Why you should order an appraisal from Anderson & Associates
To a lot of people, an appraisal just looks like a line item in the long list of items for a home purchase or refinance. The majority of lenders still call for a local expert because the stakes are so high, even though there are a developing number of automated home valuation methods that may appear more cost-effective than an appraisal. Is getting a mortgage the only reason to get an appraisal? Are there additional situations when the services of a certified, independent real estate professional could be beneficial? Of course there are.
Appeal your tax assessment
If you are in an area where the property value has declined, it's possible you're paying too much in property taxes. When building your case, an appraisal from us is your best evidence. At Anderson & Associates, we're capable of assisting you in disputing your tax assessment.
Remove PMI to lower your mortgage payment
When the amount being loaned to the home owneris more than 80% of the actual value of the home, almost all lenders ask home buyers to purchase this supplemental insurance plan. That policy is Private Mortgage Insurance, or PMI. Seeing that additional payment is usually folded into the monthly mortgage payment, it is often forgotten. This is damaging because PMI isn't 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 eliminate the PMI installments when the loan-to-value ratio conditions have been met.
Anderson & Associates can give you a statement regarding the value of your home, and the cost of the appraisal can generally be recovered in little time because you'll no longer be paying the PMI.
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Divorce settlement with less stress
A divorce can be a particularly daunting ordeal for both parties, and it is often more complicated by the burdensome decision of who keeps the house. Regardless of the circumstances, it's a good idea to get an appraisal from Anderson & Associates so both parties are entirely aware of the true market value of their property.
The parties will have a better idea of what price to set, if they wish to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've gotten a fair assessment.
Accurate and fair estate liquidation
Losing 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 Fair Market Value for the real estate involved. We ensure the maximum degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Unlike wealthy individuals, most Americans don't have dedicated estate planners or executors to handle these issues. And seeing that a home or other property often makes up a disproportionate share of the total estate value, understanding the true worth of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've received a fair deal.
Relocate to or from Clark County through an employee relocation program
We are familiar with the stress associated with an employee relocation. That's why we take great care in organizing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive features of their property, as well as information regarding any new sales or listings in their area that they want considered during our detailed inspection.
Sell your home promptly — for the right price
A professional appraisal will help you make a better educated decision regarding your asking price, whether you want to sell your home on your own or with the help of a real estate agent. Apart from a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees are calculated on our efforts to finish the appraisal report and and aren't related to the sales price.
We examine the difference in value items like an additional bathroom or a kitchen remodel can make on a daily basis. Obtaining 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 houses stay on the market.