Reasons someone would call Appraisal Care

To a lot of us, an appraisal is simply one more thing on the settlement sheet for a home purchase or refinance. Even though there are an increasing number of automated home valuation systems that might appear less expensive than an appraisal, the majority of lenders still want a local expert because the stakes are so high. But is securing a mortgage the only basis for getting an appraisal? Are there other cases when the services of a licensed, independent real estate professional might be helpful? You bet.


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Dispute your tax assessment in Los Angeles County

It's likely you're paying too much in property taxes if you reside in an area where property values have depreciated. Ad Valorem taxes are determined by a past assessment of your house, so if prices are less than what they used to be in your area, you can appeal your assessment and save money. When building your case, an appraisal from Appraisal Care is your best evidence. At Appraisal Care,we can assist you in appealing your tax assessment.

Eliminating PMI will lower your mortgage payment

Private Mortgage Insurance, or PMI, is an added insurance plan that almost all lenders ask home buyers to buy when the amount being loaned to the buyer is more than 80% of the actual value of the real estate. Most often, this additional payment is folded into the monthly mortgage payment and is promptly forgotten. PMI becomes unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - dips below the 80% level, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was approved by the United States Congress that requires lenders to eliminate the PMI payments when the balance is paid down to 78% of the original value.

Appraisal Care can provide you with a statement regarding the value of your home, and the price you paid for the appraisal can generally be offset in a short amount of time because you'll no longer be paying the PMI.

Settling a divorce with less stress

A divorce can be a particularly daunting experience for both parties, and it is often even more complicated by the challenging decision of who gets the property. It's a good idea to get an appraisal from Appraisal Care so both parties are fully aware of the true market value of their property, regardless of the situation.

If the parties need to sell the home, they'll have a a good idea of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.

Accurate and fair estate liquidation

The loss of a loved one is a painful time in life, and settling an estate from a death, or probate, often requires an appraisal to establish 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 maximum degree of discretion.

Most Americans don't have dedicated estate planners or executors to handle these issues, unlike many wealthy individuals. And seeing that a home or other property often makes up an uneven share of the total estate value, knowing the precise value of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've received an honest deal.

Let Appraisal Care help you with relocating to or from Los Angeles County

Moving due to a job change is a stressful event, and we understand. That being said, we take great care in setting up a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive features of their property, along with information regarding any new sales or listings in their area that they want considered during our detailed process.

Sell your home quickly at the right price with an appraisal from Appraisal Care

A professional appraisal can help you make a better educated decision regarding your asking price, whether you want to sell your home on your own or use the assistance of a real estate agent. Unlike a real estate agent, an appraiser has no vested interest in what price the house sells for. The price we charge isn't related to the sales price, but rather they rest on our efforts to finish the appraisal.

We examine the difference in value things like an extra bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long properties are on the market. So, obtaining a professional appraisal is a trusted 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.