6 Reasons you should order an appraisal from Appraisal-One
To a lot of people, an appraisal just looks like a line item on the settlement sheet for a home sale or refinance. The majority of lenders still need a local expert because the stakes are so high, even though there are a multiplying number of automated home valuation systems that may appear more prudent than an appraisal. Is obtaining a mortgage the only reason to get an appraisal? Are there other cases when the services of a certified, independent real estate professional might be beneficial? Absolutely.
Challenge 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 Appraisal-One is your best evidence when building your case. We're qualified to assist you in appealing your tax assessment.
PMI removal to lower your mortgage payment
Private Mortgage Insurance, or PMI, is an extra insurance plan that most lenders ask homeowners to purchase when the amount being loaned to the home buyer is more than 80% of the actual value of the home. Most often, this extra payment is bundled into the monthly mortgage payment and is soon forgotten. This is damaging because PMI is unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - falls below the 80% level. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to eliminate the PMI installments when the loan-to-value ratio conditions have been met.
If you'd like to get rid of PMI, Appraisal-One will give you a statement regarding the value of your home. The expense of the appraisal can generally be recovered in a short amount of time because you'll no longer be paying the PMI.
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Settle a divorce with less stress
A divorce is often complicated by the troublesome decision of who gets the property, and it can be a very daunting ordeal for both parties. It's a good idea to get an appraisal from Appraisal-One so both parties are completely 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 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 received a fair evaluation.
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 calls for an appraisal to establish Fair Market Value for the residential property involved. We ensure the fullest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Most Americans do not have dedicated estate planners or executors to manage these affairs, unlike wealthier individuals. A home or other property often makes up a disproportionate share of the total estate value, so knowing the true value of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've gotten a fair deal.
Relocate to or from Orange County through an employee relocation program
We know the stress involved with an employee relocation. That's why we take great care in establishing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive aspects of their property, along with information regarding any new sales or listings in their area that they want considered during our thorough inspection.
Close on your home quickly — for the right price
A professional appraisal can help you make a better educated decision when determining your asking 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 are based on our efforts to complete the appraisal report and and aren't related to the sales price.
We determine 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 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.