Reasons to get an appraisal from A.M. Appraisal
Each year, thousands of people in California buy, sell or refinance their home. Many of these transactions consist of a simple line item for an appraisal. And even though there are a multiplying number of automated home valuation processes that might seem cheaper than an appraisal, practically all lenders still call for a local expert because the stakes are incredibly high. Is securing a mortgage the only reason you should get an appraisal? Are there additional instances when the services of a licensed, independent real estate professional might come in handy? Absolutely.
Dispute your tax assessment in Orange County
It's quite possible you're paying too much in property taxes if you live in an area where property values have declined. Ad Valorem taxes are determined by a previous assessment of your home, so if values are less than what they used to be in your neighborhood, 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 appealing your tax assessment.
Eliminating PMI for mortgage payments
When the amount being loaned to the home owneris more than 80% of the actual value of the home, nearly all lenders ask homebuyers to purchase this additional insurance plan. That policy is Private Mortgage Insurance, or PMI. This extra payment is often bundled into the monthly mortgage payment and is promptly forgotten. PMI becomes unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - dips below the 80% level, making this very unfavorable. In fact, the United States Congress passed 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 provide you with a statement regarding the value of your home, and the expense of the home valuation can often be offset in little time because you'll no longer be paying the PMI.
Get your appraisal from A.M. AppraisalOrder today
Get a fair valuation on a home take make a divorce settlement less stressful
A divorce is often complicated by the challenging decision of who gets the house, and it can be an especially daunting occurrence for both parties. Regardless of the situation, 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.
The parties will have a better idea of what price to set, if they wish to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair assessment.
Fair and accurate estate liquidation
The loss of a loved one is a hard time in life, and settling an estate from a death, or probate, often calls for an appraisal to establish Fair Market Value for the real estate involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the fullest degree of discretion.
Unlike many wealthy individuals, most Americans do not have dedicated estate planners or executors to manage these affairs. A home or other property often makes up a disproportionate share of the total estate value, so understanding the true worth of the real estate at hand is of significant importance to ensuring disputing parties leave knowing they've received an honest deal.
Move to or from Orange County through an employee relocation program
Employee relocation can be a stressful event, and we understand. That being said, we take great care in organizing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive aspects of their property, along with information about any current sales or listings in their area that they want considered during our intensive inspection.
Sell your home promptly — for an accurate price
Whether you want to sell your home on your own or with the help of a real estate agent, a professional appraisal can help you make a better educated decision regarding your selling price. An appraiser has no vested interest in what amount the house sells for, unlike real estate agents. Our fees aren't related to the sales price, but rather they rest on our efforts to complete the appraisal report.
On a daily basis, we analyze the difference in value items like an additional bathroom or a kitchen remodel can make. Obtaining a professional appraisal is a trusted way to decide 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 homes are one the market.