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There are lots of reasons the public calls on Temple Realty
To many, an appraisal is simply a line item on the break-sheet for a mortgage or refinance.
And even though there are an increasing number of automated home valuation systems that may seem more practical than an appraisal, practically all lenders still call for a local expert because the stakes are incredibly high.
But is obtaining a mortgage the only reason to get an appraisal? Are there also situations when the services of a certified, independent real estate professional might be helpful? You bet there are.
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Secure appraisal ordering is easy from Temple Realty. Just click here
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Challenge your tax assessment in Lubbock 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.
When building your case, an appraisal from Temple Realty is your best evidence.
At Temple Realty,we can assist you in challenging your tax assessment.
PMI removal will lower your mortgage payment
When the amount being loaned to the homebuyer is more than 80% of the actual value of the real estate, most lenders ask buyers to take out an extra insurance plan. That policy is Private Mortgage Insurance, or PMI.
This added payment is often lumped into the monthly mortgage payment and is soon forgotten.
This is damaging because PMI becomes unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% level.
In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to do away with the PMI payments when the loan-to-value ratio conditions have been met.
If you'd like to do away with PMI, Temple Realty will give you a statement regarding the value of your home. The expense of the appraisal can generally be regained in little time because you'll no longer be paying the PMI.
Divorce settlement with less stress
A divorce is an especially traumatic event for the parties involved, and it is often more complicated by the difficult decision of who maintains the property.
It's a good idea to get an appraisal from Temple Realty so both parties are entirely aware of the true market value of their property, regardless of the circumstances.
The parties will have a good idea of what price to set, if they want to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.
Accurate and fair estate liquidation
The loss of a loved one is a difficult time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Market Value for the real estate involved.
We ensure the utmost 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 take care of these affairs.
And since 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 vital importance to ensuring disputing parties leave knowing they've gotten a fair deal.
Temple Realty can help you with relocating to or from Lubbock County
We are familiar with the stress associated with an employee relocation.
That's why we take great care in organizing an accommodating appointment time for the appraisal inspection.
We encourage relocating employees to provide input on the positive characteristics of their property, as well as information regarding any current sales or listings in their neighborhood that they want considered during our thorough process.
Let Temple Realty assist you in selling your home quickly at the right price
A professional appraisal can help you make a better educated decision when determining your asking price, whether you decide 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, unlike real estate agents.
The price we charge isn't contingent upon the value we report, but rather they are calculated on our efforts to finish the appraisal.
On a daily basis, we examine the difference in value items like an extra bathroom or a kitchen remodel can make.
And we're experts in knowing how long homes stay on the market. So, obtaining a professional appraisal is a trusted 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 for an extended amount of time.
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