Reasons someone would need Professional Appraisal Associates

To many, an appraisal just looks like a line item on the settlement sheet for a home sale or refinance. Practically all lenders still want a local expert because the stakes are incredibly high, even though there are an increasing number of automated home valuation methods that may appear to be more practical than an appraisal. You might believe that getting a mortgage is the only reason to get an appraisal, but there are other instances when the services of a certified, independent real estate professional could be helpful.


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Let Professional Appraisal Associates help you dispute your tax assessment in Bowie County

It's probable you're paying too much in property taxes if you live in an area where property values have declined. Property taxes are determined by a past assessment of your house, so if prices have gone down in your area, you can challenge your assessment and save money. An appraisal from Professional Appraisal Associates is your best evidence when building your case. At Professional Appraisal Associates, we're capable of assisting you in disputing your tax assessment.

Professional Appraisal Associates can help you do away with PMI to lower your mortgage payment

Private Mortgage Insurance, or PMI, is a supplemental insurance plan that almost all lenders ask homebuyers to purchase when the amount being loaned to the homeowner is more than 80% of the actual value of the real estate. Very often, this extra payment is lumped into the monthly mortgage payment and is quickly forgotten. PMI becomes unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - dips below the 80% level, making this very unfortunate. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to dismiss the PMI installments when the loan-to-value ratio conditions have been met.

Professional Appraisal Associates can produce a statement regarding the value of your home, and the expense of the appraisal can usually be regained in little time because you'll no longer be paying the PMI.

Settling a divorce with less stress

A divorce is often complicated by the burdensome decision of who maintains the home, and it can be an especially heartbreaking event for both parties. Regardless of the situation, it's prudent to get an appraisal from Professional Appraisal Associates so both parties are entirely aware of the true market value of their property.

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

Accurate and fair 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 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 utmost degree of discretion.

Unlike wealthier individuals, most Americans do not have dedicated estate planners or executors to manage these affairs. And seeing that a home or other property often makes up an uneven share of the total estate value, knowing the precise value of the real estate at hand is of significant importance to ensuring disputing parties leave knowing they've gotten a fair deal.

Professional Appraisal Associates can help you with relocating to or from Bowie County

We are aware of the stress involved with an employee relocation. That's why we take great care in organizing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive features of their property, along with information regarding any recent sales or listings in their area that they want considered during our detailed process.

Selling your home quickly at the right price with an appraisal from Professional Appraisal Associates

A professional appraisal can help you make a more informed decision regarding your asking price, whether you want 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, unlike real estate agents. Our fees aren't contingent upon the value we come up with, but rather they are based on our efforts to complete the appraisal.

We examine the difference in value items like an additional bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long houses stay on the market. So, obtaining a professional appraisal is a reliable way to decide 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.