There are many reasons to get an appraisal beyond the everyday buying, selling and refinancing of your home or business. When you find yourself wanting to challenge property taxes, remove private mortgage insurance or make any pre-sale decisions, LanCo Realty Services should be your first call. We have been in business for almost 30 years and since 1986, we have provided specialized valuation services throughout the State of Texas. With our primary service area being Texas, we provide special emphasis in the Houston, Dallas, Austin, San Antonio and The Valley areas.
Property taxes tend to be high for various reasons, some being legitimate with others being mistakes. If you do not think the tax assessor is correct in their evaluation, LanCo Realty Services, LLC, can help. In fact, challenging tax assessments have not only become annual routines for LanCo Realty Services, LLC, but for thousands of other people across the country. While many of these people go into these challenges relatively unprepared, LanCo Realty Services, LLC can provide you with a limited appraisal, neighborhood appraisal, or if economically appropriate, even commission a full appraisal.
In addition, LanCo Realty Services, LLC, can help provide you with evidence you need to remove your Private Mortgage Insurance or PMI. When the remaining balance of the loan drops below 80% you are eligible to have your PMI removed. Many appraisers offer specific service for homeowners that believe they have met the 80% loan-to-value metric. For a nominal fee, the appraiser can provide you with a statement regarding the home value with some even going as far as to help you file a challenge with your mortgage company. The fees are often paid for in just a few months of not paying the PMI.
Another great example of when you could use an expert appraisal service is during estate planning, liquidation and divorce. It always seems that bad news is followed by more bad news. The loss of a loved one or a divorce can often be complicated by difficult decisions regarding the disposition of an estate. In many cases, a home or other real estate property makes up a disproportionate share of the total estate value. An expert appraiser can help determine the true value so that equitable arrangements can more easily be arrived at among disputing parties. This way, everyone walks away knowing they have received a fair deal.
There are many more reasons and uses for real estate appraisals that LanCo Realty Services, LLC’s highly trained individuals are more than happy to help you with. LanCo Realty Services, LLC also provides State Certified appraisers and contract with MAI, SRPA, SREA, as well as ASA designated appraisers. Call today to inquire about our services at 281-781-8287.