Attention homeowners in DFW and surrounding counties: Need an appraisal?
The top seven reasons TX homeowners need an appraisal:
Own a house in or near Aledo, TX and need help determining the price of it?
We at Kenneth J. Phillips understand the unique needs of a consumer after appraisal services. While our usual business clients understand the appraisal process and standard reporting formats, you as a consumer will get extra customer service in the form of an explanation of the process and even special consumer-friendly reporting forms if the assignment allows for them.
For Sale By Owner/Pre-Listing Services
Since you have an emotional attachment to your house, it's often very hard to be objective about it. The professional appraisers at Kenneth J. Phillips will tell you what you need to know -- not just what you want to hear. We are objective. In addition to helping you set a realistic price to sell at so your property will attract buyers, a professional appraisal is a crucial negotiating tool once you have an attainable buyer. The appraisal is something concrete to show the buyer. The appraisal is an independent third party's opinion of your property's value, not just you saying how much your house is worth. Interested buyers assume that you have an emotional attachment to your house and will be far more likely to give credibility to a qualified appraiser's value report than yours.
Appraisals to cancel PMI
PMI stands for Private Mortgage Insurance. An attractive way to cut expenses for homeowners is getting the PMI removed from their mortgage loan, thus saving them money on their monthly payments. Your monthly payments will go down once your mortgage loan amount is below 80% of the value of your property. In most cases you can apply to the lender to have the PMI eliminated from your loan. Kenneth J. Phillips is qualified in helping folks just like you do away with undesirable PMI insurance.
Your local tax assessor may have your house overvalued if you live in an area that's going down. This only means you're paying higher taxes than you should be paying. Since your property assessment may likely go up again in the next period, the faster you take care of things like this, the better off you'll be. Getting an appraisal report from Kenneth J. Phillips is your best weapon when contesting your property tax assessment.
HELOC recently frozen?
Your lender might just make the decision to automatically freeze your home equity line of credit (HELOC) if your home is in a declining area -- even if your specific property has not declined in value. This can be be bad for your credit score since it may appear as though that credit line is maxed out, and also disadvantageous from a cash flow angle. Kenneth J. Phillips can help you reinstate your home equity line of credit with an expert appraisal.
We Also Offer Field and Desktop Appraisal Review Services
Have you just been handed a copy of your appraisal and you'd like to have an expert double-check it for accuracy or do you want a second opinion without the expense and delay of waiting for a whole new appraisal? Kenneth J. Phillips offers field reviews where we'll go out and check the subject and comps. Or, if you're in a hurry, we can provide desk review and verify as many facts as we can using online data sources as well as our own files.
Need a retrospective review of an appraisal report? We can help with that too. Even though this is usually requested by banks, you may need to employ this service if you suspect mortgage fraud related to your property.