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Reasons to hire an appraiser

Year after year, thousands of people in Washington buy, sell or refinance their home. Many of these transactions consist of a simple line item for an appraisal. Even though there are a budding number of automated home valuation processes that may seem more economical than an appraisal, almost all lenders still call in a local expert because the stakes are incredibly high. You might think that getting a mortgage is the only reason you should get an appraisal, but there are other times when the services of a certified, independent real estate professional might be beneficial.

Let Anderson & Associates help you lower your mortgage payment

Challenge your tax assessment

If you reside in an area where the property value has depreciated, it's possible you're paying too much in property taxes. When building your case, an appraisal from us is your best evidence. We're capable of assisting you in appealing your tax assessment.

Getting rid of your PMI for mortgage payments

Private Mortgage Insurance, or PMI, is an additional insurance policy 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. Oftentimes, this additional payment is folded into the monthly mortgage payment and is promptly forgotten. PMI is no longer required when the leftover balance of the loan - whether through market appreciation or principal pay down - falls below the 80% mark, making this very unfortunate. In fact, the Homeowners Protection Act (HPA) of 1998 was invoked by the United States Congress requiring lenders to eliminate the PMI payments when the loan-to-value ratio conditions have been met.

Anderson & Associates will produce a statement regarding the value of your home, and the price you paid for the appraisal can usually be recovered in just a few months because you'll no longer be paying the PMI.

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Divorce settlement with fewer hang-ups

A divorce can be a very daunting event for both parties, and it is often even more complicated by the troublesome decision of who keeps the house. It's a good idea to get an appraisal from Anderson & Associates so both parties are entirely aware of the true market value of their property, regardless of the circumstances.

If the parties wish to sell the home, they'll have a better idea of what price to set. 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 liquidation

Losing a loved one is a hard time in life, and settling an estate from a death, or probate, often requires 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, ensuring the highest degree of discretion.

Unlike many wealthy individuals, most Americans don't have dedicated estate planners or executors to take care of these issues. And since a home or other property often makes up a disproportionate share of the total estate value, understanding the true value of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've gotten a fair deal.

Relocate to or from Clark County through an employee relocation program

Employee relocation can be a stressful event, and we understand. That being said, we take great care in establishing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive attributes of their property, as well as information regarding any current sales or listings in their area that they want considered during our thorough inspection.

Close on your home quickly — for the right price

A professional appraisal can help you make a better educated decision regarding your selling price, whether you want to sell your home on your own or with the help of a real estate agent. Unlike a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees aren't related to the sales price, but rather they are calculated on our efforts to finish the appraisal report.

We analyze the difference in value items like an additional bathroom or a kitchen remodel can make on a daily basis. Seeking a professional appraisal is a reliable way to determine 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, because we're experts in knowing how long homes are one the market.

Let Anderson & Associates assist you in selling your home quickly at the right price