Attention homeowners: Real estate appraisal services for in Richardson and Dallas County

The top 7 reasons Texas homeowners need McGaughey & Associates:

  1. Get a pre-listing appraisal (whether they're selling the home themselves or using an agent)
  2. Challenge a property tax assessment
  3. Remove PMI to cut your mortgage payment
  4. To reinstate your Home Equity Line of Credit (or HELOC)
  5. Review a different appraiser's report for verification
  6. In the case of a divorce in the state of Texas, when real estate needs to be divided
  7. Determine the true market value of the real estate in question to settle an estate
Need help deciding the price of your home in or near Richardson, Texas? Contact McGaughey & Associates.

At McGaughey & Associates, we understand the special needs of a consumer looking for appraisal services. Our business practices and reporting formats are relatively routine to our business clients like banks, lawyers, and CPAs. Being a homeowner that probably doesn't see an appraisal on a regular basis, we will provide you with extra guidance and explanations through the appraisal process to better understand what we do and how we report our findings.

For-Sale-by-Owner (FSBO) / Pre-Listing Services

It's very hard to be objective about your home because you most likely have an emotional attachment to 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 important as a negotiating tool once you have an interested buyer, in addition to helping you set a realistic price to sell at so your home will attract interested buyers. It's something concrete to show your buyer. An appraisal is an independent third party's opinion of your home's value -- not just how much your home is worth. Potential buyers assume you have an emotional attachment to your home and will be more likely to give credibility to an expert appraiser's value report than yours.

Challenge a property tax assessment

Your local tax assessor may have your home overvalued if you live in an area that is declining. This only means you are most likely paying higher taxes than you should be paying. The earlier you take care of a matter like this, the better, since your property assessment may likely go up again in the next period. An appraisal from McGaughey & Associates is your perfect weapon when challenging your property tax assessment.

Need to cancel PMI?

An attractive way to save money for homeowners is to get the PMI removed from their mortgage loan, thus saving them money on their monthly payments. PMI stands for "Private Mortgage Insurance". Your monthly payments will go down once your mortgage loan amount is less than 80% of the value of your home. In most cases you can apply to the lender to have the PMI removed from your loan. We're seasoned in helping customers just like you rid yourselves of unnecessary PMI insurance.

Was your HELOC recently frozen?

If your property is in a declining area, your lender may make the decision to automatically freeze your home equity line of credit (HELOC) - even if your specific property has not declined in value. Not only can this be difficult and inconvenient from a cash flow standpoint, but it can be damaging to your credit score since it may appear as though that credit line is maxed out. An appraisal from McGaughey & Associates can help you reinstate your HELOC.

We Provide Field and Desktop Appraisal Review Services

Would you like a second opinion without the cost and delay of waiting for a whole new appraisal? Or do you desire a professional to double-check your appraisal for precision? McGaughey & Associates offers field reviews where we go out and check the subject and comps. If you're in a hurry, we'll provide desk review and verify as many facts as we can, using online data sources as well as our own files.

Do you need a retrospective review of an appraisal report? McGaughey & Associates can help you with that. While typically requested by banks, you may need to take advantage of this service if you suspect mortgage fraud related to your home.