Reasons someone would call WalshStreet Appraisals
Thousands of people in California purchase, sell or refinance their home every month. Most of these transactions involve a simple line item for an appraisal.
And even though there are a multiplying number of automated home valuation processes that may appear to be more economical than an appraisal, most lenders still call in a local expert because the stakes are so high.
You might think that obtaining a mortgage is the only basis for getting an appraisal, but there are other cases when the services of a certified, independent real estate professional could be helpful.
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Let WalshStreet Appraisals help you challenge your tax assessment in Los Angeles County
It's likely you're paying too much in property taxes if you reside in an area where property values have declined. Ad Valorem taxes are based upon a previous assessment of your home, so if values are less than what they used to be in your neighborhood, you can challenge your assessment and save money.
An appraisal from WalshStreet Appraisals is your best evidence when building your case.
We're capable of assisting you in appealing your tax assessment.
Let WalshStreet Appraisals assist you in lowering your mortgage payment
When the amount being loaned to the buyer is more than 80% of the actual value of the real estate, many lenders ask home buyers to purchase an extra insurance plan. That policy is Private Mortgage Insurance, or PMI.
This additional payment is often folded into the monthly mortgage payment and is soon forgotten.
PMI becomes unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark, making this very unfortunate.
In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to remove the PMI installments when the loan-to-value ratio conditions have been met.
If you'd like to eliminate PMI, WalshStreet Appraisals will produce a statement regarding the value of your home. The price you paid for the home valuation can usually be offset in just a few months because you'll no longer be paying the PMI.
Settling a divorce with less stress
A divorce is often complicated by the strenuous decision of who maintains the home, and it can be a very traumatic event for both parties.
It's a good idea to get an appraisal from WalshStreet Appraisals so both parties are entirely aware of the true market value of their property, regardless of the circumstances.
The parties will have a better idea of what price to set, if they need to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.
Settling an estate with peace of mind
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 real estate involved.
We guarantee the maximum degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Unlike wealthy individuals, most Americans don't have dedicated estate planners or executors to take care of these issues.
And seeing that a home or other property often makes up an unequal share of the total estate value, understanding the certain value of the real estate at hand is of significant importance to ensuring disputing parties leave knowing they've received an honest deal.
WalshStreet Appraisals can help you with relocating to or from Los Angeles County
Moving due to a job change is a stressful event. We know where you're coming from!
That being said, we take great care in establishing a convenient appointment time for the appraisal inspection.
We encourage relocating employees to provide remarks on the positive aspects of their property, as well as information regarding any new sales or listings in their neighborhood that they want considered during our detailed process.
Sell your home quickly at the right price with an appraisal from WalshStreet Appraisals
A professional appraisal can help you make a more informed decision when determining your asking price, whether you want to sell your home on your own or use the assistance of a real estate agent.
An appraiser has no vested interest in what amount the house sells for, which is different than the interest of real estate agents.
Our fees are derived from our efforts to perform the appraisal report and and aren't related to the sales price.
On a daily basis, we examine the difference in value things like an additional bathroom or a kitchen remodel can make.
And we're experts in knowing how long properties stay on the market. So, obtaining 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 an unnecessarily long time.