Let Laredo Appraisal Group, LLC. take care of your appraisal needs
Each year, thousands of people in Texas purchase, sell or refinance their home. A lot of these transactions include a simple line item for an appraisal. And even though there are an increasing number of automated home valuation methods that may appear to be cheaper than an appraisal, nearly all lenders still call for a local expert because the stakes are very high. Is getting a mortgage the only reason to acquire an appraisal? Are there additional situations when the services of a licensed, independent real estate professional could come in handy? You bet there are.
Contest your tax assessment
It's possible you're paying too much in property taxes if you reside in an area where property values have depreciated. Ad Valorem taxes are based upon a past assessment of your house, so if prices are less than what they used to be in your neighborhood, you can appeal your assessment and save money. When building your case, an appraisal from us is your best evidence. At Laredo Appraisal Group, LLC., we're qualified to assist you in disputing your tax assessment.
Removing PMI for mortgage payments
Private Mortgage Insurance, or PMI, is an added insurance policy that nearly all lenders ask home owners to buy when the amount being loaned to the homebuyer is more than 80% of the actual value of the real estate. Oftentimes, this additional payment is folded into the monthly mortgage payment and is quickly forgotten. PMI is no longer required when the leftover balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress that requires lenders to eliminate the PMI payments when the loan-to-value ratio conditions have been met.
If you'd like to get rid of PMI, Laredo Appraisal Group, LLC. will produce a statement regarding the value of your home. The cost of the appraisal can often be regained in little time because you'll no longer be paying the PMI.
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Settle a divorce with less stress
A divorce is an especially daunting event for the parties involved, and it is often more complicated by the strenuous decision of who gets the house. Regardless of the situation, it's a good idea to get an appraisal from Laredo Appraisal Group, LLC. so both parties are completely aware of the true market value of their house.
If the parties want to sell the home, they'll have a a good idea of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair assessment.
Fair and accurate estate liquidation
Losing a loved one is a difficult time in life, and settling an estate from a death, or probate, often requires 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 highest degree of discretion.
Most Americans don't have dedicated estate planners or executors to manage these matters, unlike many wealthy individuals. And since 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 vital importance to ensuring disputing parties walk away knowing they've received an honest deal.
Relocate to or from Webb County through an employee relocation program
Employee relocation is a stressful event, and we understand. We take great care in organizing a convenient appointment time for the appraisal inspection. During our thorough inspection, we recommend relocating employees to provide input on the positive aspects of their property, as well as information regarding any new sales or listings in their area that they want considered.
Sell your home quickly — at an accurate price
A professional appraisal will help you make a better educated decision regarding your selling price, whether you choose to sell your home on your own or with the help 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 a percentage of the sales price, but rather they are calculated on our efforts to finish the appraisal report.
On a daily basis, we analyze the difference in value items like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long homesstay on the market. So, obtaining a professional appraisal is a trusted 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.