Ordering an appraisal from Patterson Appraisal Service

Thousands of people in Texas buy, sell or refinance their home each month. Many of these transactions involve a simple line item for an appraisal. While there are an increasing number of automated home valuation methods that might appear to be less expensive than an appraisal, the majority of lenders still call for a local expert because the stakes are incredibly high. But is getting a mortgage the only basis for getting an appraisal? Are there additional cases when the services of a licensed, independent real estate professional might be beneficial? Of course.


	If you're planning on any transaction where the value of your home is a factor, just contact Patterson Appraisal Service. Just click here.

Let Patterson Appraisal Service help you dispute your tax assessment in Victoria County

If you reside in an area where property values have depreciated, it's possible you're paying too much in property taxes. When building your case, an appraisal from Patterson Appraisal Service is your best evidence. At Patterson Appraisal Service,we can assist you in appealing your tax assessment.

Removing PMI will lower your mortgage payment

Private Mortgage Insurance, or PMI, is an added insurance plan that many lenders ask home buyers to purchase when the amount being loaned to the home owner is more than 80% of the actual value of the home. This additional payment is often folded into the monthly mortgage payment and is soon forgotten. PMI isn't necessary when the remainder of the loan - whether through market appreciation or principal pay down - goes below the 80% mark, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress that requires lenders to eliminate the PMI payments on most mortgages when the balance is paid down to 78% of the original value.

Patterson Appraisal Service will produce a statement regarding the value of your home, and the cost of the appraisal can generally be recovered in little time because you'll no longer be paying the PMI.

Divorce settlement with less stress

A divorce is a very heartbreaking ordeal for the parties involved, and it is often further complicated by the strenuous decision of who gets the house. It's a good idea to order an appraisal from Patterson Appraisal Service so both parties are completely aware of the true market value of their home, 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 on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.

Fair and accurate estate liquidation with Patterson Appraisal ServiceSettling an estate

Losing 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 residential property involved. We guarantee the fullest 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 don't have dedicated estate planners or executors to handle these issues. A home or other property often makes up an unequal share of the total estate value, so understanding the true value of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've received a fair deal.

Relocating to or from Victoria County?

We are familiar with the stress associated with an employee relocation. That being said, we take great care in setting up a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive aspects of their property, along with information regarding any recent sales or listings in their neighborhood that they want considered during our thorough process.

Sell your home quickly at the right price with an appraisal from Patterson Appraisal Service

A professional appraisal can help you make a more informed decision when determining your asking price, whether you want to sell your home on your own or use the assistance of a real estate agent. Separate from a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees aren't contingent upon the value opinion we render, but rather they depend on our efforts to complete the appraisal.

We analyze the difference in value things like an additional bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long properties are on the market. So, obtaining 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.