Why you should order an appraisal

To many, an appraisal just looks like another cost in the long list of items for a home sale or refinance. While there are a budding number of automated home valuation methods that may appear to be more prudent than an appraisal, practically all lenders still want a local expert because the stakes are incredibly high. But is obtaining a mortgage the only reason to get an appraisal? Are there other instances when the services of a licensed, independent real estate professional might be helpful? You bet there are.

Order appraisals online from WalshStreet Appraisals by simply clicking here.

Let WalshStreet Appraisals help you dispute 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. Ad Valorem taxes are determined by a past assessment of your real estate, so if values have declined in your neighborhood, you can challenge your assessment and save money. An appraisal from WalshStreet Appraisals is your best evidence when building your case. At WalshStreet Appraisals,we can assist you in appealing your tax assessment.

Let WalshStreet Appraisals help you lower your mortgage payment

Private Mortgage Insurance, or PMI, is an additional insurance policy that many lenders ask home buyers to purchase when the amount being loaned to the homebuyer is more than 80% of the actual value of the home. Since the additional payment is usually bundled into the monthly mortgage payment, it is often forgotten. This is unfortunate because PMI is unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - goes below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was approved by the United States Congress requiring lenders to eliminate the PMI installments when the balance is paid down to 78% of the original value.

If you'd like to eliminate PMI, WalshStreet Appraisals will give you a statement regarding the value of your home. The price you paid for the appraisal can generally be recovered in just a few months because you'll no longer be paying the PMI.

Settling a divorce with less stress

A divorce is a very traumatic experience for the parties involved, and it is often more complicated by the challenging decision of who gets the home. Regardless of the situation, it's wise to get an appraisal from WalshStreet Appraisals so both parties are entirely aware of the true market value of their house.

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

Fair and accurate estate liquidation

The loss of a loved one is a hard time in life, and settling an estate from a death, or probate, often requires an appraisal to establish 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 fullest degree of discretion.

Most Americans do not have dedicated estate planners or executors to handle these issues, unlike many wealthy individuals. A home or other property often makes up a disproportionate share of the total estate value, so knowing the true value of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've received an honest deal.

WalshStreet Appraisals can help you with relocating to or from Los Angeles County

We are familiar with the stress associated with an employee relocation. That being said, we take great care in organizing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive characteristics of their property, along with information about any recent sales or listings in their neighborhood that they want considered during our intensive process.

Don't sell out for too little or let your home stay on the market too long.

A professional appraisal will help you make a better educated decision when determining your selling price, whether you want to sell your home on your own or with the help of a real estate agent. Unlike a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees aren't contingent upon the value we report, but rather they are calculated on our efforts to finish the appraisal.

On a daily basis, we analyze the difference in value items like an extra bathroom or a kitchen remodel can make. 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 - because we're experts in knowing how long properties stay on the market.