Why you should get an appraisal from All City Appraisal
To a lot of people, an appraisal is simply another fee in the long list of items for a home purchase or refinance. And even though there are a developing number of automated home valuation processes that might appear to be cheaper than an appraisal, the majority of lenders still call for a local expert because the stakes are very high. Is securing a mortgage the only reason you should get an appraisal? Are there additional situations when the services of a licensed, independent real estate professional might be helpful? You bet.
Contest your tax assessment
If you reside in an area where the property value has declined, it's possible you're paying too much in property taxes. When building your case, an appraisal from us is your best evidence. We're qualified to assist you in disputing your tax assessment.
Eliminate PMI to lower your mortgage payment
Private Mortgage Insurance, or PMI, is an added insurance plan that almost all lenders ask homeowners to purchase when the amount being loaned to the home buyer is more than 80% of the actual value of the home. This added payment is often bundled into the monthly mortgage payment and is quickly forgotten. PMI becomes unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - falls below the 80% mark, making this very unfavorable. 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.
If you'd like to eliminate PMI, All City Appraisal can provide you with a statement regarding the value of your home. The cost of the appraisal can often be recovered in a short amount of time because you'll no longer be paying the PMI.
Order an appraisal from All City AppraisalOrder online
Get a clear valuation on a home for divorce settlements
A divorce is a particularly daunting event for the parties involved, and it is often even more complicated by the challenging decision of who gets the house. Regardless of the situation, 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 house.
The parties will have a a good idea of what price to set, if they wish to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation.
Determine a fair and accurate valuation for estate liquidation
The loss of a loved one is a difficult 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. We guarantee the maximum degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Unlike wealthier individuals, most Americans do not have dedicated estate planners or executors to handle these affairs. And since a home or other property often makes up a disproportionate share of the total estate value, understanding the true worth of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've received an honest deal.
Move to or from Los Angeles County for work
Employee relocation is a stressful event, and we understand. 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 features of their property, along with information regarding any new sales or listings in their area that they want considered.
Sell your home quickly — for an accurate price
Whether you decide to sell your home on your own or use the assistance of a real estate agent, a professional appraisal will help you make a more informed decision regarding your asking price. 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 depend on our efforts to complete the appraisal report.
On a daily basis, we determine the difference in value items like an additional bathroom or a kitchen remodel can make. And we're experts in knowing how long housesstay on the market. So, 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.