Reasons to order an appraisal from Larry Brightwell

Each year, thousands of people in Texas buy, sell or refinance their home. Many of these transactions have a simple line item for an appraisal. While there are a developing number of automated home valuation systems that may appear to be more prudent than an appraisal, the majority of lenders still want a local expert because the stakes are incredibly high. But is getting a mortgage the only reason you should get an appraisal? Are there other situations when the services of a licensed, independent real estate professional might be helpful? Absolutely.


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Challenge your tax assessment in Johnson County

If you live in an area where the value of property has declined, it's possible you're paying too much in property taxes. When building your case, an appraisal from Larry Brightwell is your best evidence. At Larry Brightwell, we're equipped to assist you in appealing your tax assessment.

Getting rid of your PMI will lower your mortgage payment

When the amount being loaned to the home buyer is more than 80% of the actual value of the property, most lenders ask homeowners to purchase an additional insurance plan. That policy is Private Mortgage Insurance, or PMI. This additional payment is often folded into the monthly mortgage payment and is soon forgotten. PMI is unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark, making this very unfavorable. In fact, the United States Congress invoked 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.

If you'd like to get rid of PMI, Larry Brightwell will produce a statement regarding the value of your home. The expense of the appraisal can usually be recovered in a short amount of time because you'll no longer be paying the PMI.

Settling a divorce with less stress with an appraisal from Larry Brightwell

A divorce is a very heartbreaking ordeal for the parties involved, and it is often more complicated by the strenuous decision of who gets the property. It's a good idea to get an appraisal from Larry Brightwell so both parties are completely aware of the true market value of their property, regardless of the situation.

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

Settling an estate with peace of mind

The death 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 Market Value for the residential property involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the highest degree of discretion.

Unlike wealthy individuals, most Americans do not have dedicated estate planners or executors to manage these matters. And since a home or other property often makes up an uneven share of the total estate value, understanding the certain value of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've gotten an honest deal.

Larry Brightwell can assist you in relocating to or from Johnson County

Moving due to a job change can be a real pain. We know where you're coming from! That being said, we take great care in establishing an accommodating appointment time for the appraisal inspection. During our thorough process, we suggest employees that are moving to provide feedback on the positive characteristics of their property, as well as information about any current sales or listings in their area that they want considered.

Selling your home quickly at the right price

Whether you decide 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. An appraiser has no vested interest in what price the house sells for, unlike real estate agents. Our fees aren't contingent upon the value opinion we render, but rather they rest on our efforts to complete the appraisal.

We examine the difference in value items like an additional bathroom or a kitchen remodel can make on a daily basis. Getting 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 - because we're experts in knowing how long properties stay on the market.