Reasons to get an appraisal

To many, an appraisal just looks like a line item on the settlement sheet for a home purchase or refinance. The majority of lenders still call for a local expert because the stakes are so high, even though there are a budding number of automated home valuation systems that may seem more economical than an appraisal. Is securing a mortgage the only reason to acquire an appraisal? Are there other times when the services of a licensed, independent real estate professional might come in handy? You bet.

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Dispute your tax assessment in Los Angeles County

If you reside in an area where the value of property 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. We're capable of assisting you in challenging your tax assessment.

PMI removal to lower your mortgage payment

When the amount being loaned to the homeowneris more than 80% of the actual value of the real estate, almost all lenders ask buyers to buy this additional insurance plan. That policy is Private Mortgage Insurance, or PMI. More often than not, this additional payment is bundled into the monthly mortgage payment and is promptly forgotten. PMI becomes 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 United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to dismiss the PMI payments when the loan-to-value ratio conditions have been met.

If you'd like to do away with PMI, All City Appraisal will give you a statement regarding the value of your home. The price you paid for the home valuation can generally be regained in a short amount of time because you'll no longer be paying the PMI.

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Divorce settlement with less stress

A divorce is a particularly daunting ordeal for the parties involved, and it is often further complicated by the burdensome decision of who keeps the home. So both parties are completely aware of the true market value of their home, it's a good idea to get an appraisal from All City Appraisal, regardless of the situation.

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 gotten a fair assessment.

Ascertain an accurate and fair valuation for estate liquidation

The death of a loved one is a hard time in life, and settling an estate from a death, or probate, often calls for 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, ensuring the highest degree of discretion.

Most Americans don't have dedicated estate planners or executors to manage these affairs, unlike wealthy individuals. A home or other property often makes up an unequal share of the total estate value, so knowing 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 through an employee relocation program

We understand the headaches involved with an employee relocation. We take great care in establishing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive characteristics of their property, as well as information about any new sales or listings in their neighborhood that they want considered during our intensive inspection.

Close on your home quickly — at an accurate price

A professional appraisal can help you make a more informed decision regarding your asking price, whether you decide 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 related to the sales price, but rather they are based on our efforts to complete the appraisal report.

We determine the difference in value items like an additional bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long housesare on the market. So, getting a professional appraisal is a trusted 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.

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