Getting an appraisal from WalshStreet Appraisals

Thousands of people in California buy, sell or refinance their home each year. Most of these transactions include a simple line item for an appraisal. Even though there are an increasing number of automated home valuation systems that might seem more practical than an appraisal, almost all lenders still want a local expert because the stakes are so high. But is getting a mortgage the only reason you should get an appraisal? Are there additional instances when the services of a licensed, independent real estate professional might be beneficial? Of course.

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Let WalshStreet Appraisals help you challenge 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 WalshStreet Appraisals is your best evidence when building your case. At WalshStreet Appraisals, we're capable of assisting you in disputing your tax assessment.

Let WalshStreet Appraisals help you lower your mortgage payment

When the amount being loaned to the buyer is more than 80% of the actual value of the home, nearly all lenders ask buyers to purchase an supplemental 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 no longer required when the remainder of the loan - whether through market appreciation or principal pay down - falls below the 80% level, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress that requires lenders to dismiss the PMI installments when the balance is paid down to 78% of the original value.

WalshStreet Appraisals can produce a statement regarding the value of your home, and the price you paid for the appraisal can often be regained in just a few months because you'll no longer be paying the PMI.

Settling a divorce with less stress

A divorce can be a very traumatic experience for both parties, and it is often further complicated by the challenging decision of who maintains the house. It's a good idea to get an appraisal from WalshStreet Appraisals so both parties are fully aware of the true market value of their property, regardless of the situation.

If the parties want to sell the home, they'll have a a good idea of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair assessment.

Accurate and fair estate liquidation

The loss of 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. We ensure the utmost degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).

Unlike many wealthy individuals, most Americans do not have dedicated estate planners or executors to manage these affairs. 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 vital importance to ensuring disputing parties walk away knowing they've received a fair deal.

Relocating to or from Los Angeles County

Employee relocation is a real pain, and we understand. We take great care in organizing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive attributes of their property, as well as information regarding any current sales or listings in their neighborhood that they want considered during our thorough process.

Selling your home quickly at the right price

Whether you want to sell your home on your own or with the help of a real estate agent, a professional appraisal will help you make a better educated decision when determining your selling price. Unlike a real estate agent, an appraiser has no vested interest in what price the house sells for. The price we charge isn't contingent upon the value opinion we render, but rather they are based on our efforts to complete the appraisal.

On a daily basis, we examine the difference in value items like an additional bathroom or a kitchen remodel can make. Seeking a professional appraisal is a trusted 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 an unnecessarily long time - because we're experts in knowing how long homes are one the market.