Let All City Appraisal serve your appraisal needs
Thousands of people in California purchase, sell or refinance their home each year. Many of these transactions involve a simple line item for an appraisal. And while there are a growing number of automated home valuation methods that may seem more cost-effective than an appraisal, the majority of lenders still call in a local expert because the stakes are incredibly high. Is securing a mortgage the only reason you should get an appraisal? Are there more cases when the services of a certified, independent real estate professional might be helpful? Absolutely.
Challenge your tax assessment in Los Angeles County
It's probable you're paying too much in property taxes if you live in an area where property values have declined. Property taxes are determined by a past assessment of your house, so if prices have declined in your neighborhood, you can appeal your assessment and save money. 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 appealing your tax assessment.
Eliminating PMI for mortgage payments
When the amount being loaned to the home buyeris more than 80% of the actual value of the home, nearly all lenders ask home owners to take out this extra insurance plan. That policy is Private Mortgage Insurance, or PMI. Most often, this extra payment is folded into the monthly mortgage payment and is soon forgotten. PMI is unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - dips below the 80% level, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress requiring lenders to remove 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 provide you with a statement regarding the value of your home. The price you paid for the home valuation can usually be offset in just a few months because you'll no longer be paying the PMI.
Get your appraisal from All City AppraisalOrder today
Divorce settlement with less stress
A divorce is a very daunting ordeal for the parties involved, and it is often even more complicated by the hard decision of who gets the property. It's a good idea to order an appraisal from All City Appraisal so both parties are fully aware of the true market value of their property, regardless of the circumstances.
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 evaluation.
Determine an accurate and fair valuation for estate liquidation
Losing 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 real estate 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 issues, unlike many wealthy individuals. And seeing that a home or other property often makes up an unequal share of the total estate value, knowing the true value of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've received an honest deal.
Relocate to or from Los Angeles County for work
Employee relocation can be a stressful event, and we understand. We take great care in organizing an accommodating appointment time for the appraisal inspection. During our thorough inspection, we suggest relocating employees to provide feedback on the positive aspects of their property, as well as information about any recent sales or listings in their neighborhood that they want considered.
Close on your home quickly — for an accurate price
A professional appraisal will help you make a more informed decision when determining your selling price, whether you choose 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 aren't a percentage of the sales price, but rather they depend on our efforts to finish the appraisal report.
We determine 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 housesare on the market. So, seeking a professional appraisal is a trusted way to determine 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.