Why you should get an appraisal

Year after year, thousands of people in California buy, sell or refinance their home. A lot of these transactions have a simple line item for an appraisal. Nearly all lenders still want a local expert because the stakes are incredibly high, even though there are a budding number of automated home valuation methods that might seem more practical than an appraisal. Is getting a mortgage the only reason to acquire an appraisal? Are there also situations when the services of a licensed, independent real estate professional could be beneficial? Absolutely.

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Appeal your tax assessment in Los Angeles 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 All City Appraisal is your best evidence when building your case. At All City Appraisal, we're capable of assisting you in challenging your tax assessment.

PMI removal to lower your mortgage payment

Private Mortgage Insurance, or PMI, is an additional insurance policy that most lenders ask buyers to purchase when the amount being loaned to the homebuyer is more than 80% of the actual value of the property. This additional payment is often bundled into the monthly mortgage payment and is promptly forgotten. PMI isn't necessary when the remainder of the loan - whether through market appreciation or principal pay down - goes below the 80% level, making this very unfortunate. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress that requires 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, All City Appraisal can produce a statement regarding the value of your home. The cost of the home valuation can generally be offset in a short amount of time because you'll no longer be paying the PMI.

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Get a fair valuation on a home take make a divorce settlement less stressful

A divorce is often complicated by the strenuous decision of who gets the property, and it can be a particularly traumatic event for both parties. Regardless of the circumstances, it's a good idea to get an appraisal from All City Appraisal so both parties are completely aware of the true market value of their house.

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

Ascertain an accurate and fair valuation for estate liquidation

Losing 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 real estate involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the highest degree of discretion.

Most Americans do not have dedicated estate planners or executors to manage 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 gotten an honest deal.

Relocate to or from Los Angeles County through an employee relocation program

Employee relocation can be a stressful event, and we understand. That being said, we take great care in setting up an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive characteristics of their property, along with information regarding any recent sales or listings in their neighborhood that they want considered during our detailed inspection.

Sell your home quickly — at an accurate price

A professional appraisal will help you make a more informed decision when determining your asking price, whether you want to sell your home on your own or use the assistance of a real estate agent. Apart from a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees depend on our efforts to finish the appraisal report and and aren't related to the sales price.

We analyze the difference in value things like an additional bathroom or a kitchen remodel can make on a daily basis. Obtaining a professional appraisal is a reliable 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, because we're experts in knowing how long homes are one the market.

Let All City Appraisal assist you in selling your home quickly at the right price
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