Houston Residential Appraisers
Residential Property Appraisals In Houston Texas
With over 15 years of experience appraising property around Houston, our expertise in residential real estate appraisals is hard to beat and our long list of previously satisfied references proves it. We provide certified appraisal reports to lenders, buyers, sellers, investors, business owners, and individuals to meet a variety of needs. Our residential valuations are often used for the:
Whether you are purchasing, refinancing or tapping into your home’s equity, our appraisal services can help you and your lender determine the market value of your home in a fast and efficient manner. We work with hundreds of lenders from across the country and all of our appraisers are licensed by the state of Texas as well as FHA certified by the Department of Housing and Urban Development (HUD).
Each year the county appraisal districts tend to raise the tax values on real estate higher and higher, leaving many people facing inflated tax bills. With our help, we can accurately place a value on your home that will not only assist with the current year’s taxes, but for all future years as well.
Many times when a home is financed with less than 20% equity, the lender will require a type of insurance known as Private Mortgage Insurance or PMI. Over time the value of your home may appreciate. Couple this appreciation with your monthly payments and your overall equity in the home may be at or above the required 20%. At this point canceling the PMI is just a matter of submitting an appraisal that reflects this. For instance, if your home is worth $200,000 and you only owe $160,000, you are now below the 80% threshold and most likely eligible to remove your PMI.
Unfortunate circumstances sometimes require that the value of a piece of real estate be decided for legal matters such as divorce, separation or estate planning. In these times you want an accurate appraisal that reflects the true current market value of the real estate.
Whether you are a homeowner attempting to sell your house by yourself, or you are a Realtor looking to have an expert opinion of a home’s value, at Choice Point we can provide you a solid appraisal on any residential property. Likewise, an objective opinion can be a valuable tool when negotiating with prospective buyers and sellers.
Whether you are looking to purchase a foreclosed property, renovating a classic Heights bungalow or just thinking of purchasing rental property our appraisal services can be highly instrumental in helping you decide the true value of your investment.
We can help immigrants and their sponsors prove asset value of real estate properties in order to meet DHS requirements for immigration.
Often times lenders will request that another appraiser review the work of his peers. We are pleased to be an objective party when called upon for such services.
The market value of real estate sometimes comes into question when insuring property. Once again we can provide a sound value for purposes of assessing a reasonable insured value.
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Common Home Appraisal Questions
An appraiser should determine the scope of work, follow through with an inspection, and provide an opinion of value to the client. Real property includes the physical land and appurtenances affixed to the land such as a underground pools, a built-in gazebo, boat docks, and outdoor kitchens. (MLS) Multiple listing service, local tax records, google maps, and other online data services help to support an appraiser during the appraisal process. This allows him to survey the exterior grounds and determine what is part of the gross living area. Once he has calculated the outside measurements, he will then come into the property to measure garage space and any second floor GLA. Open foyer areas to a second floor, as well as staircases that supply no storage underneath are examples of non-living areas that appraisers must take out of the total GLA.
An appraiser’s inspection of the house is solely for the basis of comparison of other properties, where an inspection is the basis for the absolute condition of all aspects of that particular property. The appraiser briefly walks through the house to get an idea of the general condition and room count.An appraisal is not a guarantee of condition. It is the appraiser’s job to ask certain questions regarding the condition that may affect the value. In certain cases, if you feel your home has external or internal damage that may be unapparent to the visible eye of an appraiser, you may be prompted to seek the advice of a real estate inspector. For instance, driveway issues may warrant the expertise of a concrete company in Houston to review the grade and condition of your drive and see if repairs are needed.
A general purpose form eliminates much of the bank related information, although necessary for government regulated lending practices, but can usually be inessential for a private and personal use. The most fundamental way to determine market value is to compare the subject property to recently sold homes in a given neighborhood. Our general purpose form reports are particularly well suited for helping a seller to price a home for sale, helping a buyer to decide how much to offer or pay for a home, for estate tax, gift tax, tax grievance, uncontested divorce & most any other potential use other than for obtaining a mortgage or in litigation where the report will be used in conjunction with expert testimony.
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#1 Independent Home Appraisers In Houston
We’ve Worked with Real Estate Professionals and Private Clients Throughout the Greater Houston Area Since 2005. Since Then We’ve Become One of the Highest Rated Independent Real Estate Appraisal Firms in Houston Based on Actual Customer Reviews.