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Why you should order an appraisal from Anderson & Associates

Thousands of people in Washington purchase, sell or refinance their home every month. A lot of these transactions have a simple line item for an appraisal. Even though there are a developing number of automated home valuation systems that may appear more cost-effective than an appraisal, practically all lenders still call in a local expert because the stakes are very high. You might assume that securing a mortgage is the only reason you should get an appraisal, but there are additional situations when the services of a certified, independent real estate professional might come in handy.

Let Anderson & Associates assist you in lowering your mortgage payment

Contest your tax assessment in Clark County

It's quite possible you're paying too much in property taxes if you reside in an area where property values have depreciated. Property taxes are based upon a past assessment of your home, so if prices are less than what they used to be in your area, you can challenge your assessment and save money. When building your case, an appraisal from us is your best evidence. We're equipped to assist you in disputing your tax assessment.

PMI removal to lower a mortgage payment

When the amount being loaned to the homebuyeris more than 80% of the actual value of the home, almost all lenders ask home buyers to purchase this added insurance policy. That policy is Private Mortgage Insurance, or PMI. This extra payment is often folded into the monthly mortgage payment and is quickly forgotten. This is bad because PMI isn't necessary when the remaining balance of the loan - whether through market appreciation or principal pay down - falls below the 80% level. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress requiring lenders to remove the PMI installments when the loan-to-value ratio conditions have been met.

If you'd like to do away with PMI, Anderson & Associates will provide you with a statement regarding the value of your home. The cost of the home valuation can usually be regained in a short amount of 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 traumatic ordeal for both parties, and it is often even more complicated by the burdensome decision of who gets the property. It's a good idea to order an appraisal from Anderson & Associates so both parties are completely aware of the true market value of their house, regardless of the circumstances.

The parties will have a better 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 gotten a fair evaluation.

Determine a fair and accurate valuation for estate liquidation

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 Fair Market Value for the residential property involved. We guarantee the highest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).

Unlike many wealthy individuals, most Americans do not have dedicated estate planners or executors to take care of these affairs. And seeing that a home or other property often makes up a disproportionate share of the total estate value, knowing the true worth of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've gotten an honest deal.

Move to or from Clark County for work

Employee relocation is a stressful event, and we understand. We take great care in setting up a convenient appointment time for the appraisal inspection. During our intensive inspection, we recommend relocating employees to provide input on the positive features of their property, as well as information about any current sales or listings in their neighborhood that they want considered.

Sell your home promptly — at an accurate price

Whether you choose to sell your home on your own or use the assistance of a real estate agent, a professional appraisal can help you make a better educated decision when determining your selling price. An appraiser has no vested interest in what price the house sells for, apart from real estate agents. Our fees rest on our efforts to finish the appraisal report and and aren't related to the sales price.

On a daily basis, we examine the difference in value things like an extra bathroom or a kitchen remodel can make. Seeking a professional appraisal is a reliable way to decide 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 homes are one the market.

Let Anderson & Associates help you sell your home quickly at the right price