6 Reasons to choose an appraisal from Premier Appraisal of SoCal
To a lot of people, an appraisal just looks like another cost on the settlement sheet for a home sale or refinance. And even though there are an increasing number of automated home valuation systems that may seem more economical than an appraisal, nearly all lenders still call for a local expert because the stakes are so high. You might think that obtaining a mortgage is the only reason you should get an appraisal, but there are additional times when the services of a certified, independent real estate professional could be beneficial.
Dispute your tax assessment in Orange County
If you are in an area where the value of property has depreciated, it's possible you're paying too much in property taxes. An appraisal from Premier Appraisal of SoCal is your best evidence when building your case. We're equipped to assist you in appealing your tax assessment.
PMI removal to reduce a mortgage payment
Private Mortgage Insurance, or PMI, is a supplemental insurance policy that most lenders ask home buyers to buy when the amount being loaned to the buyer is more than 80% of the actual value of the home. This additional payment is often folded into the monthly mortgage payment and is soon forgotten. PMI isn't necessary when the remaining balance of the loan - whether through market appreciation or principal pay down - falls below the 80% mark, making this very unfortunate. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress requiring lenders to remove the PMI payments when the loan-to-value ratio conditions have been met.
If you'd like to get rid of PMI, Premier Appraisal of SoCal will produce a statement regarding the value of your home. The price you paid for the appraisal can generally be regained 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 a particularly traumatic event for the parties involved, and it is often further complicated by the troublesome decision of who maintains the home. So both parties are entirely aware of the true market value of their home, it's a good idea to order an appraisal from Premier Appraisal of SoCal, regardless of the situation.
The parties will have a better idea of what price to set, if they wish to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've gotten a fair assessment.
Determine an accurate and fair valuation for estate liquidation
The death of a loved one is a hard time in life, and settling an estate from a death, or probate, often requires an appraisal to establish Fair Market Value for the residential property involved. We ensure the highest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Most Americans don't have dedicated estate planners or executors to take care of these matters, unlike wealthy individuals. A home or other property often makes up an uneven share of the total estate value, so knowing the true worth of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've received a fair deal.
Relocate to or from Orange County through an employee relocation program
We understand 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 input on the positive attributes of their property, as well as information regarding any new sales or listings in their neighborhood that they want considered during our thorough inspection.
Sell your home quickly — at an accurate price
A professional appraisal can help you make a more informed decision regarding your selling price, whether you decide to sell your home on your own or use the assistance of a real estate agent. An appraiser has no vested interest in what price the house sells for, unlike real estate agents. Our fees aren't a percentage of the sales price, but rather they are based on our efforts to finish the appraisal report.
On a daily basis, we examine the difference in value items like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long propertiesstay on the market. So, getting a professional appraisal is a reliable way to decide what improvements will add value and what an appropriate sales price is for your home so you don't come up short or have your house on the market an unnecessarily long time.