Reasons to hire an appraiser

To many, an appraisal is simply one more thing in the long list of items for a home sale or refinance. Most lenders still call for a local expert because the stakes are incredibly high, even though there are an increasing number of automated home valuation processes that may seem cheaper than an appraisal. You might believe that securing a mortgage is the only reason you should get an appraisal, but there are additional instances when the services of a certified, independent real estate professional might be beneficial.

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Appeal your tax assessment

If you are in an area where the value of property has declined, it's possible you're paying too much in property taxes. When building your case, an appraisal from us is your best evidence. We can assist you in appealing your tax assessment.

PMI removal to lower a mortgage payment

Private Mortgage Insurance, or PMI, is a supplemental insurance plan that nearly all lenders ask home buyers to purchase when the amount being loaned to the homebuyer is more than 80% of the actual value of the home. Since the additional payment is usually folded into the monthly mortgage payment, it is often forgotten. This is unfavorable 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 United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to eliminate the PMI installments when the loan-to-value ratio conditions have been met.

Anderson Appraisal, LLC will produce a statement regarding the value of your home, and the price you paid for the appraisal can usually be regained in just a few months because you'll no longer be paying the PMI.

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Get a fair valuation on a home for divorce settlements

A divorce is often complicated by the strenuous decision of who gets the home, and it can be an especially daunting experience for both parties. Regardless of the situation, it's a good idea to order an appraisal from Anderson Appraisal, LLC so both parties are fully aware of the true market value of their house.

The parties will have a good 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

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 residential property involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the fullest degree of discretion.

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

Relocate to or from Potter County for work

Employee relocation can be a stressful event, and we understand. We take great care in establishing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive characteristics of their property, along with information about any recent sales or listings in their neighborhood that they want considered during our intensive inspection.

Close on your home quickly — at an accurate price

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

On a daily basis, we examine the difference in value items like an additional bathroom or a kitchen remodel can make. 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.

Let Anderson Appraisal, LLC help you sell your home quickly at the right price