraisals & Realty, LLC is your best evidence when building your case. At Price Appraisals & Realty, LLC,we can assist you in disputing your tax assessment.
Removing PMI will lower your mortgage paymentPrivate Mortgage Insurance, or PMI, is an additional insurance plan that most lenders ask homebuyers to buy when the amount being loaned to the home owner is more than 80% of the actual value of the property. This added payment is often lumped into the monthly mortgage payment and is quickly forgotten. PMI is unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - goes below the 80% mark, making this very unfortunate. In fact, the Homeowners Protection Act (HPA) of 1998 was approved by the United States Congress that requires lenders to dismiss the PMI installments when the balance is paid down to 78% of the original value.
If you'd like to get rid of PMI, Price Appraisals & Realty, LLC can produce a statement regarding the value of your home. The price you paid for the home valuation can often be offset in little time because you'll no longer be paying the PMI.
Settling a divorce with less stressA divorce is a very daunting event for the parties involved, and it is often further complicated by the challenging decision of who keeps the house. It's a good idea to get an appraisal from Price Appraisals & Realty, LLC so both parties are fully aware of the true market value of their home, regardless of the circumstances.
If the parties need to sell the home, they'll have a a good idea of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.
Settling an estate with peace of mindThe death 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 Market Value for the real estate involved. We ensure the utmost degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Most Americans do not have dedicated estate planners or executors to take care of these matters, unlike wealthier individuals. And since a home or other property often makes up an unequal share of the total estate value, understanding the precise value of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've received an honest deal.
Relocating to or from Travis County?We understand the stress involved with an employee relocation. That's why we take great care in establishing a convenient appointment time for the appraisal inspection. During our detailed process, we recommend relocating employees to provide feedback on the positive aspects of their property, as well as information regarding any new sales or listings in their neighborhood that they want considered.
Sell your home quickly at the right priceWhether you decide to sell your home on your own or use the assistance of a real estate agent, a professional appraisal will help you make a more informed decision when determining your selling price. An appraiser has no vested interest in what amount the house sells for, unlike real estate agents. The price we charge isn't contingent upon the value opinion we render, but rather they rest on our efforts to complete the appraisal.
On a daily basis, we examine the difference in value items like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long houses stay on the market. So, obtaining 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 for an extended amount of time.