Attention homeowners in Mission Viejo and Orange County: Need an appraisal?
Here are the top seven reasons CA homeowners need A.M. Appraisal:
Do you own a home in or near Mission Viejo? Do you need help determining the price of your real estate?
We at A.M. Appraisal understand the special needs of a consumer in need of appraisal services. Our regular business clients understand the appraisal process and the usual reporting formats. As our client, you'll receive extra guidance and explanations through the appraisal process to better understand what we do and how we document the results of our analysis.
For Sale By Owner (FSBO)/Pre-Listing Services
It's very hard to be objective about your own house because you most likely have an emotional attachment to it. Professional appraisers, like the ones at A.M. Appraisal, are objective. We 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 home will attract many interested buyers, a professional appraisal is very valuable as a negotiating tool once you have an attainable buyer. The appraisal is something concrete to show the buyer. The appraisal is an independent third party's opinion of your house's value, not just how much your home is worth. Potential buyers assume that you have an emotional attachment to your home and will be much more likely to give credibility to an accomplished appraiser's value assessment than yours.
Appraisals to cancel PMI
PMI stands for Private Mortgage Insurance. A popular way to cut expenses for homeowners is to get the PMI eliminated from their mortgage loan, thus saving them money on their monthly payments. Once your mortgage loan amount is less than 80% of the value of your house, in most cases you can apply to a lender to have the PMI canceled from your loan, which will make your monthly payments go down. We're qualified in helping people just like you rid yourselves of unwanted and unneeded PMI insurance.
Challenging a property tax assessment
Your local tax assessor may have your house overvalued if your house is not appreciating as much as other homes close by. This means you're most likely paying higher taxes than you should be paying. Since your property assessment may likely go up again in the next period, the quicker you take care of things like this, the better. A professional appraisal from A.M. Appraisal is your best weapon when challenging your property tax assessment.
Recently got a freeze your HELOC?
Your lender may make the decision to automatically freeze your home equity line of credit (HELOC) if your home is in or near a declining area -- even if your specific property has not declined in value. Not only can this be troublesome from a cash flow standpoint, but it can be negative on your credit score since it may appear as though that credit line is maxed out. A.M. Appraisal can provide you with a professional appraisal to help you reinstate your home equity line of credit.
Need Field and Desktop Appraisal Review Services?
Would you prefer a second opinion without the added cost and delay of waiting for a whole new appraisal? Or do you want a veteran appraiser to double-check your appraisal for accuracy? In a field review we'll go out and check the subject and comps. Or, if you need it ASAP, we can provide desk review and verify as many facts as we can using online data sources as well as our own files.
We can also provide you with a a retrospective review of any appraisal you may have in your possession. While typically requested by banks, you may desire to exercise this service if you suspect mortgage fraud related to your home.