Why you should order an appraisal
To a lot of us, an appraisal just looks like another cost on the break-sheet for a home purchase or refinance.
Even though there are an increasing number of automated home valuation systems that might appear to be more prudent than an appraisal, practically all lenders still need a local expert because the stakes are incredibly high.
You might believe that obtaining a mortgage is the only reason you should get an appraisal, but there are more situations when the services of a certified, independent real estate professional could be helpful.
For real estate appraisals in Los Angeles and Los Angeles County, it's easiest when your order online from WalshStreet Appraisals, just click here.
Dispute your tax assessment in Los Angeles County
If you live in an area where property values have declined, it's possible you're paying too much in property taxes.
An appraisal from WalshStreet Appraisals is your best evidence when building your case.
We're capable of assisting you in disputing your tax assessment.
Let WalshStreet Appraisals help you eliminate PMI to lower your mortgage payment
When the amount being loaned to the home owner is more than 80% of the actual value of the property, many lenders ask homeowners to take out an added insurance plan. That policy is Private Mortgage Insurance, or PMI.
Most often, this additional payment is lumped into the monthly mortgage payment and is promptly forgotten.
PMI is unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - falls below the 80% mark, making this very unfavorable.
In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress that requires lenders to eliminate the PMI installments on most mortgages when the balance is paid down to 78% of the original value.
If you'd like to get rid of PMI, WalshStreet Appraisals will provide you with a statement regarding the value of your home. The expense of the appraisal can usually be regained in just a few months because you'll no longer be paying the PMI.
Divorce settlement with less stress
A divorce is an especially daunting ordeal for the parties involved, and it is often further complicated by the challenging decision of who maintains the house.
Regardless of the situation, it's wise to order an appraisal from WalshStreet Appraisals so both parties are entirely aware of the true market value of their home.
The parties will have a better 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 gotten a fair assessment.
Fair and accurate estate liquidation
Losing a loved one is a difficult time in life, and settling an estate from a death, or probate, often requires 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 don't have dedicated estate planners or executors to handle these matters, unlike wealthy individuals.
And since a home or other property often makes up an unequal share of the total estate value, knowing the certain value of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've gotten a fair deal.
Let WalshStreet Appraisals assist you in relocating to or from Los Angeles County
Moving due to a job change is a more than just an inconvenience. We know where you're coming from!
We take great care in establishing a convenient appointment time for the appraisal inspection.
We encourage relocating employees to provide remarks on the positive attributes of their property, along with information about any current sales or listings in their neighborhood that they want considered during our detailed process.
Don't sell out for too little or keep your home on the market too long.
A professional appraisal will help you make a more informed decision when determining your asking price, whether you choose to sell your home on your own or with the help of a real estate agent.
With much different interests than 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 finish the appraisal report and not a percentage of the sales price.
We analyze the difference in value items like an extra bathroom or a kitchen remodel can make on a daily basis.
And we're experts in knowing how long houses are on the market. So, obtaining a professional appraisal is a reliable way to determine what improvements will add value and what a suitable sales price is for your home so you don't come up short or have your house on the market too long, costing you hassle and money.