6 Reasons to choose an appraisal from Anderson & Associates
To a lot of people, an appraisal just looks like another fee on the settlement sheet for a home purchase or refinance. Nearly all lenders still need a local expert because the stakes are incredibly high, even though there are a growing number of automated home valuation systems that might appear to be less expensive than an appraisal. You might assume that getting a mortgage is the only basis for getting an appraisal, but there are other situations when the services of a certified, independent real estate professional could be beneficial.
Dispute your tax assessment
It's likely you're paying too much in property taxes if you live in an area where property values have depreciated. Property taxes are based upon a previous assessment of your house, so if values have declined in your area, you can challenge your assessment and save money. An appraisal from Anderson & Associates is your best evidence when building your case. We can assist you in challenging your tax assessment.
Eliminating PMI for mortgage payments
Private Mortgage Insurance, or PMI, is a supplemental insurance policy that most lenders ask home owners to purchase when the amount being loaned to the home owner is more than 80% of the actual value of the home. Oftentimes, this extra payment is lumped into the monthly mortgage payment and is quickly forgotten. This is damaging because PMI isn't required when the remaining balance of the loan - whether through market appreciation or principal pay down - dips below the 80% level. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress that requires lenders to dismiss 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 expense of the home valuation can often be offset in little time because you'll no longer be paying the PMI.
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Get a clear valuation on a home for divorce settlements
A divorce is a very traumatic experience for the parties involved, and it is often more complicated by the strenuous decision of who maintains the property. So both parties are fully aware of the true market value of their home, it's a good idea to get an appraisal from Anderson & Associates, regardless of the circumstances.
If the parties wish to sell the home, they'll have a a good idea of what price to set. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.
Determine a fair and accurate valuation for estate liquidation
Losing a loved one is a difficult time in life, and settling an estate from a death, or probate, often entails 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).
Most Americans don't have dedicated estate planners or executors to handle these affairs, unlike wealthier individuals. A home or other property often makes up an unequal share of the total estate value, so understanding the true value of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've gotten a fair deal.
Relocate to or from Clark County for work
Employee relocation can be a stressful event, and we understand. That's why we take great care in organizing 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 new sales or listings in their area that they want considered during our thorough inspection.
Close on your home quickly — at the right price
A professional appraisal will help you make a better educated decision regarding your asking price, whether you choose to sell your home on your own or with the help of a real estate agent. An appraiser has no vested interest in what price the house sells for, unlike real estate agents. Our fees aren't related to the sales price, but rather they are based on our efforts to complete the appraisal report.
We examine the difference in value things like an extra bathroom or a kitchen remodel can make on a daily basis. 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 an unnecessarily long time, because we're experts in knowing how long houses stay on the market.