Why you should get an appraisal from All City Appraisal

To a lot of us, an appraisal is simply a line item in the long list of items for a mortgage or refinance. And while there are an increasing number of automated home valuation processes that may seem more cost-effective than an appraisal, the majority of lenders still call for a local expert because the stakes are very high. You might believe that obtaining a mortgage is the only reason to acquire an appraisal, but there are other situations when the services of a certified, independent real estate professional could be helpful.

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Challenge your tax assessment in Los Angeles County

If you are in an area where property values have 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 qualified to assist you in appealing your tax assessment.

Eliminating PMI for mortgage payments

When the amount being loaned to the homeowneris more than 80% of the actual value of the home, many lenders ask home buyers to buy this added insurance policy. That policy is Private Mortgage Insurance, or PMI. This additional payment is often bundled into the monthly mortgage payment and is quickly forgotten. PMI isn't required when the remainder of the loan - whether through market appreciation or principal pay down - falls below the 80% mark, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress that requires lenders to dismiss the PMI payments 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 appraisal can generally be regained in little time because you'll no longer be paying the PMI.

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Divorce settlement with less stress

A divorce is an especially traumatic ordeal for the parties involved, and it is often even more complicated by the difficult decision of who maintains the house. Regardless of the situation, it's a good idea to get an appraisal from All City Appraisal so both parties are entirely aware of the true market value of their property.

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

Ascertain an accurate and fair valuation for 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 Fair Market Value for the residential property involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the maximum degree of discretion.

Unlike many wealthy individuals, most Americans do not have dedicated estate planners or executors to take care of these matters. A home or other property often makes up an uneven share of the total estate value, so understanding the true worth of the real estate at hand is of significant importance to ensuring disputing parties leave knowing they've received an honest deal.

Move to or from Los Angeles County for work

We understand the stress involved with an employee relocation. That being said, we take great care in setting up an accommodating appointment time for the appraisal inspection. During our detailed inspection, we suggest relocating employees to provide feedback on the positive attributes of their property, along with information regarding any recent sales or listings in their neighborhood that they want considered.

Sell your home promptly — for the right price

A professional appraisal can help you make a better educated decision regarding your selling price, whether you choose 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 aren't a percentage of the sales price, but rather they are based on our efforts to finish the appraisal report.

We analyze 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 propertiesare on the market. So, getting a professional appraisal is a trusted way to determine 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.

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