Need an appraisal in Odessa or Ector County?

The top 7 reasons Texas homeowners use Wallace Appraisal Service LLC:

To get a pre-listing appraisal (whether you're using an agent or selling the home on your own)
Challenge property tax assessments
To reduce your monthly mortgage payment by removing PMI
Reinstate your Home Equity Line of Credit (or HELOC)
Review another appraiser's report for verification
If property needs to be divided because of a divorce
To settle an estate in Ector county or Texas by determining the true market value of the real estate in question


	Own a home in or near Odessa, Texas and need help deciding the price of it? Contact Wallace Appraisal Service LLC.

We at Wallace Appraisal Service LLC understand the particular needs of a consumer in need of appraisal services. Our business practices and reporting formats are relatively routine to our business clients like lenders, lawyers, and CPAs. But as a consumer, we will provide you with extra guidance and explanations through the appraisal process to better understand what we do and how we present our conclusions.

Pre-listing Services/For Sale by Owner

It's very hard to be objective about your own house because you probably have an emotional attachment to it. Our professional appraisers at Wallace Appraisal Service LLC are objective. We won't just tell you what you want to hear, we will tell you what you need to know. In addition to helping you set a realistic selling price so your house will attract interested buyers, a professional appraisal is very important as a negotiating tool once you have an attainable buyer. It's something tangible to show your buyer. It's an independent third party's opinion of your house's value, and not just you saying how much your home is worth. Potential buyers assume that you have an emotional attachment to your house and will be more likely to give credibility to a qualified appraiser's value estimation than yours.

Challenging Ector County's assessment of your property

Your local tax assessor may have your home overvalued if you live in a region that's going down or not appreciating as much as other houses nearby. That only means you are going to pay more taxes than you should. Since your property assessment may likely go up again in the next period, the earlier you take care of things like this, the better off you'll be. Getting an appraisal from Wallace Appraisal Service LLC is your perfect weapon when contesting your property tax assessment.

PMI Removal Appraisals

PMI stands for Private Mortgage Insurance. A fashionable money saver for homeowners is getting the PMI eliminated from their mortgage loan, thus saving them money on their monthly payments. Once your mortgage loan amount is below 80% of the value of your house, in most cases you can apply to the lender to have the PMI canceled from your loan, which will make your monthly payments go down. At Wallace Appraisal Service LLC, we're experts in helping customers just like you get rid of unwanted and unneeded PMI insurance.

Recently got a freeze to your HELOC?

Your lender may just decide to automatically freeze your home equity line of credit (HELOC) if your home is near a declining area -- even if your specific property has not declined in value. Not only can this be difficult from a cash flow angle, but it can be negative on your credit score since it may appear as though that credit line is maxed out. A professional appraisal from Wallace Appraisal Service LLC can help you reinstate your HELOC.

Field and Desktop Appraisal Review Services

Do you need a seasoned appraiser to double-check your appraisal for accuracy, or do you desire a second opinion without the charge and delay of waiting for a whole new appraisal? In a field review we will go out and check the subject and comps. Or, if you need it immediately, we can 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? We can assist you. While typically requested by banks, you may desire to make use of this service if you suspect mortgage fraud related to your house.