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Why you should get an appraisal from Russell Appraisal Service

Thousands of people in Texas purchase, sell or refinance their home every month. A lot of these transactions have a simple line item for an appraisal. Most lenders still want a local expert because the stakes are so high, even though there are a budding number of automated home valuation processes that may appear cheaper than an appraisal. You might believe that securing a mortgage is the only reason to acquire an appraisal, but there are other cases when the services of a certified, independent real estate professional might be beneficial.

Let Russell Appraisal Service assist you in lowering your mortgage payment

Contest your tax assessment in Travis County

If you live in an area where the value of property has depreciated, it's possible you're paying too much in property taxes. An appraisal from Russell Appraisal Service is your best evidence when building your case. At Russell Appraisal Service, we're qualified to assist you in challenging your tax assessment.

Remove PMI to lower your mortgage payment

Private Mortgage Insurance, or PMI, is an extra insurance policy that most lenders ask home buyers to buy when the amount being loaned to the home owner is more than 80% of the actual value of the real estate. More often than not, this extra payment is bundled into the monthly mortgage payment and is quickly forgotten. This is bad because PMI is unnecessary when the leftover 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 that requires lenders to eliminate the PMI installments when the loan-to-value ratio conditions have been met.

If you'd like to eliminate PMI, Russell Appraisal Service will produce a statement regarding the value of your home. The cost of the appraisal can usually be recovered in little time because you'll no longer be paying the PMI.

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Divorce settlement with less stress

A divorce can be a very daunting experience for both parties, and it is often further complicated by the strenuous decision of who maintains the house. It's a good idea to order an appraisal from Russell Appraisal Service so both parties are entirely aware of the true market value of their house, regardless of the situation.

The parties will have a good idea of what price to set, if they need to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation.

Accurate and fair estate liquidation

The loss of 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 residential property involved. We guarantee the fullest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).

Unlike wealthier individuals, most Americans do not have dedicated estate planners or executors to handle these matters. A home or other property often makes up an unequal share of the total estate value, so knowing the true value of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've received an honest deal.

Move to or from Travis County through an employee relocation program

Employee relocation is a stressful event, and we understand. That being said, we take great care in organizing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive aspects of their property, along with information about any new sales or listings in their area that they want considered during our thorough inspection.

Close on your home quickly — for an accurate price

Whether you choose to sell your home on your own or use the assistance of a real estate agent, a professional appraisal will help you make a more informed decision when determining your selling price. Apart from a real estate agent, an appraiser has no vested interest in what amount 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.

On a daily basis, we examine the difference in value items like an additional bathroom or a kitchen remodel can make. And we're experts in knowing how long housesare on the market. So, seeking a professional appraisal is a reliable 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.

Let Russell Appraisal Service assist you in selling your home quickly at the right price