Reasons to hire an appraiser

To many, an appraisal just looks like one more thing on the settlement sheet for a home sale or refinance. The majority of lenders still call for a local expert because the stakes are incredibly high, even though there are an increasing number of automated home valuation systems that may appear to be less expensive than an appraisal. But is securing a mortgage the only basis for getting an appraisal? Are there additional cases when the services of a licensed, independent real estate professional might be helpful? Absolutely.

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Challenge your tax assessment in Scurry County

If you live in an area where the value of property has declined, it's possible you're paying too much in property taxes. An appraisal from Texas Real Estate Office is your best evidence when building your case. We're capable of assisting you in disputing your tax assessment.

Let Texas Real Estate Office assist you in lowering your mortgage payment

When the amount being loaned to the home buyer is more than 80% of the actual value of the home, nearly all lenders ask homebuyers to take out an additional insurance policy. That policy is Private Mortgage Insurance, or PMI. Very often, this added payment is lumped into the monthly mortgage payment and is promptly forgotten. PMI isn't required when the leftover balance of the loan - whether through market appreciation or principal pay down - dips below the 80% level, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress that requires lenders to eliminate the PMI installments on most mortgages when the balance is paid down to 78% of the original value.

If you'd like to do away with PMI, Texas Real Estate Office can produce a statement regarding the value of your home. The price you paid for the home valuation can usually be recovered in just a few months because you'll no longer be paying the PMI.

Settling a divorce with less stress

A divorce is often complicated by the troublesome decision of who maintains the property, and it can be a very traumatic ordeal for both parties. It's a good idea to order an appraisal from Texas Real Estate Office so both parties are entirely aware of the true market value of their home, regardless of the circumstances.

If the parties want to sell the home, they'll have a better idea of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation.

Fair and accurate estate liquidation

The loss of a loved one is a hard time in life, and settling an estate from a death, or probate, often entails an appraisal to establish 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 fullest degree of discretion.

Unlike many wealthy individuals, most Americans do not have dedicated estate planners or executors to manage these affairs. A home or other property often makes up a disproportionate share of the total estate value, so knowing the true value of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've gotten a fair deal.

Texas Real Estate Office can help you with relocating to or from Scurry County

We know the stress associated with an employee relocation. That being said, we take great care in organizing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive attributes of their property, as well as information regarding any current sales or listings in their area that they want considered during our detailed process.

Selling your home quickly at the right price

Whether you choose to sell your home on your own or with the help of a real estate agent, a professional appraisal can help you make a better educated decision regarding your selling price. With much different interests than a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees are derived from our efforts to complete the appraisal report and not a percentage of the sales price.

We determine the difference in value items like an extra bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long homes are on the market. So, obtaining 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 for an extended amount of time.