Reasons to get an appraisal from Wells & Associates Appraisal ServiceTo many, an appraisal just looks like one more thing on the settlement sheet for a mortgage or refinance. The majority of lenders still call in a local expert because the stakes are very high, even though there are a multiplying number of automated home valuation systems that may appear to be less expensive than an appraisal. Is securing a mortgage the only reason you should get an appraisal? Are there also instances when the services of a certified, independent real estate professional might be helpful? Absolutely. 
Contest your tax assessment in Harris CountyIt's likely you're paying too much in property taxes if you live in an area where property values have depreciated. Property taxes are determined by a past assessment of your home, so if values have declined in your area, you can challenge your assessment and save money. When building your case, an appraisal from us is your best evidence. We can assist you in appealing your tax assessment. Eliminating PMI for mortgage paymentsPrivate Mortgage Insurance, or PMI, is an additional insurance plan that most lenders ask buyers to purchase when the amount being loaned to the homebuyer is more than 80% of the actual value of the property. Most often, this added payment is lumped into the monthly mortgage payment and is quickly forgotten. PMI is no longer required when the remaining balance 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 dismiss the PMI payments when the loan-to-value ratio conditions have been met. Wells & Associates Appraisal Service can give you a statement regarding the value of your home, and the expense of the home valuation can often be offset in little time because you'll no longer be paying the PMI. Get your appraisal from Wells & Associates Appraisal Service Order todayGet a clear valuation on a home take make a divorce settlement less stressfulA divorce is a very daunting experience for the parties involved, and it is often more complicated by the burdensome decision of who keeps the property. So both parties are completely aware of the true market value of their house, it's a good idea to get an appraisal from Wells & Associates Appraisal Service, regardless of the circumstances. The parties will have a clearer picture of what price to set, if they need 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. Determine an accurate and fair valuation for estate liquidationLosing 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, ensuring the utmost degree of discretion. Most Americans don't have dedicated estate planners or executors to handle these affairs, unlike wealthier individuals. A home or other property often makes up an uneven share of the total estate value, so knowing the true worth of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've gotten a fair deal. Move to or from Harris County for workEmployee relocation can be a stressful event, and we understand. That's why we take great care in establishing an accommodating appointment time for the appraisal inspection. During our thorough inspection, we recommend relocating employees to provide input on the positive aspects of their property, along with information regarding any new sales or listings in their neighborhood that they want considered. Close on your home promptly — for the right priceWhether you choose to sell your home on your own or with the help of a real estate agent, a professional appraisal can help you make a more informed decision regarding your selling price. Unlike a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees aren't a percentage of the sales price, but rather they are based on our efforts to finish the appraisal report. On a daily basis, we analyze the difference in value things like an additional bathroom or a kitchen remodel can make. Seeking a professional appraisal is a trusted way to decide 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, because we're experts in knowing how long homes stay on the market. 
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