Why You Need An Appraisal
Much wealth lies in real estate, and the determination of its value is essential to your economic well-being. The job of a professional appraiser is to determine this value by gathering and analyzing pertinent information to form an unbiased opinion of value. This professional opinion of value, backed by extensive training and years of experience provides the owner, manager, purchaser, investor, or lender the information needed for the security of the real estate. My reputation is paramount. Good business speaks for itself. As a designated professional whose sole interest is an unbiased and objective appraisal, when you employ Donna Simpson,SRA,CRP to appraise your property, you will benefit from the most skilled and experienced real estate professional in North Texas.

Circumstances requiring the expertise of a certified, designated real estate appraiser include:

Pre-Sale Decisions
When someone decides to sell a home, there are many questions to be considered. “How much should I ask for it?” “How quickly do I want it to sell?” “What is the guy down the street asking for his home?” “Do I need to install new carpet or paint?”- just to name a few.

An appraiser can aid in those decisions. Unlike a realtor, the appraiser has no vested interest in the final sale price. The appraisal fee is based on the amount of work needed to complete the job, not on a percentage of the sale price. Often the cost of making improvements to your home does not equal the value derived from those improvements. Seeking a professional appraiser’s advice could save time and money, and help you make the best decisions in setting a fair list price. By engaging the services of Donna Simpson,SRA,CRP, you will benefit from her expertise because experience, integrity and knowledge are a premium in today’s real estate market.

Primary and Secondary Mortgage Loans
Buying real estate is the one of the single largest investments an individual will make. Most purchasers of real estate finance their purchase through a lending institution. Along with qualifying the buyer for a loan, the lender will also “qualify” the property. Whether you are seeking a new loan through a bank, credit union or mortgage lender or broker, the same question always arises, “What is it worth?”

The industry standard for qualifying a property is with an appraisal made by a reputable professional appraiser. By using an appraiser who is designated with an appraisal organization, both you and the lender are assured that the appraisal will be unbiased and objective because the appraiser has met rigorous education, experience and ethical requirements. By engaging the services of Donna Simpson,SRA,CRP, you will benefit from her expertise because experience, integrity and knowledge are a premium in today’s real estate market.

Employee Relocation
Congratulations! You’ve been promoted, but the promotion requires you to move across the country. You have 30 days to relocate and begin your new job. Your company may have a relocation department in-house, or they may outsource the relocation process to another business. But the questions that arise are, “What is our home worth?”, and “Who can I trust to make sure we don’t overpay on our new home and that we buy in the ‘right’ neighborhood?” You want to get the best price for your current home and make the best deal on your new home.

A relocation appraisal is an estimate of the anticipated sale price your home will sell for in the current market within a reasonable length of time. Properly pricing your home to compete in the current market can greatly improve your chance for a timely, profitable sale. A relocation appraisal prepared by Donna Simpson,SRA,CRP has been shown to be the best means of estimating the price your home will bring on the open market. Her designations ensure that she has met rigorous education, experience and ethical requirements.

A destination appraisal is a win-win for you and your employer. Without a professional appraisal some transferring buyers have paid more than they should or purchased a less-than-desirable home. Should you be relocated in the future and faced with another sale of your property, you may gain from any appreciation, and your employer may minimize any losses. Donna Simpson,SRA,CRP will provide an unbiased and objective opinion of the value of your new investment as well as provide information about the neighborhood you are buying into.

Mortgage Refinance/Home Equity Loans
Refinancing and Home Equity loans have been extremely popular in recent years due to the decline in interest rates and the law changes in Texas. By using an appraiser who is designated with an appraisal organization, you and the lender are assured that the appraisal will be unbiased and objective because the appraiser has met rigorous education, experience and ethical requirements. By engaging the services of Donna Simpson,SRA,CRP, you will benefit from her expertise. Her experience, integrity and knowledge are a premium in today’s real estate market.

Refinancing typically reduces your interest rate and may reduce the term of your loan. When you refinance, it is to your benefit to have an appraisal prepared by a professional appraiser to ensure that your loan-to-value ratio is accurate and you are able to get the “best deal” the lender can offer.

A home equity loan may give you a large amount of cash at a relatively low interest rate, as well as providing certain tax advantages that are not available with other loans. However, to obtain a home equity loan, you are required to use your home as collateral. Having an accurate and reliable professional appraisal of your property determines just exactly how much equity you have in your home and how much cash you may have at your disposal.

Property Tax Challenges
Property taxes are a way of life in the ownership of real property. Each year the Tax Assessor sends you notice of their opinion of the value of your property. Often times, you, the property owner disagree with the value assessment. What do you do? It is daunting to stand before the Central Appraisal District’s Appeal Board with the Assessor’s appraiser sitting off in the wings while you plead your case. A professional real estate appraiser can help with your challenge. By engaging the services of Donna Simpson,SRA,CRP, you and the Appeal Board are assured that the appraisal will be unbiased and objective because she has met rigorous education, experience and ethical requirements. You will benefit from her expertise because experience, integrity and knowledge are a premium in today’s real estate market.

PMI Elimination
Private Mortgage Insurance or PMI is supplemental insurance you are required to pay when your loan is higher than 80% of the value of your property. Once the balance of your loan meets the 80% level lenders are required to remove the PMI payments. However, the burden of proof is on the property owner. By using an appraiser who is designated with an appraisal organization, you and the lender are assured that the appraisal will be unbiased and objective because the appraiser has met rigorous education, experience and ethical requirements. By engaging the services of Donna Simpson,SRA,CRP, you will benefit from her expertise because experience, integrity and knowledge are a premium in today’s real estate market.

Divorce Settlement, Estate Planning, Foreclosure
Divorce can be a very traumatic experience for both parties and the loss of a loved one is one of the most difficult times in a person’s life. The dissolution of a property due to divorce, the untimely death of a loved one or foreclosure can be extremely complicated. A professional appraiser can lessen the complications associated with any of these sensitive situations. By using Donna Simpson,SRA,CRP you are assured that the appraisal will be unbiased and objective because she has met rigorous education, experience and ethical requirements. By engaging the services of Donna Simpson,SRA,CRP, you will benefit from her expertise. She is committed to the belief that knowledge, experience and integrity are a premium in today’s real estate market.

There are many other uses of an appraiser’s expertise. Contact Donna for all your appraisal needs.

Donna Simpson, SRA, CRP
tel 817-457-7380      fax 817-492-9258