Bumpus Real Estate Evaluation in Austin do appraisals for numerous reasons

To a lot of people, an appraisal just looks like another cost on the settlement sheet for a home sale or refinance. The majority of lenders still need a local expert because the stakes are very high, even though there are a developing number of automated home valuation methods that might appear more prudent than an appraisal. But is obtaining a mortgage the only reason to acquire an appraisal? Are there also times when the services of a licensed, independent real estate professional might be beneficial? Absolutely.


	For real estate appraisals in Austin and Williamson County, it's easiest when your order online from Bumpus Real Estate Evaluation, just click here.

Challenge your tax assessment in Williamson County

If you reside in an area where property values have depreciated, it's possible you're paying too much in property taxes. An appraisal from Bumpus Real Estate Evaluation is your best evidence when building your case. At Bumpus Real Estate Evaluation, we're capable of assisting you in appealing your tax assessment.

Let Bumpus Real Estate Evaluation assist you in lowering your mortgage payment

When the amount being loaned to the home owner is more than 80% of the actual value of the property, almost all lenders ask home owners to take out an supplemental insurance plan. That policy is Private Mortgage Insurance, or PMI. This extra payment is often bundled into the monthly mortgage payment and is promptly forgotten. PMI isn't necessary when the remainder of the loan - whether through market appreciation or principal pay down - falls below the 80% mark, making this very unfavorable. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to remove the PMI installments when the loan-to-value ratio conditions have been met.

Bumpus Real Estate Evaluation will produce a statement regarding the value of your home, and the expense of the appraisal can often be regained 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 Bumpus Real Estate Evaluation

A divorce is a very heartbreaking event for the parties involved, and it is often more complicated by the troublesome decision of who gets the property. It's a good idea to order an appraisal from Bumpus Real Estate Evaluation so both parties are completely aware of the true market value of their home, regardless of the circumstances.

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

Fair and accurate estate liquidation with Bumpus Real Estate EvaluationSettling an estate

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

Unlike wealthier individuals, most Americans don't have dedicated estate planners or executors to manage these issues. A home or other property often makes up a disproportionate share of the total estate value, so understanding the true value of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've received a fair deal.

Let Bumpus Real Estate Evaluation help you with relocating to or from Williamson County

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

Selling your home quickly at the right price with an appraisal from Bumpus Real Estate Evaluation

Whether 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 when determining your selling price. Unlike a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees depend on our efforts to perform the appraisal report and not a percentage of the sales price.

On a daily basis, we analyze the difference in value things like an additional bathroom or a kitchen remodel can make. Getting a professional appraisal is a reliable way to determine what improvements will add value and what an applicable 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.