Reasons to choose an appraisal from A.M. Appraisal
To many, an appraisal is simply one more thing in the long list of items for a mortgage or refinance. Even though there are an increasing number of automated home valuation systems that might seem more prudent than an appraisal, almost all lenders still need a local expert because the stakes are so high. You might assume that securing a mortgage is the only basis for getting an appraisal, but there are additional instances when the services of a certified, independent real estate professional could be helpful.
Contest your tax assessment in Orange County
If you live in an area where the property value has depreciated, it's possible you're paying too much in property taxes. An appraisal from A.M. Appraisal is your best evidence when building your case. At A.M. Appraisal, we're equipped to assist you in disputing your tax assessment.
Get rid of PMI to lower your mortgage payment
Private Mortgage Insurance, or PMI, is an extra insurance policy that almost all lenders ask homeowners to purchase when the amount being loaned to the home owner is more than 80% of the actual value of the real estate. Most often, this added payment is folded into the monthly mortgage payment and is quickly forgotten. This is unfortunate because PMI is unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% level. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress requiring lenders to remove the PMI installments when the loan-to-value ratio conditions have been met.
If you'd like to eliminate PMI, A.M. Appraisal can give you a statement regarding the value of your home. The expense of the home valuation can generally be recovered in little time because you'll no longer be paying the PMI.
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Get a clear valuation on a home for divorce settlements
A divorce is often complicated by the troublesome decision of who gets the house, and it can be a very traumatic event for both parties. It's a good idea to order an appraisal from A.M. Appraisal so both parties are entirely aware of the true market value of their property, regardless of the circumstances.
If the parties need to sell the home, they'll have a better idea of what price to set. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've gotten a fair assessment.
Ascertain a fair and accurate valuation for estate liquidation
The 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 Fair Market Value for the residential property involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the utmost degree of discretion.
Most Americans don't have dedicated estate planners or executors to take care of these matters, unlike wealthier individuals. And since a home or other property often makes up a disproportionate share of the total estate value, knowing the true worth of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've gotten an honest deal.
Move to or from Orange County through an employee relocation program
We are aware of the headaches involved with an employee relocation. That being said, we take great care in establishing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive characteristics of their property, along with information about any recent sales or listings in their area that they want considered during our intensive inspection.
Sell your home promptly — at the right price
A professional appraisal will help you make a better educated decision regarding your selling price, whether you choose to sell your home on your own or with the help of a real estate agent. Unlike a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees depend on our efforts to complete the appraisal report and not a percentage of the sales price.
We determine the difference in value items like an additional bathroom or a kitchen remodel can make on a daily basis. 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, because we're experts in knowing how long houses stay on the market.