Attention homeowners in Mission Viejo and Orange County: Need an appraisal?
Here are the top seven reasons why CA homeowners need A.M. Appraisal:
Need help determining the value of your house in or near Mission Viejo, CA?
At A.M. Appraisal, we understand the particular needs of a customer seeking appraisal services. While our typical clients understand the appraisal process and standard reporting formats, you as a consumer will get extra service in the form of an explanation of the process and even special consumer-friendly reporting forms if the assignment allows for them.
For Sale By Owner/Pre-Listing Services
Since you have an emotional attachment to your house, it's often very hard to be objective about it. A professional appraiser is objective and will tell you what you need to know, not just what you want to hear. In addition to helping you set a realistic price to sell at so your property will attract many interested buyers, a professional appraisal is a very important negotiating tool once you have an interested buyer. It gives you something concrete to show your buyer. The appraisal is an independent third party's opinion of your house's value, 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 far more likely to give credibility to an expert appraiser's value judgement than yours.
PMI Removal Appraisals
A popular way to save money for homeowners is to get the PMI eliminated from their mortgage loan, thus saving them money on their monthly payments. PMI stands for "Private Mortgage Insurance". Once your mortgage loan is down below 80% of the value of your property, in most cases you can apply to the lender to have the PMI removed from your loan, which will make your monthly payments go down. At A.M. Appraisal, we're seasoned in helping consumers just like you get rid of unnecessary PMI insurance.
Challenging Orange county's assessment of your property
Your local tax assessor may have your house overvalued if your home is not appreciating as much as other houses close to yours. This only means you are going to pay higher taxes than you should be paying. Since your property assessment may likely go up again in the next period, the sooner you take care of a matter like this, the better off you'll be. An appraisal report from A.M. Appraisal is your number one weapon when contesting your property tax assessment.
Was your HELOC recently frozen?
Even if your specific property has not declined in value, your lender might just choose to automatically freeze your home equity line of credit (HELOC) if your property is near a declining area. This can be be unfavorable to your credit score since it may appear as though that credit line is maxed out, and also difficult from a cash flow standpoint. An appraisal from A.M. Appraisal can help you reinstate your HELOC.
Do You Need Field and Desktop Appraisal Review Services?
Have you just received a copy of your appraisal and you'd wish to have a veteran appraiser double-check it for verity or do you desire a second opinion without the added expense and delay of waiting for a whole new appraisal? In a field review we'll go out and check the subject and comparables. If you're in a hurry, we'll provide you with a desk review and verify as many facts as we can using online data sources as well as our own files.
We can also provide a retrospective review of any appraisal report you may have in your possession. Even though this is typically requested by banks, you may wish to exercise this service if you suspect mortgage fraud related to your property.