WalshStreet Appraisals in Los Angeles are hired for numerous clients
To many, an appraisal is simply one more thing in the long list of items for a home purchase or refinance.
Even though there are a budding number of automated home valuation systems that may appear more cost-effective than an appraisal, practically all lenders still need a local expert because the stakes are incredibly high.
You might believe that securing a mortgage is the only reason to acquire an appraisal, but there are more situations when the services of a licensed, independent real estate professional could come in handy.
When you're planning on any transaction where the likely sales price of your home is a factor, contact WalshStreet Appraisals. Just click here
Challenge your tax assessment in Los Angeles County
If you reside in an area where the value of property has declined, it's possible you're paying too much in property taxes.
When building your case, an appraisal from WalshStreet Appraisals is your best evidence.
At WalshStreet Appraisals,we can assist you in challenging your tax assessment.
WalshStreet Appraisals can help you get rid of PMI to lower your mortgage payment
Private Mortgage Insurance, or PMI, is an added insurance policy that nearly all lenders ask homeowners to buy when the amount being loaned to the home owner is more than 80% of the actual value of the real estate.
This extra payment is often folded into the monthly mortgage payment and is quickly forgotten.
This is damaging because PMI is unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - goes 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 do away with the PMI payments when the loan-to-value ratio conditions have been met.
WalshStreet Appraisals will provide you with a statement regarding the value of your home, and 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.
Settling a divorce with less stress
A divorce is a particularly heartbreaking event for the parties involved, and it is often even more complicated by the challenging decision of who gets the home.
So both parties are fully aware of the true market value of their property, it's a good idea to get an appraisal from WalshStreet Appraisals, regardless of the situation.
The parties will have a a good idea of what price to set, if they want 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.
Settling an estate with peace of mind
Losing a loved one is a difficult time in life, and settling an estate from a death, or probate, often calls for an appraisal to establish Market Value for the real estate involved.
The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the maximum degree of discretion.
Most Americans do not have dedicated estate planners or executors to handle these affairs, unlike many wealthy individuals.
A home or other property often makes up an unequal share of the total estate value, so knowing the true value of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've gotten a fair deal.
WalshStreet Appraisals can help you with relocating to or from Los Angeles County
Moving due to a job change is a more than just an inconvenience, and we understand.
That's why we take great care in setting up an accommodating appointment time for the appraisal inspection.
We encourage relocating employees to provide input on the positive attributes of their property, along with information regarding any current sales or listings in their neighborhood that they want considered during our detailed process.
Don't sell out short or keep your home on the market too long.
Whether you decide to sell your home on your own or with the help of a real estate agent, a professional appraisal will help you make a more informed decision when determining your selling price.
Unlike a real estate agent, an appraiser has no vested interest in what price the house sells for.
Our fees are calculated on our efforts to perform the appraisal report and not a percentage of the sales price.
On a daily basis, we analyze the difference in value items like an additional bathroom or a kitchen remodel can make.
And we're experts in knowing how long houses are on the market. So, getting a professional appraisal is a reliable way to determine 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 too long, costing you time and money.