Why you should order an appraisal

To a lot of us, an appraisal just looks like one more thing in the long list of items for a mortgage or refinance. While there are a growing number of automated home valuation methods that might seem more practical than an appraisal, most lenders still need a local expert because the stakes are incredibly high. Is obtaining a mortgage the only reason to acquire an appraisal? Are there more cases when the services of a certified, independent real estate professional might come in handy? Of course there are.

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Dispute your tax assessment in Los Angeles County

It's likely you're paying too much in property taxes if you live in an area where property values have declined. Ad Valorem taxes are determined by a past assessment of your real estate, so if prices are less than what they used to be in your area, you can challenge your assessment and save money. When building your case, an appraisal from us is your best evidence. We can assist you in challenging your tax assessment.

Removing PMI for mortgage payments

Private Mortgage Insurance, or PMI, is an added insurance plan that almost all lenders ask buyers to purchase when the amount being loaned to the homeowner is more than 80% of the actual value of the property. This added payment is often folded into the monthly mortgage payment and is quickly forgotten. This is unfortunate because PMI is no longer required when the remainder of the loan - whether through market appreciation or principal pay down - dips below the 80% mark. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to eliminate the PMI payments when the loan-to-value ratio conditions have been met.

All City Appraisal can produce a statement regarding the value of your home, and the price you paid for the home valuation can usually 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 can be a particularly traumatic experience for both parties, and it is often even more complicated by the troublesome decision of who maintains the home. So both parties are fully aware of the true market value of their home, it's a good idea to order an appraisal from All City Appraisal, regardless of the situation.

If the parties wish 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 assessment.

Fair and accurate estate liquidation

The loss of a loved one is a painful time in life, and settling an estate from a death, or probate, often entails 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 utmost degree of discretion.

Unlike wealthier individuals, most Americans do not have dedicated estate planners or executors to manage these affairs. And since a home or other property often makes up an uneven share of the total estate value, 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.

Move to or from Los Angeles County for work

We understand the stress associated with an employee relocation. That's why we take great care in establishing a convenient appointment time for the appraisal inspection. During our intensive inspection, we encourage relocating employees to provide feedback on the positive characteristics of their property, along with information about any current sales or listings in their neighborhood that they want considered.

Sell your home quickly — at an accurate price

A professional appraisal will help you make a better educated decision when determining your selling price, whether you choose to sell your home on your own or use the assistance of a real estate agent. An appraiser has no vested interest in what amount the house sells for, apart from real estate agents. Our fees aren't related to the sales price, but rather they are calculated on our efforts to finish the appraisal report.

We analyze the difference in value things like an additional bathroom or a kitchen remodel can make on a daily basis. Seeking 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 properties stay on the market.

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