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Reasons to order an appraisal

Each year, thousands of people in Texas buy, sell or refinance their home. A lot of these transactions have a simple line item for an appraisal. And even though there are a budding number of automated home valuation methods that might seem more practical than an appraisal, most lenders still need a local expert because the stakes are very high. You might think that obtaining a mortgage is the only reason to get an appraisal, but there are other times when the services of a certified, independent real estate professional might come in handy.

Let Elite Appraisal Services help you lower your mortgage payment

Appeal your tax assessment in Brazoria County

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

Get rid of PMI to lower your mortgage payment

When the amount being loaned to the buyeris more than 80% of the actual value of the property, nearly all lenders ask home buyers to purchase this extra insurance policy. That policy is Private Mortgage Insurance, or PMI. This added payment is often lumped into the monthly mortgage payment and is promptly forgotten. This is damaging because PMI is no longer required when the remaining balance of the loan - whether through market appreciation or principal pay down - dips below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress that requires lenders to remove the PMI payments when the loan-to-value ratio conditions have been met.

Elite Appraisal Services will give you a statement regarding the value of your home, and the price you paid for the appraisal can generally be offset in just a few months because you'll no longer be paying the PMI.

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Settle a divorce with fewer hang-ups

A divorce is a particularly horrible event for the parties involved, and it is often further complicated by the burdensome decision of who keeps the house. Regardless of the circumstances, it's a good idea to order an appraisal from Elite Appraisal Services so both parties are entirely aware of the true market value of their home.

If the parties want 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 gotten a fair assessment.

Accurate and fair estate liquidation

The death of a loved one is a hard time in life, and settling an estate from a death, or probate, often calls for 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 highest degree of discretion.

Most Americans don't have dedicated estate planners or executors to take care of these affairs, unlike wealthy individuals. And seeing that a home or other property often makes up an uneven share of the total estate value, knowing the true value of the real estate at hand is of significant importance to ensuring disputing parties leave knowing they've gotten a fair deal.

Move to or from Brazoria County for work

Employee relocation can be a stressful event, and we understand. That's why we take great care in organizing a convenient appointment time for the appraisal inspection. During our thorough inspection, we encourage relocating employees to provide remarks on the positive aspects of their property, as well as information regarding any new sales or listings in their area that they want considered.

Close on your home promptly — for an accurate 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 price the house sells for, unlike real estate agents. Our fees aren't a percentage of the sales price, but rather they depend on our efforts to finish the appraisal report.

We analyze 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 housesstay on the market. So, obtaining a professional appraisal is a reliable way to decide what improvements will add value and what a suitable 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 Elite Appraisal Services assist you in selling your home quickly at the right price