Reasons to order an appraisal

Thousands of people in Texas purchase, sell or refinance their home every year. Most of these transactions consist of a simple line item for an appraisal. And even though there are a developing number of automated home valuation processes that may seem more practical than an appraisal, almost all lenders still need a local expert because the stakes are so high. But is getting a mortgage the only reason to acquire an appraisal? Are there more times when the services of a certified, independent real estate professional could be helpful? You bet.


	If you're planning on any transaction where the value of your house is a factor, you should contact Shinpaugh Appraisal Company. Just click here.

Let Shinpaugh Appraisal Company help you challenge your tax assessment in Dallas County

If you live in an area where the value of property has depreciated, it's possible you're paying too much in property taxes. An appraisal from Shinpaugh Appraisal Company is your best evidence when building your case. We're equipped to assist you in appealing your tax assessment.

Shinpaugh Appraisal Company can help you do away with PMI to lower your mortgage payment

Private Mortgage Insurance, or PMI, is an extra insurance plan that almost all lenders ask home buyers to buy when the amount being loaned to the home buyer is more than 80% of the actual value of the home. Seeing that added payment is usually bundled into the monthly mortgage payment, it is often forgotten. PMI isn't necessary when the remainder of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark, making this very unfortunate. In fact, the Homeowners Protection Act (HPA) of 1998 was approved by the United States Congress that requires lenders to dismiss the PMI payments on most mortgages when the balance is paid down to 78% of the original value.

If you'd like to get rid of PMI, Shinpaugh Appraisal Company can provide you with a statement regarding the value of your home. The expense of the home valuation can generally be recovered 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 Shinpaugh Appraisal Company

A divorce is an especially traumatic experience for the parties involved, and it is often further complicated by the troublesome decision of who maintains the home. It's a good idea to get an appraisal from Shinpaugh Appraisal Company so both parties are fully aware of the true market value of their house, regardless of the situation.

If the parties want to sell the home, they'll have a better 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 gotten a fair assessment.

Settling an estate with peace of mind

Losing a loved one is a painful 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. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the highest degree of discretion.

Unlike many wealthy individuals, most Americans don't have dedicated estate planners or executors to manage these affairs. And since a home or other property often makes up an unequal share of the total estate value, knowing the precise value of the real estate at hand is of significant importance to ensuring disputing parties leave knowing they've gotten an honest deal.

Let Shinpaugh Appraisal Company assist you in relocating to or from Dallas County

We are familiar with the stress involved with an employee relocation. That being said, we take great care in setting up an accommodating appointment time for the appraisal inspection. During our intensive process, we encourage employees that are moving to provide input on the positive features of their property, as well as information regarding any current sales or listings in their neighborhood that they want considered.

Selling your home quickly at the right price with an appraisal from Shinpaugh Appraisal Company

Whether you decide 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 regarding your asking price. An appraiser has no vested interest in what price the house sells for, unlike real estate agents. Our fees depend on our efforts to perform the appraisal report and not a percentage of the sales price.

We examine the difference in value things like an additional bathroom or a kitchen remodel can make on a daily basis. Seeking 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 homes are one the market.