Why you should get an appraisal from LHC Appraisals
To a lot of people, an appraisal is simply one more thing in the long list of items for a home purchase or refinance. Even though there are a budding number of automated home valuation processes that may seem more prudent than an appraisal, almost all lenders still call in a local expert because the stakes are very high. You might think that securing a mortgage is the only reason you should get an appraisal, but there are more cases when the services of a licensed, independent real estate professional might be beneficial.
Contest your tax assessment
It's quite possible you're paying too much in property taxes if you live in an area where property values have declined. Property taxes are based upon a previous assessment of your house, so if prices are less than what they used to be in your area, you can appeal your assessment and save money. An appraisal from LHC Appraisals is your best evidence when building your case. At LHC Appraisals, we're equipped to assist you in appealing your tax assessment.
Getting rid of your PMI for mortgage payments
Private Mortgage Insurance, or PMI, is a supplemental insurance plan that almost all lenders ask home buyers to buy when the amount being loaned to the homeowner is more than 80% of the actual value of the home. Since the extra payment is usually bundled into the monthly mortgage payment, it is often forgotten. PMI is unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - dips below the 80% level, making this very unfavorable. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to eliminate the PMI installments when the loan-to-value ratio conditions have been met.
If you'd like to get rid of PMI, LHC Appraisals will provide you with a statement regarding the value of your home. The cost of the home valuation can often be recovered in little time because you'll no longer be paying the PMI.
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Settle a divorce with fewer hang-ups
A divorce is an especially traumatic event for the parties involved, and it is often more complicated by the hard decision of who keeps the home. So both parties are entirely aware of the true market value of their property, it's a good idea to get an appraisal from LHC Appraisals, regardless of the situation.
The parties will have a better 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 received a fair evaluation.
Accurate and fair estate liquidation
The loss 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 Fair 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 fullest degree of discretion.
Most Americans don't have dedicated estate planners or executors to handle these matters, unlike wealthier individuals. And since a home or other property often makes up an unequal share of the total estate value, understanding the true worth of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've received a fair deal.
Move to or from Denton County through an employee relocation program
Employee relocation is a stressful event, and we understand. That's why we take great care in establishing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive aspects of their property, along with information about any current sales or listings in their area that they want considered during our thorough inspection.
Sell your home quickly — at the right price
A professional appraisal will help you make a more informed decision when determining your selling price, whether you choose 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 aren't related to the sales price, but rather they are calculated on our efforts to complete the appraisal report.
We analyze the difference in value things like an extra bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long homesare on the market. So, getting a professional appraisal is a reliable way to decide 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 an unnecessarily long time.
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