Why you should get an appraisal from California Appraisal Services (619)425-2500To a lot of us, an appraisal just looks like one more thing on the settlement sheet for a mortgage or refinance. Most lenders still call for a local expert because the stakes are very high, even though there are a multiplying number of automated home valuation processes that may appear to be more practical than an appraisal. But is getting a mortgage the only basis for getting an appraisal? Are there other instances when the services of a licensed, independent real estate professional could come in handy? You bet there are.
Appeal your tax assessment in San Diego CountyIf you live in an area where the value of property has depreciated, it's possible you're paying too much in property taxes. An appraisal from California Appraisal Services (619)425-2500 is your best evidence when building your case. At California Appraisal Services (619)425-2500,we can assist you in challenging your tax assessment.
How can you eliminate PMI to lower your mortgage payment?When the amount being loaned to the home owner is more than 80% of the actual value of the home, most lenders ask home owners to purchase an additional insurance plan. That policy is Private Mortgage Insurance, or PMI. More often than not, this extra payment is bundled into the monthly mortgage payment and is soon forgotten. This is bad because PMI is no longer required when the remaining balance of the loan - whether through market appreciation or principal pay down - goes below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress requiring lenders to eliminate the PMI payments on most mortgages when the balance is paid down to 78% of the original value.
If you'd like to do away with PMI, California Appraisal Services (619)425-2500 can produce a statement regarding the value of your home. The cost of the appraisal can generally be recovered in little time because you'll no longer be paying the PMI.
Divorce settlement with less stressA divorce is a very daunting event for the parties involved, and it is often even more complicated by the difficult decision of who keeps the house. Regardless of the situation, it's wise to order an appraisal from California Appraisal Services (619)425-2500 so both parties are completely aware of the true market value of their property.
The parties will have a better idea of what price to set, if they need to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.
Fair and accurate estate liquidationThe loss of a loved one is a hard time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Market Value for the residential property involved. We guarantee the fullest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Most Americans do not have dedicated estate planners or executors to take care of these affairs, unlike wealthy individuals. A home or other property often makes up a disproportionate share of the total estate value, so understanding the true value of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've received a fair deal.
Relocating to or from San Diego County?Employee relocation can be a stressful event, and we understand. We take great care in organizing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive features of their property, along with information regarding any current sales or listings in their area that they want considered during our detailed process.
Let California Appraisal Services (619)425-2500 assist you in selling your home quickly at the right priceA professional appraisal will help you make a better educated decision when determining your asking price, whether you decide to sell your home on your own or with the help of a real estate agent. An appraiser has no vested interest in what price the house sells for, unlike real estate agents. The price we charge isn't contingent upon the value opinion we render, but rather they rest on our efforts to finish the appraisal.
On a daily basis, we determine the difference in value things like an additional bathroom or a kitchen remodel can make. And we're experts in knowing how long homes are on the market. So, obtaining a professional appraisal is a trusted way to determine what improvements will add value and what an appropriate sales price is for your home so you don't come up short or have your house on the market too long, costing you time and money.