LanCo Realty Services, LLC has provided affordable specialized valuation services throughout the State of Texas for commercial real estate properties for 28 years. Our primary service area is Texas, with an emphasis in the Houston, Dallas, Austin, San Antonio and the Valley areas. We earn trust and confidence from our clients through providing excellent services such as appraisal of commercial real estate properties, property tax reduction, client consultation, expert witness testimony and broker services.
Every year, most, if not all transactions, buying selling and refinancing, include a line item for an appraisal. This small line item is very important but that is not the only time you should get an appraisal. Property Tax Challenges, PMI Removal and Estate Planning, Liquidation or Divorce are all important reasons to get an appraisal. The loss of a loved one, for whatever reason, can be difficult. To make matters worse these events are often complicated by decisions regarding the disposition of an estate. This is where an appraiser comes into the picture. It is crucial that the estate is disposed of fairly and with a true understanding of its value. Then equitable arrangements can be easily arrived at by the disputing parties. When everyone walks away knowing they received a fair deal, no one is unsatisfied.
Likewise, an appraiser is necessary when challenging property taxes. Even though the tax assessor believes your property is worth a lot, that does not necessarily means that it is true. It is important that when challenging this assessment that you have the proper documentation to achieve your goals. It is not always economical to commission a full appraisal just to take a few hundred dollars off your tax bill. For this reason an appraiser can do a limited appraisal or neighborhood analysis for much less. These documents carry much more weight than anything the average person can pull from the internet.
The same situation goes for PMI removal. Private Mortgage Insurance can be very costly and completely unnecessary if the remaining balance of the loan dips below 80%. Many appraisers offer a specific service for homeowners that believe they have met 80% loan-to-value metric. For a small fee the appraiser can provide you with a statement regarding the home value. Some appraisers will even take things to the next level and help you file a challenge with your mortgage company. While you have to pay for these services, after a few months of not being required to pay the PMI, you will see your costs quickly recover.
There are many more reasons and uses for professional 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.