Why you should order an appraisal

To a lot of people, an appraisal just looks like one more thing in the long list of items for a mortgage or refinance. Almost all lenders still want a local expert because the stakes are so high, even though there are a developing number of automated home valuation processes that may seem more practical than an appraisal. You might think that securing a mortgage is the only reason you should get an appraisal, but there are other instances when the services of a certified, independent real estate professional might be helpful.

Let Price Appraisals & Realty, LLC help you lower your mortgage payment

Dispute your tax assessment

It's possible you're paying too much in property taxes if you live in an area where property values have declined. Property taxes are determined by a past assessment of your real estate, so if prices have declined in your area, you can challenge your assessment and save money. An appraisal from Price Appraisals & Realty, LLC is your best evidence when building your case. We're qualified to assist you in challenging 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 homeowners to take out this additional insurance plan. That policy is Private Mortgage Insurance, or PMI. This additional payment is often bundled into the monthly mortgage payment and is soon forgotten. PMI becomes unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - falls below the 80% level, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was invoked by the United States Congress that requires lenders to eliminate the PMI installments when the loan-to-value ratio conditions have been met.

Price Appraisals & Realty, LLC will produce a statement regarding the value of your home, and the cost of the home valuation can generally be recovered in a short amount of time because you'll no longer be paying the PMI.

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Get a fair valuation on a home take make a divorce settlement less stressful

A divorce is often complicated by the troublesome decision of who gets the house, and it can be a very horrible event for both parties. So both parties are entirely aware of the true market value of their house, it's a good idea to get 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 need to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.

Ascertain an accurate and fair valuation for estate liquidation

The death of a loved one is a painful 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, guaranteeing the maximum degree of discretion.

Unlike many wealthy individuals, most Americans do not have dedicated estate planners or executors to manage these affairs. And since 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 received a fair deal.

Move to or from Travis County through an employee relocation program

We know the headaches involved with an employee relocation. We take great care in organizing an accommodating appointment time for the appraisal inspection. During our detailed inspection, we suggest relocating employees to provide feedback on the positive aspects of their property, along with information regarding any recent sales or listings in their area that they want considered.

Sell your home quickly — at an accurate price

Whether you decide to sell your home on your own or with the help of a real estate agent, a professional appraisal will help you make a better educated decision regarding your selling price. Apart from a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees are calculated on our efforts to complete the appraisal report and not a percentage of the sales price.

On a daily basis, we determine the difference in value items like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long housesare on the market. So, obtaining a professional appraisal is a trusted way to decide 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.

Let Price Appraisals & Realty, LLC assist you in selling your home quickly at the right price