There are lots of reasons the public calls on WalshStreet Appraisals

To many, an appraisal is simply one more thing in the long list of items for a mortgage or refinance. While there are a developing number of automated home valuation systems that might appear cheaper than an appraisal, practically all lenders still call for a local expert because the stakes are so high. You might assume that obtaining a mortgage is the only basis for getting an appraisal, but there are other situations when the services of a certified, independent real estate professional could be beneficial.

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Dispute your tax assessment in Los Angeles County

It's probable you're paying too much in property taxes if you reside in an area where property values have depreciated. Ad Valorem taxes are based upon a previous assessment of your home, so if prices are less than what they used to be in your area, you can challenge your assessment and save money. When building your case, an appraisal from WalshStreet Appraisals is your best evidence. At WalshStreet Appraisals, we're qualified to assist you in challenging your tax assessment.

Getting rid of your PMI will lower your mortgage payment

When the amount being loaned to the homebuyer is more than 80% of the actual value of the real estate, nearly all lenders ask home owners to buy an additional insurance plan. That policy is Private Mortgage Insurance, or PMI. Seeing that extra payment is usually folded into the monthly mortgage payment, it is often forgotten. This is bad because PMI is no longer required when the remaining balance of the loan - whether through market appreciation or principal pay down - falls below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress that requires lenders to do away with the PMI payments 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 give you a statement regarding the value of your home. The price you paid for the appraisal can usually be regained in little time because you'll no longer be paying the PMI.

Settling a divorce with less stress

A divorce can be an especially traumatic event for both parties, and it is often further complicated by the burdensome decision of who gets the home. So both parties are entirely aware of the true market value of their home, it's a good idea to get an appraisal from WalshStreet Appraisals, regardless of the circumstances.

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

Settling an estate with peace of mind

The loss of a loved one is a hard time in life, and settling an estate from a death, or probate, often entails 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 do not have dedicated estate planners or executors to manage these affairs. And seeing that a home or other property often makes up an uneven share of the total estate value, understanding the absolute value of the real estate at hand is of significant importance to ensuring disputing parties leave knowing they've received a fair deal.

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

We are aware of the headaches involved with an employee relocation. That's why we take great care in setting up a convenient appointment time for the appraisal inspection. During our detailed process, we recommend relocating employees to provide remarks on the positive characteristics of their property, as well as information regarding any current sales or listings in their area that they want considered.

Sell your home quickly at the right price

Whether you decide to sell your home on your own or use the assistance of a real estate agent, a professional appraisal will help you make a better educated decision when determining your asking price. 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 aren't contingent upon the value opinion we render, but rather they are calculated on our efforts to finish the appraisal.

On a daily basis, we determine 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, getting a professional appraisal is a trusted 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 for an extended amount of time.