Reasons to get an appraisal from Anderson Appraisal, LLC

To a lot of us, an appraisal just looks like a line item in the long list of items for a home purchase or refinance. Almost 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 may seem more economical than an appraisal. You might assume that obtaining a mortgage is the only basis for getting an appraisal, but there are more instances when the services of a licensed, independent real estate professional could be beneficial.

Let Anderson Appraisal, LLC assist you in lowering your mortgage payment

Challenge your tax assessment

If you reside 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. At Anderson Appraisal, LLC, we're equipped to assist you in challenging your tax assessment.

Remove PMI to lower your mortgage payment

Private Mortgage Insurance, or PMI, is a supplemental insurance policy that nearly all lenders ask homebuyers to buy when the amount being loaned to the home owner is more than 80% of the actual value of the real estate. This extra payment is often lumped into the monthly mortgage payment and is soon forgotten. This is unfortunate because PMI becomes unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - dips below the 80% mark. 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.

If you'd like to do away with PMI, Anderson Appraisal, LLC can produce a statement regarding the value of your home. The price you paid for the home valuation can generally be regained in little time because you'll no longer be paying the PMI.

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Divorce settlement with less stress

A divorce can be an especially traumatic experience for both parties, and it is often even more complicated by the challenging decision of who keeps the property. Regardless of the circumstances, it's a good idea to get an appraisal from Anderson Appraisal, LLC so both parties are entirely aware of the true market value of their home.

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

Accurate and fair estate liquidation

Losing a loved one is a hard time in life, and settling an estate from a death, or probate, often requires 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 manage these matters, unlike many wealthy individuals. And seeing that a home or other property often makes up an unequal share of the total estate value, knowing the true worth of the real estate at hand is of significant importance to ensuring disputing parties leave knowing they've gotten a fair deal.

Move to or from Potter County for work

We are aware of the stress associated with an employee relocation. That's why we take great care in organizing a convenient appointment time for the appraisal inspection. During our detailed inspection, we suggest relocating employees to provide input on the positive characteristics of their property, as well as information about any recent sales or listings in their area that they want considered.

Sell your home quickly — at the right price

Whether you decide to sell your home on your own or with the help of a real estate agent, a professional appraisal will help you make a more informed decision when determining your asking price. An appraiser has no vested interest in what price the house sells for, unlike real estate agents. Our fees are calculated on our efforts to complete the appraisal report and not a percentage of the sales price.

We analyze the difference in value items like an extra bathroom or a kitchen remodel can make on a daily basis. Seeking a professional appraisal is a trusted way to determine 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 properties stay on the market.

Let Anderson Appraisal, LLC assist you in selling your home quickly at the right price