Let Laredo Appraisal Group, LLC. take care of your appraisal needs
Thousands of people in Texas purchase, sell or refinance their home each year. A lot of these transactions include a simple line item for an appraisal. While there are a growing number of automated home valuation methods that may seem more cost-effective than an appraisal, practically all lenders still want a local expert because the stakes are very high. You might believe that securing a mortgage is the only basis for getting an appraisal, but there are other situations when the services of a certified, independent real estate professional might be beneficial.
Contest your tax assessment in Webb County
If you are in an area where the value of property has depreciated, it's possible you're paying too much in property taxes. An appraisal from Laredo Appraisal Group, LLC. is your best evidence when building your case. We're equipped to assist you in challenging your tax assessment.
PMI removal to reduce a mortgage payment
When the amount being loaned to the home buyeris more than 80% of the actual value of the home, nearly all lenders ask buyers to purchase this added insurance plan. That policy is Private Mortgage Insurance, or PMI. Seeing that extra payment is usually lumped into the monthly mortgage payment, it is often forgotten. PMI is no longer required when the remainder of the loan - whether through market appreciation or principal pay down - dips below the 80% level, making this very unfavorable. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to do away with the PMI installments when the loan-to-value ratio conditions have been met.
Laredo Appraisal Group, LLC. can produce a statement regarding the value of your home, and the cost of the home valuation can often be offset in a short amount of time because you'll no longer be paying the PMI.
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Divorce settlement with less stress
A divorce is often complicated by the troublesome decision of who maintains the house, and it can be a very traumatic experience for both parties. So both parties are completely aware of the true market value of their house, it's a good idea to get an appraisal from Laredo Appraisal Group, LLC., regardless of the circumstances.
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 gotten a fair assessment.
Fair and accurate 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.
Unlike many wealthy individuals, most Americans do not have dedicated estate planners or executors to take care of these affairs. 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 essential importance to ensuring disputing parties walk away knowing they've received a fair deal.
Relocate to or from Webb County for work
Employee relocation is a stressful event, and we understand. We take great care in establishing an accommodating appointment time for the appraisal inspection. During our thorough inspection, we suggest relocating employees to provide remarks on the positive aspects of their property, along with information about any recent sales or listings in their neighborhood that they want considered.
Sell your home promptly — for the right price
A professional appraisal will help you make a better educated 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. Unlike a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees depend on our efforts to finish the appraisal report and not a percentage of the sales price.
We analyze the difference in value items like an extra 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 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.