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6 Reasons to order an appraisal from Anderson & Associates

To many, an appraisal is simply another cost in the long list of items for a home purchase or refinance. And while there are a growing 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 so high. Is securing a mortgage the only basis for getting an appraisal? Are there other instances when the services of a licensed, independent real estate professional could be helpful? Absolutely.

Let Anderson & Associates help you lower your mortgage payment

Contest your tax assessment in Clark County

If you reside in an area where property values have declined, it's possible you're paying too much in property taxes. An appraisal from Anderson & Associates is your best evidence when building your case. We can assist you in disputing your tax assessment.

Eliminating PMI for mortgage payments

When the amount being loaned to the homebuyeris more than 80% of the actual value of the home, many lenders ask home buyers to purchase this added insurance policy. That policy is Private Mortgage Insurance, or PMI. This extra payment is often bundled into the monthly mortgage payment and is soon forgotten. This is bad because PMI is unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - falls below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress requiring lenders to do away with the PMI payments when the loan-to-value ratio conditions have been met.

If you'd like to get rid of PMI, Anderson & Associates can provide you with a statement regarding the value of your home. The price you paid for the appraisal can generally be regained in just a few months because you'll no longer be paying the PMI.

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Get a fair valuation on a home take make a divorce settlement less stressful

A divorce can be a very horrible experience for both parties, and it is often even more complicated by the hard decision of who keeps the house. So both parties are fully aware of the true market value of their home, it's a good idea to order an appraisal from Anderson & Associates, regardless of the circumstances.

The parties will have a clearer picture of what price to set, if they want to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.

Fair and accurate estate liquidation

The death of a loved one is a painful 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. We ensure the maximum degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).

Unlike many wealthy individuals, most Americans do not have dedicated estate planners or executors to handle these issues. And since a home or other property often makes up an uneven share of the total estate value, knowing the true worth of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've received a fair deal.

Relocate to or from Clark County for work

Employee relocation can be a stressful event, and we understand. We take great care in setting up a convenient appointment time for the appraisal inspection. During our intensive inspection, we suggest relocating employees to provide feedback on the positive attributes of their property, along with information about any new sales or listings in their neighborhood that they want considered.

Close on your home quickly — for an accurate price

A professional appraisal can help you make a more informed decision when determining 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 depend on our efforts to finish the appraisal report and not a percentage of the sales price.

We examine the difference in value things like an additional bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long housesare on the market. So, getting a professional appraisal is a trusted way to decide 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.

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