Attention homeowners in Midland and Midland County: Need an appraisal?

Here are the top 7 reasons why TX homeowners need Petritech Appraisals:

Get a pre-listing appraisal (whether you're using an agent or selling the home on your own)
Challenge a property tax assessment
To cut their mortgage payment by removing PMI
Reinstate your Home Equity Line of Credit (or HELOC)
To review a different appraiser's report for verification
In the case of a TX divorce, when real estate needs to be divided
Determine the true market value of property in question to settle an estate in Midland county or TX

Need help deciding the value of your house in or near Midland, TX?
Contact Petritech Appraisals.

At Petritech Appraisals, we understand the individual needs of a customer after appraisal services. The appraisal process and reporting formats are relatively routine to our business clients like lenders, attorneys, and accountants. But as a general consumer,you can expect extra guidance and explanations through the appraisal process to better understand what we do and how we report the results of our analysis.

Pre-listing Services/For Sale By Owner (FSBO)

Since you have an emotional attachment to your own home, it's often very hard to be objective about it. A professional appraiser is objective and will tell you what you need to know, not just what you want to hear. A professional appraisal is very valuable as a negotiating tool once you have a likely buyer, in addition to helping you set a realistic selling price so your property will attract buyers. The appraisal is something concrete to show your buyer. It's an independent third party's opinion of your house's price, and not just how much you think your home is worth. Interested buyers know you have an emotional attachment to your house and will be much more likely to give credibility to a seasoned appraiser's value report than yours.

PMI Removal Appraisals

Getting the PMI (Private Mortgage Insurance) removed from your mortgage loan is an attractive way to cut expenses for homeowners. Once your mortgage loan amount is below 80% of the value of your home, in most cases you can apply to a lender to have the PMI eliminated from your loan, which will make your monthly payments go down. Petritech Appraisals is veterans in helping folks just like you remove unneeded PMI insurance.

Challenging property tax assessments

If you live in an area that is declining or not appreciating as much as other homes nearby, your local tax assessor may have your home overvalued. This only means you are most likely paying higher taxes than you should be paying. The faster you take care of things like this, the better off you'll be, since your property assessment may likely go up again in the next period. When challenging your property tax assessment, getting a professional appraisal from Petritech Appraisals is your chief weapon.

Recently got a freeze your HELOC?

Even if your specific property has not declined in value, your lender may just decide to automatically freeze your home equity line of credit (HELOC) if your property is in a declining area. This can be be detrimental to your credit score since it may appear as though that credit line is maxed out, and also difficult and inconvenient from a cash flow standpoint. Petritech Appraisals can help you reinstate your HELOC.

We Offer Field and Desktop Appraisal Review Services

Have you just been given a copy of your appraisal and you would prefer to have a professional double-check it for verity or do you need a second opinion without the cost and delay of waiting for a whole new appraisal? Petritech Appraisals offers field reviews where we go out and check the subject and comparables. If you're in a rush, we'll provide desk review and verify as many facts as we can using online data sources as well as our own files.

We can also provide a retrospective review of any appraisal you may have had done before. Even though this is typically requested by banks, you may need to utilize this service if you suspect mortgage fraud related to your home.