Reasons to get an appraisal

To many, an appraisal is simply another cost in the long list of items for a home sale or refinance. While there are a developing number of automated home valuation processes that might appear to be more prudent than an appraisal, nearly all lenders still need a local expert because the stakes are incredibly high. You might believe that securing a mortgage is the only basis for getting an appraisal, but there are additional cases when the services of a licensed, independent real estate professional could be helpful.


	When you're planning on any transaction where the value of your real estate is of importance, you should contact Anderson & Associates. Just click here

Appeal your tax assessment in Clark County

It's likely you're paying too much in property taxes if you live in an area where property values have declined. Ad Valorem taxes are determined by a previous assessment of your home, so if prices have declined in your area, you can challenge your assessment and save money. When building your case, an appraisal from Anderson & Associates is your best evidence. At Anderson & Associates,we can assist you in challenging your tax assessment.

Let Anderson & Associates help you lower your mortgage payment

Private Mortgage Insurance, or PMI, is an extra insurance plan that most lenders ask homebuyers to purchase when the amount being loaned to the home owner is more than 80% of the actual value of the real estate. More often than not, this added payment is bundled into the monthly mortgage payment and is quickly forgotten. This is damaging because PMI becomes unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - falls below the 80% mark. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to eliminate the PMI payments when the loan-to-value ratio conditions have been met.

Anderson & Associates will give you a statement regarding the value of your home, and the price you paid for the appraisal can generally be regained in little time because you'll no longer be paying the PMI.

Settling a divorce with less stress with an appraisal from Anderson & Associates

A divorce is often complicated by the burdensome decision of who maintains the property, and it can be a particularly traumatic experience for both parties. So both parties are entirely aware of the true market value of their property, it's a good idea to get an appraisal from Anderson & Associates, regardless of the circumstances.

The parties will have a better idea of what price to set, if they want 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.

Settling an estate with peace of mind

The loss 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 Market Value for the real estate 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 don't have dedicated estate planners or executors to take care of 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 precise value of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've received an honest deal.

Anderson & Associates can assist you in relocating to or from Clark County

Moving due to a job change can be a stressful event. We know where you're coming from! That being said, we take great care in establishing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive aspects of their property, as well as information about any current sales or listings in their neighborhood that they want considered during our detailed process.

Don't sell out for too little or keep your home on the market too long.

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 asking price. An appraiser has no vested interest in what amount the house sells for, which is different than the interest of real estate agents. Our fees are derived from our efforts to perform the appraisal report and not a percentage of the sales price.

We examine the difference in value things like an extra bathroom or a kitchen remodel can make on a daily basis. Seeking a professional appraisal is a reliable way to determine 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 homes stay on the market.