Reasons to choose an appraisal from A.M. Appraisal

To many, an appraisal is simply another fee on the settlement sheet for a home sale or refinance. The majority of lenders still call for a local expert because the stakes are incredibly high, even though there are a growing number of automated home valuation systems that might appear to be more cost-effective than an appraisal. Is securing a mortgage the only reason to acquire an appraisal? Are there also cases when the services of a licensed, independent real estate professional might be beneficial? Of course there are.

Let A.M. Appraisal assist you in lowering your mortgage payment

Contest your tax assessment

It's likely you're paying too much in property taxes if you reside in an area where property values have depreciated. Property taxes are based upon a past assessment of your home, so if prices have gone down in your area, you can appeal your assessment and save money. An appraisal from A.M. Appraisal is your best evidence when building your case. We can assist you in disputing your tax assessment.

Eliminating PMI for mortgage payments

Private Mortgage Insurance, or PMI, is a supplemental insurance plan that nearly all lenders ask buyers to purchase when the amount being loaned to the homebuyer is more than 80% of the actual value of the home. Most often, this added payment is bundled into the monthly mortgage payment and is promptly forgotten. This is damaging because PMI is no longer required when the remainder of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to do away with the PMI installments when the loan-to-value ratio conditions have been met.

A.M. Appraisal will produce a statement regarding the value of your home, and the cost of the home valuation can usually 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 take make a divorce settlement less stressful

A divorce is often complicated by the burdensome decision of who keeps the house, and it can be a particularly daunting occurrence for both parties. Regardless of the circumstances, it's a good idea to get an appraisal from A.M. Appraisal so both parties are completely aware of the true market value of their property.

If the parties want 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 received a fair evaluation.

Determine a fair and accurate valuation for estate liquidation

The loss of a loved one is a painful 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, guaranteeing the highest degree of discretion.

Most Americans don't have dedicated estate planners or executors to manage these matters, unlike wealthier individuals. A home or other property often makes up an uneven share of the total estate value, so knowing the true value of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've received an honest deal.

Relocate to or from Orange County for work

We are familiar with the stress involved with an employee relocation. That's why we take great care in establishing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive attributes of their property, as well as information about any recent sales or listings in their area that they want considered during our thorough inspection.

Close on your home promptly — for an accurate price

A professional appraisal can help you make a better educated decision regarding your selling price, whether you decide to sell your home on your own or with the help of a real estate agent. Apart from a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees aren't related to the sales price, but rather they rest on our efforts to finish the appraisal report.

We examine the difference in value items like an additional bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long propertiesstay on the market. So, obtaining a professional appraisal is a trusted way to decide what improvements will add value and what an applicable sales price is for your home so you don't come up short or have your house on the market an unnecessarily long time.

Let A.M. Appraisal assist you in selling your home quickly at the right price