Why you should get an appraisal from TX Realty AdvisorsThousands of people in Texas purchase, sell or refinance their home each year. A lot of these transactions involve a simple line item for an appraisal. Almost all lenders still call for a local expert because the stakes are so high, even though there are an increasing number of automated home valuation processes that may seem more cost-effective than an appraisal. Is securing a mortgage the only reason you should get an appraisal? Are there additional instances when the services of a licensed, independent real estate professional could be beneficial? You bet. 
Contest your tax assessmentIt's likely you're paying too much in property taxes if you reside in an area where property values have declined. Ad Valorem taxes are determined by a past assessment of your home, so if prices have gone down in your neighborhood, you can challenge your assessment and save money. When building your case, an appraisal from us is your best evidence. At TX Realty Advisors, we're equipped to assist you in appealing your tax assessment. PMI removal to lower a mortgage paymentWhen the amount being loaned to the home buyeris more than 80% of the actual value of the property, nearly all lenders ask home buyers to buy this added insurance policy. That policy is Private Mortgage Insurance, or PMI. Since the extra payment is usually lumped into the monthly mortgage payment, it is often forgotten. PMI becomes unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - goes below the 80% mark, making this very unfavorable. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to dismiss the PMI payments when the loan-to-value ratio conditions have been met. TX Realty Advisors can provide you with a statement regarding the value of your home, and the price you paid for the appraisal can generally be regained in little time because you'll no longer be paying the PMI. Get your appraisal from TX Realty Advisors Order onlineDivorce settlement with less stressA divorce can be a very traumatic experience for both parties, and it is often more complicated by the strenuous decision of who gets the home. Regardless of the situation, it's a good idea to get an appraisal from TX Realty Advisors so both parties are fully aware of the true market value of their house. The parties will have a a good idea of what price to set, if they wish to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation. Ascertain an accurate and fair valuation for estate liquidationThe 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 real estate involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the maximum degree of discretion. Unlike wealthier individuals, most Americans do not have dedicated estate planners or executors to take care of these issues. A home or other property often makes up an uneven share of the total estate value, so knowing the true value of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've received an honest deal. Move to or from Harris County through an employee relocation programEmployee relocation can be a stressful event, and we understand. We take great care in setting up a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive features of their property, as well as information regarding any current sales or listings in their area that they want considered during our detailed inspection. Sell your home quickly — at an accurate priceWhether 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 better educated decision when determining your selling price. An appraiser has no vested interest in what amount the house sells for, apart from real estate agents. Our fees depend on our efforts to complete the appraisal report and not a percentage of the sales price. On a daily basis, we determine the difference in value things like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long housesare on the market. So, obtaining 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 an unnecessarily long time. 
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