Austin Area Appraisal Services
- Mortgage Financing
- Removing Private Mortgage Insurance (PMI)
- Legal Purposes
- Listing Appraisal
- Pre Purchase
- Appraisal Review
- Investment Properties
- Foreclosures
- Tax Disputes & Appeals
Mortgage Financing- FHA, VA, Conventional Loans
- Purchase
- Refinance
- Cash Out Refinancing
- Home Equity and Lines of Credit
- Home Improvement
Removing Private Mortgage Insurance
Private Mortgage Insurance, or PMI, is typically required whenever a home is purchased with less than 20% equity either already in the home or placed as a down payment. Once the equity level in you home reaches this 20 percent mark you have the right to have the Private Mortgage Insurance eliminated, saving you money on monthly payments. This process requires that an appraisal be performed to conclude that the amount owed on the property is less than 80% of the property's value. Considering the average amount of PMI paid monthly on a 30-year, $200,000 loan is around $78 a month, an appraisal would pay for itself in just a few short months.
Legal Purposes
- Estate Planning
- Divorce
- Probate
When the value of real estate is in question for legal purposes it is important to have an objective third-party involved. We have worked with numerous law firms across the country and understand the sensitivity involved in Estate Planning, Probate and Divorce cases.
Listing Appraisal
An objective opinion on what your home is worth in today's market is an invaluable tool in helping you properly list your home for sale. Appraisers know exactly what items and features of a property affect market value and can provide an appraisal that accurately takes these items into account. Moreover, a listing appraisal can ensure that you home is not listed below its true value.
Pre Purchase
Buyers can use an objective opinion of value to also help in negotiations with a seller. If a buyer is uncertain whether a property is actually worth the asking price then an appraiser is the solution. If you decide to purchase the property, the appraisal can be quickly updated and used for your mortgage financing.
Appraisal Review
- Desk Reviews
- Field Reviews
Our appraisers perform appraisal review assignments for numerous lenders and organizations who are seeking the opinion of seasoned and experienced real estate professionals.
Investment Properties
1st Source Appraisals knows the value in purchasing real estate for an investment. Whether you are a first time investor, a property manager or just looking to buy a fixer-upper, we can help. Our typical investment appraisals can give a market value for the property considering current OR future value as well as determing income earning potential of a property.
Foreclosures
It is no secret that with the deflation of the housing bubble has come a wave of foreclosure and HUD homes for sale. If you are looking to purchase such a property then you need to pick your appraiser carefully. We provide foreclosure appraisals in the Austin and Central Texas area with special attention to details that make these transactions go much smoother with your lender.
Tax Disputes & Appeals
Each year thousands of homeowners receive higher and higher tax bills, sometimes unecessarily. We can provide you with a professional appraisal for your personal use in disputing your County Tax District.
