6 Reasons to choose an appraisal from Premier Appraisal of SoCal
Year after year, thousands of people in California purchase, sell or refinance their home. Most of these transactions contain a simple line item for an appraisal. The majority of lenders still call for a local expert because the stakes are incredibly high, even though there are a developing number of automated home valuation methods that might appear more practical than an appraisal. Is getting a mortgage the only reason you should get an appraisal? Are there other cases when the services of a certified, independent real estate professional could be beneficial? You bet there are.
Dispute your tax assessment in Orange County
If you live in an area where the property value 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 qualified to assist you in challenging your tax assessment.
PMI removal to lower a mortgage payment
Private Mortgage Insurance, or PMI, is an extra insurance plan that many lenders ask homebuyers to buy when the amount being loaned to the home buyer is more than 80% of the actual value of the home. More often than not, this added payment is bundled into the monthly mortgage payment and is soon forgotten. This is unfortunate because PMI isn't necessary when the remainder 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) that requires lenders to dismiss the PMI installments when the loan-to-value ratio conditions have been met.
If you'd like to do away with PMI, Premier Appraisal of SoCal can give you a statement regarding the value of your home. The cost of the appraisal can generally be offset in little time because you'll no longer be paying the PMI.
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Settle a divorce with less stress
A divorce is a particularly horrible event for the parties involved, and it is often further complicated by the hard decision of who gets the home. So both parties are entirely aware of the true market value of their home, it's a good idea to get an appraisal from Premier Appraisal of SoCal, regardless of the situation.
If the parties wish 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 gotten a fair assessment.
Fair and accurate estate liquidation
The death of a loved one is a difficult time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Fair Market Value for the real estate involved. We guarantee 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 handle these affairs, unlike many wealthy individuals. And seeing that a home or other property often makes up a disproportionate share of the total estate value, knowing the true worth of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've gotten an honest deal.
Relocate to or from Orange County through an employee relocation program
Employee relocation can be a stressful event, and we understand. We take great care in organizing a convenient appointment time for the appraisal inspection. During our intensive inspection, we recommend relocating employees to provide remarks on the positive features of their property, as well as information regarding any new sales or listings in their neighborhood that they want considered.
Sell your home promptly — for an accurate price
A professional appraisal will help you make a more informed decision when determining your selling price, whether you want to sell your home on your own or with the help of a real estate agent. An appraiser has no vested interest in what price the house sells for, unlike real estate agents. Our fees rest on our efforts to finish the appraisal report and and aren't related to the sales price.
We examine the difference in value items like an additional bathroom or a kitchen remodel can make on a daily basis. Obtaining a professional appraisal is a reliable 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, because we're experts in knowing how long properties stay on the market.