Reasons to get an appraisal from WalshStreet Appraisals

To many, an appraisal is simply one more thing in the long list of items for a home sale or refinance. Even though there are an increasing number of automated home valuation methods that may seem more practical than an appraisal, practically all lenders still call in a local expert because the stakes are incredibly high. But is securing a mortgage the only reason to acquire an appraisal? Are there also situations when the services of a certified, independent real estate professional might be helpful? Of course.

If you're planning on any transaction where the value of your house is a factor, contact WalshStreet Appraisals. Just click here.

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 based upon a previous assessment of your real estate, so if values are less than what they used to be in your neighborhood, you can appeal your assessment and save money. An appraisal from WalshStreet Appraisals is your best evidence when building your case. We're equipped to assist you in challenging your tax assessment.

Getting rid of your PMI will lower your mortgage payment

Private Mortgage Insurance, or PMI, is an extra insurance policy that most lenders ask homebuyers to purchase when the amount being loaned to the home owner is more than 80% of the actual value of the home. More often than not, this added payment is lumped into the monthly mortgage payment and is quickly forgotten. This is unfavorable because PMI becomes unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - goes below the 80% mark. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to dismiss the PMI payments when the loan-to-value ratio conditions have been met.

WalshStreet Appraisals can provide you with a statement regarding the value of your home, and the price you paid for the home valuation can often be offset in a short amount of time because you'll no longer be paying the PMI.

An appraisal from WalshStreet Appraisals will help you settle a divorce with less stress

A divorce is an especially heartbreaking experience for the parties involved, and it is often further complicated by the difficult decision of who keeps the house. It's a good idea to order an appraisal from WalshStreet Appraisals so both parties are completely aware of the true market value of their property, regardless of the situation.

The parties will have a a good idea of what price to set, if they wish 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 assessment.

Fair and accurate estate liquidation

The death of a loved one is a painful 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 highest degree of discretion.

Most Americans don't have dedicated estate planners or executors to handle these issues, unlike wealthy individuals. A home or other property often makes up an uneven 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 leave knowing they've received an honest deal.

Let WalshStreet Appraisals assist you in relocating to or from Los Angeles County

Employee relocation is a more than just an inconvenience, and we understand. We take great care in organizing a convenient appointment time for the appraisal inspection. During our intensive process, we recommend employees that are moving to provide remarks on the positive characteristics of their property, as well as information about any recent sales or listings in their area that they want considered.

Sell your home quickly at the right price with an appraisal from WalshStreet Appraisals

A professional appraisal will help you make a better educated decision when determining your selling price, whether you choose 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 price the house sells for. Our fees depend on our efforts to finish the appraisal report and not a percentage of the sales price.

We examine the difference in value things like an extra bathroom or a kitchen remodel can make on a daily basis. Getting a professional appraisal is a reliable way to decide 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 an unnecessarily long time - because we're experts in knowing how long properties are one the market.