Reasons To Get An AppraisalEach year, thousands of people in Texas purchase, sell or refinance their home. A lot of these transactions involve a simple line item for an appraisal. While there are a growing number of automated home valuation systems that might seem more practical than an appraisal, nearly all lenders still want a local expert because the stakes are very high. You might think that getting a mortgage is the only reason you should get an appraisal, but there are additional times when the services of a certified, independent real estate professional might come in handy.
Challenge Your Tax AssessmentIt's probable you're paying too much in property taxes if you reside in an area where property values have declined. Property taxes are determined by a past assessment of your house, so if prices are less than what they used to be in your area, you can challenge your assessment and save money. An appraisal from James Make & Associates is your best evidence when building your case in Dallas county. At James Make & Associates,we can assist you in disputing your tax assessment.
Lower Your Mortgage PaymentPrivate Mortgage Insurance, or PMI, is an added insurance policy that almost all lenders ask homeowners to purchase when the amount being loaned to the home owner is more than 80% of the actual value of the property. Since the additional payment is usually lumped into the monthly mortgage payment, it is often forgotten. This is damaging because PMI isn't necessary when the remaining balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% level. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to remove the PMI payments when the loan-to-value ratio conditions have been met.
James Make & Associates can provide you with a statement regarding the value of your home, and the cost of the home valuation can generally be regained in just a few months because you'll no longer be paying the PMI.
Divorce Settlement With Less StressA divorce is often complicated by the difficult decision of who gets the house, and it can be a very traumatic ordeal for both parties. So both parties are completely aware of the true market value of their home, it's a good idea to get an appraisal from James Make & Associates, regardless of the circumstances.
The parties will have a good idea of what price to set, if they want to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair assessment.
Settling An Estate With James Make & AssociatesThe death of a loved one is a hard time in life, and settling an estate from a death, or probate, often requires an appraisal to establish Market Value for the real estate involved. We ensure the fullest 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 handle these affairs, unlike wealthy individuals. And since a home or other property often makes up an uneven share of the total estate value, knowing the absolute value of the real estate at hand is of significant importance to ensuring disputing parties leave knowing they've received a fair deal.
Relocating To Or From Dallas CountyEmployee relocation can be a stressful event, and we understand. That's why we take great care in organizing a convenient appointment time for the appraisal inspection. During our intensive process, we encourage relocating employees to provide input on the positive characteristics of their property, as well as information about any recent sales or listings in their neighborhood that they want considered.
Let Assured Appraisal Help You Sell Your Home Quickly At The Right PriceWhether you want to sell your home on your own or use the assistance of a real estate agent, a professional appraisal will help you make a more informed decision when determining your asking price. Unlike a real estate agent, an appraiser has no vested interest in what price the house sells for. 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 analyze the difference in value things like an additional bathroom or a kitchen remodel can make. And we're experts in knowing how long properties stay on the market. So, seeking 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 too long, costing you time and money.
Let Assured Appraisals, James Make & Associates assist you with a professional, prompt, accurate real estate appraisal. Contact us or order an appraisal online to get started today!