Reasons to hire an appraiser

Each year, thousands of people in New Mexico purchase, sell or refinance their home. A lot of these transactions involve a simple line item for an appraisal. Nearly all lenders still call in a local expert because the stakes are very high, even though there are a growing number of automated home valuation systems that might seem more prudent than an appraisal. You might assume that securing a mortgage is the only basis for getting an appraisal, but there are other cases when the services of a certified, independent real estate professional might be beneficial.


	When you're planning on any transaction where the value of your house is in question, just contact Dawna Owensby. Just click here

Appeal your tax assessment in Union County

It's possible you're paying too much in property taxes if you reside in an area where property values have declined. Property taxes are based upon a previous assessment of your house, so if prices have declined in your neighborhood, you can challenge your assessment and save money. An appraisal from Dawna Owensby is your best evidence when building your case. At Dawna Owensby,we can assist you in challenging your tax assessment.

Let Dawna Owensby help you eliminate PMI to lower your mortgage payment

Private Mortgage Insurance, or PMI, is an extra insurance policy that many lenders ask homeowners to purchase when the amount being loaned to the home owner is more than 80% of the actual value of the home. This added payment is often bundled into the monthly mortgage payment and is promptly forgotten. PMI becomes unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - dips below the 80% mark, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress requiring lenders to do away with the PMI installments on most mortgages when the balance is paid down to 78% of the original value.

Dawna Owensby can provide you with a statement regarding the value of your home, and the price you paid for the home valuation can generally be offset 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 Dawna Owensby

A divorce is often complicated by the strenuous decision of who keeps the home, and it can be an especially traumatic event for both parties. So both parties are fully aware of the true market value of their property, it's a good idea to order an appraisal from Dawna Owensby, regardless of the circumstances.

The parties will have a a good idea of what price to set, if they want to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've gotten a fair assessment.

Fair and accurate estate liquidation with Dawna OwensbySettling an estate

Losing a loved one is a difficult time in life, and settling an estate from a death, or probate, often requires 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, guaranteeing the highest degree of discretion.

Most Americans don't have dedicated estate planners or executors to handle these matters, unlike wealthier individuals. And since a home or other property often makes up a disproportionate share of the total estate value, understanding the absolute value of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've gotten a fair deal.

Relocating to or from Union County

Employee relocation is a real pain, and we understand. That being said, we take great care in organizing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive characteristics of their property, as well as information regarding any new sales or listings in their neighborhood that they want considered during our detailed process.

Let Dawna Owensby help you sell your home quickly at the right price

Whether you choose to sell your home on your own or with the help of a real estate agent, a professional appraisal will help you make a better educated decision regarding your selling price. Separate from a real estate agent, an appraiser has no vested interest in what amount the house sells for. The price we charge isn't related to the sales price, but rather they are calculated on our efforts to complete the appraisal.

On a daily basis, we determine the difference in value things like an additional bathroom or a kitchen remodel can make. Obtaining a professional appraisal is a trusted 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 properties stay on the market.