6 Reasons you should order an appraisal from The Appraisal Service
To a lot of people, an appraisal just looks like a line item on the settlement sheet for a home sale or refinance. Practically all lenders still want a local expert because the stakes are incredibly high, even though there are a multiplying number of automated home valuation systems that might seem cheaper than an appraisal. You might think that getting a mortgage is the only reason you should get an appraisal, but there are additional cases when the services of a licensed, independent real estate professional could be beneficial.
Dispute your tax assessment
If you reside in an area where the value of property has declined, it's possible you're paying too much in property taxes. An appraisal from The Appraisal Service is your best evidence when building your case. At The Appraisal Service, we're qualified to assist you in disputing your tax assessment.
Removing PMI for mortgage payments
Private Mortgage Insurance, or PMI, is an added insurance policy that almost all lenders ask homeowners to buy when the amount being loaned to the homeowner is more than 80% of the actual value of the home. Oftentimes, this extra payment is bundled into the monthly mortgage payment and is soon forgotten. PMI is unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - falls below the 80% mark, making this very unfavorable. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to remove the PMI payments when the loan-to-value ratio conditions have been met.
The Appraisal Service will give you a statement regarding the value of your home, and the cost of the appraisal can often be offset in just a few months because you'll no longer be paying the PMI.
Get your appraisal from The Appraisal ServiceOrder today
Divorce settlement with less stress
A divorce is a particularly traumatic event for the parties involved, and it is often further complicated by the challenging decision of who maintains the home. Regardless of the situation, it's a good idea to get an appraisal from The Appraisal Service so both parties are entirely aware of the true market value of their home.
If the parties need to sell the home, they'll have a better idea of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.
Fair and accurate estate liquidation
Losing a loved one is a difficult time in life, and settling an estate from a death, or probate, often requires an appraisal to establish Fair Market Value for the residential property involved. We ensure the maximum degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Unlike wealthy individuals, most Americans don't have dedicated estate planners or executors to manage these issues. A home or other property often makes up an unequal share of the total estate value, so understanding the true worth of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've received an honest deal.
Relocate to or from San Diego County through an employee relocation program
We understand the stress associated with an employee relocation. We take great care in setting up a convenient appointment time for the appraisal inspection. During our detailed inspection, we suggest relocating employees to provide feedback on the positive characteristics of their property, along with information regarding any recent sales or listings in their area that they want considered.
Close on your home promptly — for an accurate price
Whether you choose to sell your home on your own or use the assistance of a real estate agent, a professional appraisal can help you make a more informed decision regarding your selling price. Unlike a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees rest on our efforts to finish the appraisal report and not a percentage of the sales price.
We determine the difference in value things like an extra bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long propertiesstay on the market. So, getting a professional appraisal is a reliable way to determine what improvements will add value and what a suitable sales price is for your home so you don't come up short or have your house on the market an unnecessarily long time.