North Texas Appraisal Group in Frisco are called upon for numerous reasons

Thousands of people in Texas buy, sell or refinance their home every year. Many of these transactions consist of a simple line item for an appraisal. Even though there are a multiplying number of automated home valuation methods that might seem cheaper than an appraisal, nearly all lenders still need a local expert because the stakes are incredibly high. But is obtaining a mortgage the only reason to get an appraisal? Are there more instances when the services of a certified, independent real estate professional could be beneficial? Absolutely.

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Challenge your tax assessment in Denton 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 North Texas Appraisal Group is your best evidence. At North Texas Appraisal Group, we're capable of assisting you in disputing your tax assessment.

Let North Texas Appraisal Group assist you in lowering your mortgage payment

When the amount being loaned to the homeowner is more than 80% of the actual value of the real estate, most lenders ask buyers to purchase an extra insurance plan. That policy is Private Mortgage Insurance, or PMI. Since the additional payment is usually bundled into the monthly mortgage payment, it is often forgotten. This is unfortunate because PMI is no longer required when the leftover balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress requiring lenders to eliminate the PMI payments when the balance is paid down to 78% of the original value.

If you'd like to eliminate PMI, North Texas Appraisal Group will provide you with a statement regarding the value of your home. The expense of the appraisal can often be offset in little time because you'll no longer be paying the PMI.

Divorce settlement with less stress

A divorce is an especially heartbreaking ordeal for the parties involved, and it is often more complicated by the strenuous decision of who gets the house. So both parties are entirely aware of the true market value of their property, it's a good idea to get an appraisal from North Texas Appraisal Group, regardless of the situation.

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 received a fair evaluation.

Trustworthy 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 Market Value for the residential property 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).

Most Americans don't have dedicated estate planners or executors to handle these issues, unlike many wealthy individuals. And seeing that a home or other property often makes up an uneven share of the total estate value, understanding the precise value of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've gotten a fair deal.

Relocating to or from Denton County?

Employee relocation is a real pain. We know where you're coming from! We take great care in setting up a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive characteristics of their property, along with information about any new sales or listings in their neighborhood that they want considered during our detailed process.

Selling your home quickly at the right price with an appraisal from North Texas Appraisal Group

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 better educated decision when determining your selling price. Separate from a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees are derived from our efforts to perform the appraisal report and and aren't related to the sales price.

On a daily basis, we analyze the difference in value things like an extra bathroom or a kitchen remodel can make. Obtaining 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 houses are one the market.