Why you should order an appraisal
Each year, thousands of people in Texas purchase, sell or refinance their home. A lot of these transactions consist of a simple line item for an appraisal. And while there are a budding number of automated home valuation systems that may seem more practical than an appraisal, nearly all lenders still call for a local expert because the stakes are incredibly high. But is securing a mortgage the only reason to acquire an appraisal? Are there other cases when the services of a certified, independent real estate professional might be beneficial? You bet there are.
If you're planning on any transaction where the value of your real estate is a factor, contact Asset Appraisal Service. Just click here.
Dispute your tax assessment in Denton County
It's likely you're paying too much in property taxes if you reside in an area where property values have declined. Ad Valorem taxes are based upon a past assessment of your house, so if prices have gone down in your area, you can challenge your assessment and save money. When building your case, an appraisal from Asset Appraisal Service is your best evidence. We're equipped to assist you in disputing your tax assessment.
How can you eliminate PMI to lower your mortgage payment?
When the amount being loaned to the home owner is more than 80% of the actual value of the real estate, nearly all lenders ask homebuyers to buy an extra insurance plan. That policy is Private Mortgage Insurance, or PMI. Oftentimes, this additional payment is folded into the monthly mortgage payment and is promptly forgotten. This is bad because PMI is unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress that requires lenders to dismiss the PMI installments when the balance is paid down to 78% of the original value.
If you'd like to do away with PMI, Asset Appraisal Service will give you a statement regarding the value of your home. The expense of the appraisal can usually be recovered in a short amount of time because you'll no longer be paying the PMI.
Divorce settlement with less stress
A divorce is a particularly daunting ordeal for the parties involved, and it is often even more complicated by the troublesome decision of who gets the home. Regardless of the situation, it's a good idea to order an appraisal from Asset Appraisal Service so both parties are entirely aware of the true market value of their property.
If the parties wish to sell the home, they'll have a better 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.
Settling an estate with peace of mind
The death of a loved one is a painful time in life, and settling an estate from a death, or probate, often entails 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 fullest degree of discretion.
Unlike wealthy individuals, most Americans do not have dedicated estate planners or executors to handle these issues. 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 significant importance to ensuring disputing parties leave knowing they've received an honest deal.
Let Asset Appraisal Service assist you in relocating to or from Denton County
Employee relocation is a stressful event, and we understand. 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 attributes of their property, as well as information about any recent sales or listings in their neighborhood that they want considered during our intensive process.
Selling your home quickly at the right price with an appraisal from Asset Appraisal Service
A professional appraisal will help you make a more informed decision when determining 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 amount the house sells for, unlike real estate agents. Our fees depend on our efforts to perform 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 additional bathroom or a kitchen remodel can make. And we're experts in knowing how long properties are on the market. So, getting a professional appraisal is a trusted 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 for an extended amount of time.
Each year, thousands of people in Texas purchase, sell or refinance their home. A lot of these transactions consist of a simple line item for an appraisal. And while there are a budding number of automated home valuation systems that may seem more practical than an appraisal, nearly all lenders still call for a local expert because the stakes are incredibly high. But is securing a mortgage the only reason to acquire an appraisal? Are there other cases when the services of a certified, independent real estate professional might be beneficial? You bet there are.
If you're planning on any transaction where the value of your real estate is a factor, contact Asset Appraisal Service. Just click here.
Dispute your tax assessment in Denton County
It's likely you're paying too much in property taxes if you reside in an area where property values have declined. Ad Valorem taxes are based upon a past assessment of your house, so if prices have gone down in your area, you can challenge your assessment and save money. When building your case, an appraisal from Asset Appraisal Service is your best evidence. We're equipped to assist you in disputing your tax assessment.
How can you eliminate PMI to lower your mortgage payment?
When the amount being loaned to the home owner is more than 80% of the actual value of the real estate, nearly all lenders ask homebuyers to buy an extra insurance plan. That policy is Private Mortgage Insurance, or PMI. Oftentimes, this additional payment is folded into the monthly mortgage payment and is promptly forgotten. This is bad because PMI is unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress that requires lenders to dismiss the PMI installments when the balance is paid down to 78% of the original value.
If you'd like to do away with PMI, Asset Appraisal Service will give you a statement regarding the value of your home. The expense of the appraisal can usually be recovered in a short amount of time because you'll no longer be paying the PMI.
Divorce settlement with less stress
A divorce is a particularly daunting ordeal for the parties involved, and it is often even more complicated by the troublesome decision of who gets the home. Regardless of the situation, it's a good idea to order an appraisal from Asset Appraisal Service so both parties are entirely aware of the true market value of their property.
If the parties wish to sell the home, they'll have a better 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.
Settling an estate with peace of mind
The death of a loved one is a painful time in life, and settling an estate from a death, or probate, often entails 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 fullest degree of discretion.
Unlike wealthy individuals, most Americans do not have dedicated estate planners or executors to handle these issues. 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 significant importance to ensuring disputing parties leave knowing they've received an honest deal.
Let Asset Appraisal Service assist you in relocating to or from Denton County
Employee relocation is a stressful event, and we understand. 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 attributes of their property, as well as information about any recent sales or listings in their neighborhood that they want considered during our intensive process.
Selling your home quickly at the right price with an appraisal from Asset Appraisal Service
A professional appraisal will help you make a more informed decision when determining 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 amount the house sells for, unlike real estate agents. Our fees depend on our efforts to perform 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 additional bathroom or a kitchen remodel can make. And we're experts in knowing how long properties are on the market. So, getting a professional appraisal is a trusted 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 for an extended amount of time.